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Bharti Airtel to spend $1 billion per year in Africa

By The Rainbow
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India's Bharti Airtel plans annual capital expenditure of $1 billion in the next few years and will focus on deepening investments in 17 African countries rather than entering new markets, chief executive Sunil Mittal http://economictimes.indiatimes.com/bharti-airtel-ltd/stocks/companyid-2718.cms told Reuters on Thursday. http://timesofindia.indiatimes.com/topic/Sunil-Mittal

The telecoms firm is comfortable with its debt levels of 2.5-2.6 times EBITDA and is evaluating options for the sale, leaseback or sharing of its African transmission towers , Mittal said on the sidelines of the World Economic Forum http://timesofindia.indiatimes.com/topic/African-transmission-towers in Abuja, Nigeria. http://timesofindia.indiatimes.com/topic/World-Economic-Forum