Analysis published 13 Apr 2026
AI-generated · cited to primary sources · not investment advice
Bharti Airtel (532454) Feb 2025 Filing Analysis
03 · Future Growth
Where does growth come from?
Net Debt-to-EBITDA Ratio
Network rollout for mobile is decelerating as the major 5G rollout phase nears completion, with management guiding for lower capex in FY25 and FY26. (2 decelerating across 2 signals)
“radio, which has been a substantial part of our capex. This one has decelerated very, very significantly, and we expect it to continue to decelerate next year.”
Bharti Airtel · Concall Transcript · Feb 2025 · p.6
See the full cited Future Growth analysis of Bharti Airtel
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