Bharti announces $3.5 bln capex; Q4 net zooms 98%

New Delhi, Apr 27 (UNI) Leading private telecom major Bharti Airtel today announced a revised capex of 3.5 billion dollars for fiscal 2007-08 for a bigger roll-out during the year, while posting a 98 per cent jump in net profit at Rs 1,353 crore for Q4FY07 from Rs 682 crore a year ago.

Bharti added 5.3 million subscribers during the quarter while its revenues for the January-March quarter climbed 58 per cent to stand at Rs 5,393 crore.

The company, which gets majority of its revenue from its GSM mobile users, provides services in all 23 zones in the country and will set up 30,000 sites during the fiscal for deeper penetration in rural areas.

''We will set up 30,000 stations in 2007-08 in addition to the existing 40,000 sites. About 60-65 per cent of these will be in the rural areas. We have also revised our capital expenditure (capex) for the fiscal to 3-3.5 billion dollars,'' Bharti Airtel Chairman and Managing Director Sunil Mittal told reporters here.

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