Bharti Airtel plots subsidiary spending spree totalling $16bn

India’s Bharti Airtel has divulged plans to spend more than a trillion rupees doing business with its group companies over the next five years.
By far the largest single chunk of change – some INR880 billion ($11.78 billion) – will go to its Indus Towers joint venture, for the availing of passive infrastructure and related services ahead of the launch (at some point further down the road) of 5G services. Airtel said it will spend INR170 billion per year for the next four years,