Telewings Communications, the Indian unit of Norway-based Telenor is planning to invest up to Rs 6 billion as capex during 2014-15. This expenditure will predominantly be undertaken to establish new base transceiver stations (BTS) across its six licensed circles.
The company plans to roll out about 5,000 BTSs as well as expand its point of sale retail footprint. The capital expenditure towards the same stood at NOK 247 million (Rs 2.35 billion), during January 2014-June 2014.
On 4G services front, the company is planning to undertake testing of these services in 2014-15. It does not plan to commercially launch 4G services in the short to medium term as the penetration of 4G-enabled handsets in the country is still at a nascent stage.
Recently, its parent company, Telenor has received an approval from Foreign Investment Promotion Board (FIPB) to increase its ownership in the company from 74 per cent to 100 per cent.
