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Bharti is the third largest mobile provider globally (by subscriber) and accounts for about 1% of global capex and 0.7% of global opex. Its tech spending has surged recently, largely due to 4G upgrades in India.


  • Since 2008, Bharti has seen two spikes in capex: in 2009 and 2015–16. Big national wireless buildouts caused both. Ericsson, Nokia, and Huawei are among the vendors benefiting.
  • Network operations opex as a percentage of revenues for Bharti is in the 30–35% range, which is high relative to some peers.
  • Content opex is now in the range of 1–2% of total opex, to support Bharti's more than 13 million pay-TV subscribers.

Features and Benefits

  • Evaluates Bharti's recent growth history.
  • Analyzes Bharti's capex and opex spending patterns by segment.
  • Identifies Bharti's key suppliers and recent spending projects.
  • Assesses outlook for technology spending across capex and opex.

Key questions answered

  • How has Bharti's spending fluctuated over time and segment?
  • Who are Bharti's key vendors?
  • What spending categories are growing the fastest?
  • What is the outlook for technology spending at Bharti?

Table of contents


  • Introduction
  • Download 1: Bharti Airtel: Tech Spending Review & Outlook

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