Bharti Airtel which announced its quarter 4 and fiscal year 2009-2010 results today said that it is planning a capex in the range of $ 1.5 billion to $ 1.7 billion for the Indian market in the new fiscal.

“The capex will be mainly towards network expansion and upgradation. While the figures do not include capex for 3G network rollout we feel that there wont be significant capex involved in rolling out 3G network as it will mainly involve replacing 2G gear in our case,” said Akhil Gupta, Deputy Group CEO & MD Bharti Enterprises and a Director of Bharti Airtel.

Bharti Airtel had announced a capex of $ 3 billion for last fiscal.

He also said that the capex for recently acquired Zain’s Africa operations in 15 countries is likely to be in the range of existing figure of $ 800 million.

Akhil Gupta also said that there will be added capex in the company’s Bangladesh and Sri Lanka operations as well.