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indus towers: Advent of 5G, pressure to deliver quality service to spur telecom tower growth: Indus CEO

Synopsis He added that as the competition between operators is heating up for quality and technology, plenty of new opportunities are arising for tower companies to focus on. “New business models are hinged on fiber, small cells, data centers, WiFi, smart cities and beyond, along with the macro tower business,” he said. Getty Images New Delhi: The advent of 5G technology and competition between telecom operators to deliver high quality network experience provides a huge growth opportunity for tower companies, Bimal Dayal, CEO & MD of Indus Towers said. “Globally, we are witnessing the advent of 5G and if you ve read press releases, including one yesterday from

Indus Towers posts consolidated profit of Rs 1,360 cr in Dec quarter

The country s largest mobile tower company Indus Towers on Thursday posted a consolidated profit of Rs 1,360 crore for the third quarter ended December 2020. Indus Towers, formerly Bharti Infratel, had reported a profit after tax of Rs 1,331 crore in the same period a year ago. Indus Towers merged with Bharti Infratel Limited on November 19, hence the financial performance of the company is not comparable with the past period, it added. Consolidated revenues for the quarter stood at Rs 6,736 crore. The company had clocked a revenue of Rs 6,443 crore in the corresponding period of 2019-20. This was a milestone quarter for the Company with the completion of merger between Bharti Infratel Limited and erstwhile Indus Towers.

Bharti Infratel shares jump 40% in a month; here s why

Bharti Infratel shares jump 40% in a month; here s why Bharti Infratel shares rose as much as 39.82 per cent over the last one month and 16.62 per cent since the begging of this month Chitranjan Kumar | December 14, 2020 | Updated 17:28 IST Bharti Infratel shares closed at Rs 246.50, up 0.65 per cent Bharti Infratel share price rose over 3 per cent in intraday to Rs 252.85 on the Bombay Stock Exchange (BSE) on Monday after the telecommunications infrastructure company said it has received the approval from the Registrar of Companies (ROC) for changing its name to Indus Towers. The company, a subsidiary of Bharti Airtel, saw its stock rising as much as 39.82 per cent over the last one month and 16.62 per cent since the beginning of this month.  

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