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TOWER TENANCY ADDITIONS
Indus Towers: Jefferies cuts rating to underperform, gives reasons for bear outlookJefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures....
Indus Towers to pay dividends after Vi clears dues, boosts cash flowsIndus Towers received a substantial payment from Vodafone Idea. This boosted their free cash flow significantly. Now, Indus aims to aggress...
Tower cos to spend Rs21,000 crore capex over FY25-26: CRISIL RatingsTelecom tower companies are projected to invest Rs 21,000 crore in capital expenditure over fiscals 2025 and 2026, driven by network expans...
Indus Towers may benefit if Vi gets money and invests: AnalystsCash-strapped Vi said it will open a sale of new shares on April 18 and close on April 22 to raise up to ₹18,000 crore. This will be closel...
Indus Tower reports negative cash flows for 2nd straight quarter on high capex: AnalystsIndus Towers has recorded a decline in free cash flow (FCF) now for two straight quarters, a trend that analysts link to increased capital ...
Hold Indus Towers, target price Rs 305: Emkay GlobalIndus Towers Ltd., incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 74097.29 Crore) operating in Telecommun...
VIL's long-term business concerns remain an overhang for Indus Towers: Report"The management continues to reiterate that 5G and fibre opportunities would continue to drive growth in the future as dependency on strong...
Worst is over for telecom sector, says Bharti Infratel, after recording highest tower addsIn the July-September period, Infratel witnessed the highest net tower additions in the last eight years and the highest net colocation add...
Jefferies has underperform rating on Bharti Infratel, target price Rs 130Bharti Infratel's 4QFY20 performance mirrors the weak tenancy outlook it is facing due to ongoing consolidation among telecom operators.
Consolidation in telecom sector to impact tower companies: ReportThe telecom industry's move towards oliogopoly will potentially impact telecom tower companies through factors like tenancy losses, a repor...
Bharti Infratel-Indus Towers merger likely to complete in the first quarter of next fiscalThe “deal is expected to be completed latest by April-May-19,” Bank of America Merrill Lynch said in a report.
Telecom tower companies face margin erosionAnalysts expect future tower additions to largely happen in rural areas, which are likely to drive the next wave of wireless subscriber gro...
GTL may recover Rs 2,000 crore as rent cancellation charges from 3 telcos“Market rumours and discussions at the operational level indicate that further downsizing is on the cards” for Aircel, which could lead to ...
Average rental per tower to be under pressure in FY18: ReportThere are about 420,000 telecom towers in India with an average tenancy ratio of 2x-2.2x, which could increase by 15-20% over FY18-19 with ...
Reliance Jio tower tenancies to help Bharti InfratelAnalysts expect Bharti Infratel to gain 50 per cent of the incremental market share if Jio expands its countrywide base of 4G cell sites fr...
Tower companies to see rise in volume growth on expansion of data network by telcosBrokerages Goldman Sachs and Morgan Stanley, however, are a tad more cautious and expect a combination of the auctions and Jio’s disruptive...
Reliance Jio Infocomm to lease more base stations from tower companies like Indus TowersRel Jio Infocomm is in talks to lease more signal emitting sites, or base stations (BTS), from tower companies such as Indus Towers and Ame...
Bharti Infratel Q4 net profit up 18 per centHaving made expenditure to set up telecom towers at the outset every additional tenancy on a telecom tower adds significantly to profits.
Telecom tower companies hope to see fast revenue growth on back of accelerated network rolloutsIndia’s top three telcos – Bharti Airtel, Vodafone India and Idea Cellular – have collectively committed 77% of the recent Rs 1.098 lakh cr...
- Indus Towers to cross $2b revenue mark this fiscal
Indus Towers is a JV of Bhari Group, Idea Group & Vodafone Essar. Bharti Vodafone hold 42% stake each in the company, while Idea holds the ...