Bharti Infratel Tenancy addition was negatively impacted due to one?off exits from a couple of operators that were not able to renew their spectrum holding. Also Chennai flood negatively impacted Indus? operations in Q3.
3G/4G installations by telcos have been steadily picking up ? up more than 3x in 3Q. Momentum in terms of data network rollouts is also picking up significantly. Most installations are in the form of loading, but the management says this is just a precursor to subsequent increase in tenancies per new sites (which is 6?9 months away)
Spectrum sharing and trading would benefit the tower industry, as it will lead to faster rollouts, especially in smaller towns and rural areas
