Bhopal Smart city project is a great learning and strategic opportunity for the company and long-term IRR is seen around c15% over a
15-year period.
Bharti Infratel continues to gain market share in tenancy additions as large part of the Jio rollout has been executed among Indus and BHIN standalone. The company suggested that the merger of Vodafone India and Idea may lead to one-time rationalization of tenancies
and any potential reduction in revenues likely to be offset by exit charges and data growth driven incremental rollout.
