Data is the primary growth driver in metros / A circles, otherwise voice coverage is more or less complete for the key telcos. Interestingly, the time gap between loading by an existing tenant to a full-blown new tenancy (on a nearby tower) has reduced to 18-24 months now vs. 3 years previously. 3) On regulations, the government looks more supportive now ? it is offering space on its buildings for towers in metros, plus it also backed the industry on the recent issue of health hazards from radiations. Conversely, ?permission fees? have increased in some municipalities.
All three towercos are exploring new revenues sources ? such as in-building/Wi-Fi, and economics on these are decent, we understand.
