Bharti Infratel bets on 4G network expansion

Kolkata: Bharti Infratel, whose stock plunged over 10% Thursday after weak fourth-quarter results, said the worst is over in terms of tenancy losses on its telecom tower sites, expecting sustained 4G network expansion to drive revenue growth in the coming months.

“Vodafone Idea has just concluded its rights issue and Bharti Airtel’s will open soon, which will give them adequate fresh funds to engage in aggressive tower network build-outs for expanding 4G coverage amid surging data consumption, a scenario that promises a favourable impact on our business prospects,” Bharti Infratel chairman Akhil Gupta said.