Indus Towers Q3 profit rises 2% on year

New Delhi: Telecom tower company Indus Towers’ profit has increased 2% on-year and 20.3% on-quarter to Rs 1,360 crore in the October-December period, its first full quarter post merger with Bharti Infratel. The company reported its highest ever net tower additions in the quarter.

“This was a milestone quarter for the Company with the completion of merger between Bharti Infratel Limited and erstwhile Indus Towers. The two companies have come together with zero disruption with customers and other stakeholders in the last few months, a testament to the strength of the people that have been working collaboratively across teams,” said Bimal Dayal, MD and CEO, Indus Towers.

“Operationally, we have witnessed strong network rollouts across the country and the Company has reported its highest ever net tower additions in a quarter.”