Vodafone Idea’s capex push may not benefit Indus Towers: Report

NEW DELHI: Vodafone Idea Limited (VIL) is likely to increase its 4G Capex to regain market share but this may not benefit Indus Towers in the near-term, said ICICI Securities in a note.

“We expect VIL to use capital to accelerate its Capex in 4G where it lags peers in terms of data capacity though it always enjoyed a huge advantage on spectrum quantity…. As of Q1FY22, VIL had 21% lower 2G cellsites compared to Bharti, 31% lower mobile broadband (MBB) cellsites, and 48% lower MBB BTS. Thus, VIL has much to catch up on 4G investment,” it said.