Indus Towers says demand environment strong, 5G to make infra space even relevant

Indus Towers on Friday said the race towards 5G would make infrastructure space even more relevant and the market is poised for three robust and sound telecom operators competing with each other.

A day after announcing Q4 and full FY21 results, the top management of Indus Towers in an investor call said the demand environment looked strong “with heavy data growth” that augured well.

“New spectrum will be deployed and great network activity which takes place…which, in my opinion

is generally very good,” Bimal Dayal, Managing Director and CEO of Indus Towers Limited (formerly Bharti Infratel) said at the post-earnings call.

Touching upon the demand environment, Dayal said the industry data volumes continue to grow and the growth is fairly rapid.

“Look at it from regulator’s perspective, look at it from chronology as well, we do believe somewhat penny is falling towards three robust, sound operators competing with each other…,” he said.

The tower infrastructure company is of the firm belief that there will be a three-player market.

“I am completely aware that struggles which, let’s say VIL ( Vodafone Idea NSE 0.00 %) is facing currently as well, but chronology tells u

s where they are and where they were around last year, they have managed to do quite a lot of things, and from a tower company perspective, we certainly believe it will be a three-player market,” Dayal said.

Indus Towers on Thursday reported a 38 per cent rise in consolidated net profit to 1,364 crore for the fourth quarter of FY21 and said digital transformation across sectors is driving new opportunities for shared infrastructure providers to usher in the next growth phase.

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