Indus Towers Q3 Review - Short-Term Fine, Medium-Term Uncertain: Dolat Capital
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Dolat Capital Report
Indus Towers Ltd. first time reported the merged financials of Infratel-Indus.
The company’s Q3 FY21 was operationally healthy lead by strong tower additions, tenancy growth and rental/tenant led by exit penalties.
Energy spread was negative for third consecutive quarter. Indus’ short-term prognosis remains positive led by potential tariff increase in the telecom sector and/or fund-raise by Vodafone Idea Ltd.
Stake sale (even partial) by Vodafone Plc (approximately 28%) could lead to supply overhang.
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