BHARTI INFRATEL Q3 NET SURGES 62 PERCENT, CO SEES 3G EXPANSION

New Delhi

The Financial Express

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Bharti Infratel, the mobile tower unit of Bharti Airtel, on Thursday reported a 62 percent year-on-year

increase in its net profit at R411 crore during the quarter ended December. Consolidated income from

operations during the October-December 2013 period rose 4 percent to Rs 2,731 crore. At the end of the

December quarter, total tower base stood at 82,813 with average sharing factor at 1.96. Sharing revenue

per tower per month showed an increase of 2 percent over the September quarter to stand at Rs 66,760. The companys board of directors, at its meeting held on Thursday, approved the appointment of Akhil

Gupta as executive chairman. He is, currently, the vice-chairman and MD of the tower firm. DS Rawat has been posted as Bharti Infratels MD & CEO. The appointments are effective from April. Bharti Infratel

expects carriers to expand 3G networks in coming quarters as they see growth in revenue from data. The regulatory environment in telecom sector is improving and more clarity will emerge after the auctions

on February 3, 2014. With price hikes and the data revenues witnessing strong growth, the operators have started focusing on roll out of 3G networks quarters, said Gupta.