Bharti Infratel’s Q1 net profit surges 71% as telcos expand 3G and 4G networks
Bharti Infratel reported 71% on-year increase in net profit in the quarter ended June 30, 2016, at Rs 756 crore, against Rs 442 crore in the year-ago period, as Indian telecom operators expanded their 3G and 4G coverage, which resulted in more rented cell sites. India's only listed telecom tower firm said its consolidated revenue in the quarter grew 7% on-year at Rs 3,211 crore, while consolidated Ebitda improved to... Read More
