ICRA Expects Towers Merging With One Another To Remain Competitive
In the backdrop of Indian telecom sector’s phenomenal growth story, ICRA Ltd, expects that telecom tower industry in India will get consolidated with the smaller players either getting acquired by the larger ones or merging with one another to remain competitive. However, the pace of consolidation would depend on the prevailing market conditions; pace of infrastructure rollout by the telcos, especially for 3G and BWA; and the financial flexibility of... Read More
