 "Bharti Infratel")
Mobile tower company Bharti Infratel Wednesday posted a consolidated net profit of Rs 608 crore in the last quarter of 2018-19, almost flat on year, as consolidation in the telecom sector resulting in reduced tenancies.
The company had posted consolidated profit after tax of Rs 606 crore in the same period year ago.
The year 2018-19 saw major consolidation in the Indian telecom industry with four operators ceasing to exist either on account of mergers or outright shut down of operations, Bharti Infratel Chairman Akhil Gupta said in a statement.
"Between Bharti Infratel and Indus Towers, approximately 20% of opening co-locations were
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