Bharti Infratel and Indus Towers receive exit notices for 27,447 co-locations

Consolidated service revenue likely to reduce by Rs 60-65 cr per month

Bharti Infratel announced that subsequent to completion of Vodafone-Idea merger and their Scheme becoming effective from 31 August 2018, Bharti Infratel ('the Company') and Indus Towers where the Company holds 42% equity, have received exit notices, which would result in exit of 27,447 co-locations for the Company on a consolidated basis. The aforesaid co-locations contribute to 13.7% of the total co-locations on a consolidated basis as on 30 June 2018.

This is likely to result in a net reduction of consolidated service revenue of approx. Rs. 60- 65 crores per month w.e.f. 01 September 2018. The company expects that this will be mitigated by exit charges and incremental revenues on account of anticipated new network rollouts by the operators going forward.

 

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