Indus Towers plans no dividend, will continue investing in infra

“From the CapEx point of view, we remain committed to growth because this is something that is going to keep the business healthy for a very long time. If you do not make it now, you will probably never make it,” Prachur Sah, managing director, Indus Towers had said at the earnings call.

The company will not miss the opportunity of the rapid rollout of 5G services by the two telcos. Airtel is targeting to launch 5G services in all urban areas by September 2023, and Jio expects to complete its pan-India rollout by the end of 2023.

The company has over 189,000 towers and 339,435 co-locations and a nationwide presence covering all 22 telecom circles. It expects a 5-10% increase in monthly average rent per tenant.

CT Bureau