Thursday, June 17, 2021
HomeBusinessBharti Infratel Surges 7% on Hopes 3G Rollouts to Increase Tenancies

Bharti Infratel Surges 7% on Hopes 3G Rollouts to Increase Tenancies

Bharti Infratel surged 7 per cent on Thursday compared to 1 per cent fall in benchmark BSE Sensex. Stock rose as much as 12.7 per cent to mark life high at Rs 371.90.

The telecom tower company will gain from mega-spectrum auction as it will accelerate data-network rollouts by all operators, analysts said.

“Current 2100 mhz band is less efficient for 3G services, one should expect operators to increase their presence via Bharti Infratel’s towers,” an analyst tracking the sector said.

Bharti Infratel is 74.86 per cent owned by India’s Bharti Airtel, according to the exchange data.

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