Reliance Jio’s entry, spectrum sale boost tower industry’s growth: Indus Towers
Indus Towers says the footprint and loading on towers is growing and revenues for tower companies has increased, and the rate of growth would continue to go up
New Delhi: The aggressive competition in the telecom industry with entry of Reliance Jio Infocomm Ltd and spectrum sale in auctions have fuelled revenues for tower industry.
“Spectrum auction and competition in the industry are bringing in more work for us,” said Bimal Dayal, chief executive, Indus Towers.
The company said that the footprint and loading on towers is growing and revenues for tower companies has increased, and the rate of growth would continue to go up.
Indus towers currently has 121,330 towers across 15 circles in India.
The company is moving to green sites by converting 55,000 sites into green and rolling out next generation sites.
More than 100 such sites have been set up in 20 cities and the company plans to expand it to 500 sites in 12 months across 50 cities.
Around 20-25 crore have been spent to roll out these next gen sites and the company shall spend Rs100 crore more in the next one year.
The new sites installed run on batteries instead of diesel and are being installed on metro pillars, camouflaged palm trees, street furniture sites on footover bridges.
“With our focus on innovation that enables transformation and belief in design thinking approach where we develop a solution basis customer needs. Aesthetic sites roll out is a great testimony in this direction,” Dayal added.