Telecom Tower Industry

The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.

While providing pan-India coverage for 4G, the towers are strategically located for the implementation of 5G, the release added

Telecom regulator Trai's recommendation to waive right of way charges for the next five years will significantly reduce the overall cost of network rollout for companies, industry body COAI said

The report said ongoing consolidations have emerged as a "threat" for the tower companies

A KKR-led consortium is in talks to buy Indus Towers and Bharti Infratel. If the deal goes through, it will help Bharti Airtel pare debt and take on Reliance Jio

Mainly on account of expansion of 3G and onset of 4G technologies