Bharti Infratel’s Q1 net profit drops 12 per cent

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New Delhi, July 24 (IANS) Tower infrastructure provider Bharti Infratel’s net profit for the first quarter of 2017-18 dropped by 12 per cent, a company statement said here on Monday.

The profit after tax for the April to June period of 2017-18 stood at Rs 664 crore, down from Rs 756 crore posted during the same period a year ago.

“Indian telecom is moving towards a data centric business model as the demand for data is growing exponentially with the nation decisively embracing the digital world. We continue to observe significant network rollouts for data coverage and we believe all operators will further accelerate their data network rollout plans to grab a share in the growing data market,” said Akhil Gupta, Chairman, Bharti Infratel.

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“The government of India’s Digital India program and Smart City project pose additional opportunity to create infrastructure for sharing on a non-discriminatory basis. As Bharti Infratel and Indus Towers, we are well positioned to grab our fair share of the emerging data led growth market and build vital infrastructure for Smart Cities for sharing on non-discriminatory basis,” he added.

–IANS

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