Bharti Infratel posts Rs 1,043 crore profit before tax in September quarter

Bharti Infratel on Monday reported Rs 1,043 crore profit before tax for the second quarter ended September 30, up 6 per cent from Rs 988 crore in the same last year.

The company during the quarter has reported reduction in co-locations of 1,106 basis exit notices received. However, as on September 30, 2019, there are cumulative 3,750 co-locations for which though the exit notices have been received but actual exits have not happened.

“We continue to believe that there is a strong growth potential in telecom passive infrastructure in the country as telecom networks keep pace with the continuing exponential data consumption