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Bharti Infratel awaits 4G boost

RJio launch and data expansion are expected to improve prospects but there could be a few bumps on the way

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Bharti Infratel

Ram Prasad Sahu  |  Mumbai 

The stock of telecom tower services provider Bharti Infratel is up about 10 per cent since the commercial launch of Reliance Jio (RJio) a month ago. Expectations that telecom service operators, which spent Rs 66,000 crore in the recent auctions for spectrum, will accelerate their deployment of fourth-generation (4G) technology services, has also helped the stock.

Operators are expected to not only defend their market share in key circles but expand their presence in areas where they are weak. Analysts at Motilal Oswal Securities say with data coverage at only 55 per cent, there ...

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First Published: Sun, October 16 2016. 23:07 IST
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