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Bharti Infratel Ltd.

BSE: 534816 Sector: Infrastructure
NSE: INFRATEL ISIN Code: INE121J01017
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Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements)Regulations

September 5, 2018, 8:49 pm | Source: BSE | Downlaod PDFDownload PDF

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform that subsequent to completion of Vodafone-Idea merger and their Scheme becoming effective from August 31 2018 Bharti Infratel Limited (the Company) and Indus Towers Limited where the Company holds 42% equity have received exit notices which would result in exit of 27447 co-locations for the Company on a consolidated basis. The aforesaid co-locations contribute to 13.7% of the total co-locations on a consolidated basis as on June 30 2018.

This is likely to result in a net reduction of consolidated service revenue of approx. Rs. 60- 65 crores per month w.e.f. September 1 2018. We expect that this will be mitigated by exit charges and incremental revenues on account of anticipated new network rollouts by the operators going forward.