Telecom tower infrastructure provider Bharti Infratel’s net profit for the fourth quarter of 2014-15 rose by 18 per cent, a company statement said on Monday.
The company reported revenue of Rs.2, 947 crore, up 6 percent from the corresponding period a year ago.
“The spectrum auctions in March 2015 were a significant event for the telecom industry. The leading operators have not only renewed their existing spectrum but also acquired new spectrum for next 20 years,” the statement said.
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“The growth in data uptake and the need to monetise this investment at the earliest has already led to a step-up in the rollout of data networks.
“This momentum is expected to accelerate further in coming years. We are entering a phase of high growth and Bharti Infratel is aligned to the operator’s requirement of increased network rollouts,” Bharti Infratel chairman Akhil Gupta said in the statement.