Voda Idea's survival critical for Indus Towers, says Bharti Enterprises' Akhil Gupta

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Key Points

Bharti Enterprises vice chairman Akhil Gupta has said cash-strapped Vodafone Ideas survival is vital for growth of Indias biggest telecom tower company, Indus Towers, in which Bharti Airtel is the biggest stakeholder...

Gupta also expects a combination of higher data consumption and fixed wireless services to drive 5G monetisation for Indias top telcos in the near-term...

Induss growth will be dependent on Vi catching up on 4G investments and eventually rolling out 5Ghence survival of Vi is important for Indus growth prospects, JP Morgan quoted Gupta as saying in a recent investor summit hosted by the global brokerage...

The Bharti Enterprises vice-chairman added that Bharti group telecom flagship, Airtel, having a majority stake in Indus did not raise any conflict issues since Indus gave discounts to all three operators on master service agreement (MSA) renewals and not just to Airtel...

Jefferies estimates Jios 5G monetisation efforts could pick up speed and the telco could unlock a $7-10 billion revenue opportunity if its new 5G-based Jio AirFiber service drives broadband adoption among the 85 million-odd Pay-TV homes that still don't have internet access...

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