New Street: Indus Towers - Nearly pricing in VIL recovery; cut to Reduce
With VIL rolling over and news articles suggesting outside investors are still reluctant to put new money into the failing operator, and with Indus having rallied by almost 50% we think it is time to exit the tower play, and downgrade to Reduce.Bharti Infratel provides telecom tower infrastructure in India. Co. acquires, builds, owns, operates, and manages towers and related infrastructure for wireless telecommunications service providers. As of Mar 31 2014, Co. owned and operated 83,368 towers and 167,202 co-locations in 22 telecommunication circles.
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- Pan European Telecom Services and Cable
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- Global Emerging Market Telecoms
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- Pan European Telecom Services and Cable
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