Vi network rollout, 5G traffic to drive growth: Indus Towers

Indus Towers expects network rollout from Vodafone Idea and the 5G traffic increase on the tower sites to drive its growth in the near-to-medium term.

This assumes significance as Vodafone Idea, which recently inked a Rs 30,000-crore deal with equipment vendors, is expected to start expanding its 4G network this quarter onwards. This will lead to tower sites addition and incremental tenancies for Indus Towers.