Telecom tower companies eye 5–6% tenancy growth on network push

Telecom tower companies are expected to see a 5-6% growth in tenancies over the next two fiscal years driven by a revival in network expansion by telecom operators, said a Crisil report on Wednesday, after an analysis of three tower companies which account for 90% of the towers in the country.

Further, this revival in capital expenditure by some telecom operators will translate to incremental tenancies at existing sites, driving improved tenancy ratio after years of moderation, the ratings agency said.