Tower cos to see 10percentage rev growth in 2-3yrs

Telecom tower companies will post a revenue growth of about 10 per cent over the next two years as mobile operators expand 3G and 4G footprint and seek more tower space, Moody’s Investors Service said. ‘We expect continued growth… as mobile operators, building out and strengthening their 3G and 4G footprints, will seek to lease tower space and sell more of their own towers,’ Moody’s Assistant VP and Analyst, Nidhi Dhruv said in a statement. ‘We expect overall year-on-year revenue growth of about 8-10 per cent in the next one-two years,’ Dhruv added. In its report on Indian and Indonesian tower companies, Moody’s said M&A and consolidation are likely to happen in the next two-three years.