Bharti Infratel Affected by Rapid Telecom Consolidation. Air-Pocket Hit.

American Tower Guides for Weakness in India. Negative Read Across to Bharti Infratel

Bharti Infratel Vulnerable to Further Telecom Consolidation. A Two Player Market Would Be Painful.

Bharti Infratel: Costs Rising. Telco Towers Will Struggle as Industry Consolidation Occurs

India: Bharti Infratel Hitting an Air Pocket. Tower Market Will Be Disrupted by Telco Consolidation

Bharti Infratel: Pressure on Costs and ARPUs. Consolidation Will Make This Worse.

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Equity Bottom-Up

<p>Since we last wrote about <a href="https://www.smartkarma.com/entities/8922" target="_blank" data-smartkarma-citation="entities:8922:1">Bharti Infratel (BHIN IN)</a>, the stock has had an amazing run and, at one stage, was up 39% at a high of INR479. We have long been cautious on the stock as we are worried about how industry consolidation and weak tower contracts will play out in India at a time when some costs are rising. Nothing we have seen recently changes that view.</p><p>Investors seem to have ignored these pitfalls and focused on M&amp;A. This looks to be a two stage process with Infratel first buying a…</p>

Since we last wrote about Bharti Infratel (BHIN IN), the stock has had an amazing run and, at one stage, was up 39% at a high of INR479. We have long been cautious on the stock as we are worried about how industry consolidation and weak tower contracts will play out in India at a time when some costs are rising. Nothing we have seen recently changes that view.Investors seem to have ignored these pitfalls and focused on M&amp;A. This looks to be a two stage process with Infratel first buying a…

Tata Teleservices (Maharashtra) (TTLS IN)

Bharti Infratel Faces an Earnings Air-Pocket but Stock Supported by M&A Speculation.

Indus Towers

Bharti Infratel Faces an Earnings Air-Pocket but Stock Supported by M&A Speculation.