Bharti Infratel: No Premium Merger Announced with Indus Towers. Indian Towers Are Struggling.

Asian Telecom Tower Trends: Indonesia Is Bottoming but India Is Set to Worsen.

Bharti Infratel: Cutting Forecasts as Major Customer Viability in Question.

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

Indian Telcos: Are We Looking at a Two-Player Market as JIO Keeps the Pressure on Incumbents?

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

Jio's Aggression Continues to Pressure Indian Telcos.

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New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p>Following <a href="https://www.smartkarma.com/profiles/1917" target="_blank" data-smartkarma-citation="accounts:1917">Chris Hoare</a>'s recent work on whether we should consider a two player Indian telecom market, he has also looked at the implications for <a href="https://www.smartkarma.com/entities/8922" target="_blank" data-smartkarma-citation="entities:8922:1">Bharti Infratel (BHIN IN)</a>. This is a stock that draws strong opinions, with bulls pointing to rising dividends, potential M&amp;A, and long term data growth driving tower growth and higher tenancies. We have tended to be on the bearish side, worried about lack of barriers to entry, weak contracts (written in favor of operators), structurally low returns and…</p>

Following Chris Hoare's recent work on whether we should consider a two player Indian telecom market, he has also looked at the implications for Bharti Infratel (BHIN IN). This is a stock that draws strong opinions, with bulls pointing to rising dividends, potential M&amp;A, and long term data growth driving tower growth and higher tenancies. We have tended to be on the bearish side, worried about lack of barriers to entry, weak contracts (written in favor of operators), structurally low returns and…

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