Emkay's research report on Bharti InfratelMultiple triggers for tenancy growth: Data coverage expansion both in existing and new regions, launch of service by R-Jio, 4G launch by incumbents and conversion of loading into actual 3G/4G sites Management ruled out any pressure on rentals and tenancy growth due to multiple technology BTS deployed by the telecom operators. There is significant headroom for incremental tenancies, driven by increasing focus on data coverage expansionMajority of the cost control rationalization efforts have been reflected in EBITDA growth and margin expansion in FY15. Going forward, margin expansion will be driven by incremental tenancy growth"We continue to remain bullish on the company’s growth prospects, as increased capex spends by telecom operators provide visibility on tenancy growth. Given the recent stock price correction, we upgrade our rating to BUY with unchanged PT of Rs 505", says Emkay Global Financial Services research report.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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