Indus Towers Ltd Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kunal Vora - BNP Paribas, Research Division - Analyst : Again, a question on MSA renewal. Any other changes in the terms, such as annual escalation which you're getting, which is about 2.5%, or does that stay and whether there is any change in terms that is loading? Bimal Dayal So thanks, Kunal, for this question. There are no -- there's no change when it comes to our annual escalation or the loading charges as well. So it's -- it remains the same.

Question: Kunal Vora - BNP Paribas, Research Division - Analyst : In 4G, if I'm not mistaken, it should be about 10%. Is that the kind of number you indicated like the number in 5G will be likely higher compared to that. So is that the right way of looking at it? Bimal Dayal Look, I'm only saying it will depend from customer to customer as well of an average, we have seen that this is higher. Now what will the customers do to optimize this as well will actually happen when this rollout begins as well. In our trials, this is what it is right now. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 03, 2022 / 9:00AM, INUS.NS - Q1 2023 Indus Towers Ltd Earnings Call I won't be able to kind of substantiate this for you until the first rollout start to take place. That would be a good time to ask this question, but my take from whatever we have seen, on an average, this is going to be higher than 4G, for sure.