Name:

Bharti Infratel Limited

Business description:

Bharti Infratel Limited is a telecom tower infrastructure service provider that deploys, owns
and manages telecom towers and communication structures, for various mobile operators.

On a consolidated basis, Bharti Infratel is one of the largest tower infrastructure providers in
India, based on the number of towers that the company owns and operates and the number of
towers owned or operated by Indus Towers Limited - a Joint Venture between Bharti Infratel,
Vodafone Group and Vodafone-Idea, represented by Bharti Infratel's 42% equity interest in
Indus.

The business of Bharti Infratel is to acquire, build, own and operate telecom tower and
related infrastructure.

The company has over 42,339 standalone towers across 18 states, and 11 telecom circles in
India.

Established:

November 30, 2006 as a Public Limited Company

ISIN:

INE121J01017

Proportionate Revenue:

Rs. 35,047 million (quarter ended June 30, 2020 - Audited)

Rs. 37,119 million (quarter ended June 30, 2019 - Audited)
As per IND AS Accounts

Proportionate EBITDA:

Rs. 18,070 million (quarter ended June 30, 2020 - Audited)

Rs. 19,528 million (quarter ended June 30, 2019 - Audited)

As per IND AS Accounts

Shares in Issue

1,849.61 million Shares as at June 30, 2020

Notes:

•  Revenue, EBITDA are excluding other income

•  The Company has adopted IND AS w.e.f. April 1, 2016 with transition date being April 1,
2015 in accordance with the requirements under Section 133 of the Companies Act, 2013.
Accordingly, the consolidated financial statements under IND AS include the share of Joint-
Venture on the basis of Equity Method of accounting. In the past, we have been presenting
our consolidated financial results based on proportionate consolidation method as required
under previous GAAP. In order to ensure continuity of comparison after introduction of IND
AS, we have disclosed the above Proforma consolidated financials based on segment
information in the audited consolidated financial statement of IND AS and underlying
information.
•  Effective April 1, 2019, the Company adopted Ind AS116 “Leases”. The result for the
quarter ended June 30, 2019 includes the impact of Ind AS116 and the same is not
comparable with the past period results.

Listings:

Bombay Stock Exchange Limited (BSE)

National Stock Exchange of India Limited (NSE)

Stock Exchange Symbol

BSE- 534816
NSE- INFRATEL

Towers & Co-location Base

Total Towers*: 95,801 as on June 30, 2020

Total Co-locations*: 174,216 as on June 30, 2020

Average Sharing factor: 1.82 times for quarter ending June 30, 2020

Sharing Revenue per Tower per month#: Rs. 78,219 for quarter ending June 30, 2020

Sharing Revenue per sharing operator per month#: Rs. 42,023 for quarter ending June 30,
2020

*Represents the sum of the numbers of towers (and the co-locations thereof) owned and
operated by Bharti Infratel and 42% of the number of towers (and the co-locations thereof)
owned & operated by Indus Towers. The Company during the quarter has reported co-
locations reduction of 1,228 basis exit notices received. However as at June 30, 2020, there
are cumulative 3,474 co-locations for which though the exit notices have been received but
actual exits have not happened.

# Effective April 1, 2019, the Company adopted Ind AS116 “Leases”. The result for the
quarter ended June 30, 2019 and onwards includes the impact of Ind AS116 and the same is
not comparable with the past period results.

Registered Office:

Bharti Infratel Limited

901, Park Centra, Sector-30, NH-8,
Gurugram-122001, Haryana
Phone: +91 124 4132600
Fax: +91 124 4109580