Despite the tower companies of India are going through several merger and acquisition, there are some new companies entered in the market - Suyog Telematics Ltd, Signotox Towers Pvt. Ltd., Pratap Technocrats, SAR Televentures etc.
These companies are looking into new verticals of tower industries for generating revenues from telecom service providers. Innovative solutions from these companies can be cost-effective and energy-efficient.
Report by Avendus predicts that in next 5 years capital expenditure in the digital infra space might go up to $35-50 billion. They also noted four major trends to drive this expenditure are: in-building solutions (IBS), outdoor small cells (ODSC), data centres (DCs), and fibre networks.
Revival of BSNL, deployment of 4G and 5G tech in their network and Vi's plans to expand 4G and enter into 5G space are also good news for these newcomers despite the presence of big companies like Altius (2.75L towers) and Indus Towers (2.5L towers) and mid-level players like GTL Infrastructure with 26,000 towers and Ascend Telecom with around 18,600 towers.