According to a recent joint report by Digital Infrastructure Providers Association (DIPA) and EY, the telecom industry needs an investment of over Rs 2 trillion in the next 3-5 years to develop digital infrastructure in the country. Besides, 70 per cent of the towers need to be fiberised by 2024 to cater to the 5G launch compared to current 33 per cent.
Also, there is an urgent need and significant opportunity for tower companies to transform into Digital Infrastructure providers for ensuring digital networks across India.
As per report, the telecom infrastructure industry has been instrumental in driving the connectivity revolution in the country. It has been the backbone of a rapidly evolving nation that is riding high on the digital transformation wave. To support India’s journey to a completely digital society, it is therefore imperative for tower companies to transform into digital infrastructure companies.
India’s National Broadband Mission envisages 5 million cumulative fiberisation by 2024, which presents an addressable opportunity to tower companies. Also, in the next few years, India is expected to transform into a high-tech digital society. To this end, a substantial investment is required in setting-up the underlying digital infrastructure. Therefore, it necessitates tower companies to transform into Digital Infrastructure companies backed by conducive policy support.
