Data business reported a robust performance during the quarter on the back of a strong performance in traditional as well as growth services. Traditional services, past the operator consolidation impact and aided by efficient churn management led profitability with margins of 36.2%. On growth services, the order book for the quarter grew 17% YoY, which provides revenue visibility for the segment. The overall order book remained stable at US$1.4 billion. However, on account of continued investment in innovation services, EBITDA margins are expected to be capped in the near term. We build in 70...