Bharti Infratel continued to report a muted operating performance. Revenues (on a proportionate consolidation basis) came in at | 3673 crore, up 1% QoQ. Core rental revenues were at | 2283 crore, up 2% QoQ, driven by extended occupation of exiting tenants (~2798 collocations where actual exits yet to happen despite exit notice). Furthermore, it should be noted that underlying Q3FY20 revenue growth was weak and reported numbers are higher on account of exit penalty (| 105.3 crore) and Ind-AS 116 adoption (rent equalisation of | 70.5 crore). The company reported net increase of 744...