Tenancy addition robust; future traction key monitorable On a gross basis, Indus added 5024 tenancies while gross exits were 896. Consequently, net addition of 4128 co-locations was reported, which is robust. The tower addition at ~3715 was also robust, led by both capacity/coverage expansions of telcos. We note that while Indus is hoping for continued healthy traction riding on network transformation due to data usage explosion, we would monitor tenancy addition ahead, with Airtel being the only tenant expanding at healthy pace. While Vodafone...