fell 20bps qoq due to higher employee and rental expenses. Lowerthanexpected energy spreadledtoanegativesurpriseonEBITDAandloweroperatingmargins.Tenancyaddition of1,366waslowestinthelastthreeyearsandwasimpactedbytheexitofVideoconina couple of circles. However, tenancy from incumbents continues at a steady rate, implying thatdatarolloutishappeningatanacceleratedpace.Themanagementhasindicatedthat the capital expenditure forthe telecom sector is risingdue to aggressive 3G/4G rollouts ...