Indus Towers recovers more Vi past dues, but new payment plan yet to be agreed
Q1 FY24–25: Indus Towers got a boost to profitability and free cash flow from debt-laden key client Vi and fellow Vodafone-affiliate continuing to pay down outstanding bills.
Available to TelcoTitans and Vodafonewatch subscribers. Sign in, subscribe now or contact us for more details. This article includes:
- Organisations: ATC India; Bharti Airtel; Brookfield Asset Management; Ericsson; Indus Towers; Nokia; Vodafone Group; Vi.
- Geographic: India.
- People: Harsadh Kumar; Prachur Sah; Vikas Poddar.
- Themes: 4G; 5G; Capital expenditure; Colocation; Debt funding; Debtors; Earnings before interest, taxes, depreciation, and amortisation (EBITDA); Energy; Equity fundraise; Financial performance; Follow-on public offering; Free cash flow; fundraising; Impaired investment; Joint venture; Lenders; Management; Mobile network operator (MNO); Network equipment suppliers (NEP); Network expansion; Payment plan; Repayment; Revenue; Tenancy rate; Tower additions; TowerCo.
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