Vodafonewatch

Indus Towers recovers more Vi past dues, but new payment plan yet to be agreed

2024-08-07T11:10:00

vfw230-tt-indus towers q1

Source: Harsadh Kumar / Unsplash

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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