Key Points
New Delhi: Indias leading tower company Indus Towers expects that Vodafone Idea will pay its entire past dues amounting to around Rs 5,700 crore soon with the latter securing funding..
Asked about Vodafone Idea (VIL) fundraising plans and what it means for Indus Towers, Prachur Sah, Managing Director & CEO, Indus Towers told ET, We are pleased to see the positive developments on Vodafone Ideas fundraise and expect that VIL will clear over-dues of Indus in its entirety...
Assuming all the (new) tenancies are set up on its existing towers by FY26, then Indus would deliver a tower/tenancy CAGR of 6%/7% over FY24-27 and FCF (free cash flow) generation of Rs 20 per share in FY26 with a marginally better 3% CAGR in FCF over FY27-34, Jefferies said in a research note...
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