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Idea Cellular could get relief from tower sale

High spending on data rollout, cut-throat competition, big debt leave Idea with tough choices

Ram Prasad Sahu 

Idea Cellular stock was up 4.4 per cent on Tuesday after reports that the company wants to sell its telecom tower portfolio for $1 billion or just under Rs 6,800 crore. Although there was no statement from the company on Tuesday, the management had earlier indicated it intended to "monetise" its tower assets to bring down its debt. The Street's reaction is with reason, given the pressure on the business as well as the high debt of the company. As of September, Idea Cellular Infrastructure Services had 9,772 towers, with tenancy ratio of 1.68. The ratio indicates the ...

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Idea Cellular could get relief from tower sale

High spending on data rollout, cut-throat competition, big debt leave Idea with tough choices

High spending on data rollout, cut-throat competition, big debt leave Idea with tough choices Idea Cellular stock was up 4.4 per cent on Tuesday after reports that the company wants to sell its telecom tower portfolio for $1 billion or just under Rs 6,800 crore. Although there was no statement from the company on Tuesday, the management had earlier indicated it intended to "monetise" its tower assets to bring down its debt. The Street's reaction is with reason, given the pressure on the business as well as the high debt of the company. As of September, Idea Cellular Infrastructure Services had 9,772 towers, with tenancy ratio of 1.68. The ratio indicates the ... image
Business Standard
177 22

Idea Cellular could get relief from tower sale

High spending on data rollout, cut-throat competition, big debt leave Idea with tough choices

Idea Cellular stock was up 4.4 per cent on Tuesday after reports that the company wants to sell its telecom tower portfolio for $1 billion or just under Rs 6,800 crore. Although there was no statement from the company on Tuesday, the management had earlier indicated it intended to "monetise" its tower assets to bring down its debt. The Street's reaction is with reason, given the pressure on the business as well as the high debt of the company. As of September, Idea Cellular Infrastructure Services had 9,772 towers, with tenancy ratio of 1.68. The ratio indicates the ...

image
Business Standard
177 22