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Asia Pacific telecoms on course for muted growth, 5G delays: Fitch

However, credit risk remains manageable, reflecting the sector's resilience during the coronavirus pandemic

Telecom, Telecom sector
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A majority of the 20 companies in our portfolio are on stable outlook with only six on the negative outlook of which half have close links with parents or are sovereign-support driven

ANI
The average revenue growth for Asia Pacific telecom sector will be flat to low-single-digit this year (2019
However, credit risk remains manageable, reflecting the sector's resilience during the coronavirus pandemic.
A majority of the 20 companies in our portfolio are on stable outlook with only six on the negative outlook of which half have close links with parents or are sovereign-support driven.
"We expect companies to manage balance-sheet strength through cost-cutting and capex management including delaying 5G capex and reducing dividends," said Fitch in a report titled 'What Investors Want to Know: Coronavirus Impact on Asia Pacific Telecoms.'

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First Published: Jun 26 2020 | 12:45 PM IST

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