Page 3 - Vodafone Indus Towers

Indus Towers' macro tower installations grow by 6.3% to reach 200,000 units

Telecom infrastructure major Indus Towers on Friday said its macro tower installations grew by 6.3 per cent year-on-year to achieve the milestone of 2 lakh units across all 22 telecom circles in India as of date. The company had reported an installed tower base of 1,98,284 at the end of the June 2023 quarter. "Indus Towers Limited, India's largest telecom tower company and one of the largest in the world, announces reaching a milestone of 200,000 macro towers spread across all 22 telecom circles in India as on date," the company said in a statement. Macro towers are used for providing mobile phone coverage to large areas. "As operators accelerate their 5G rollouts and drive network expansion, Indus Towers is actively matching their pace to seize the burgeoning growth opportunities and establish enduring value for the long term with sustainability at its core," Indus Towers MD and CEO Prachur Sah said. The company shared that macro towers installation grew at the rate of 6.3 per ce

Indus Towers Q1 results: Net profit jumps 182% to Rs 1,348 crore

Quarterly tower additions stood at their highest levels ever at 5048

Indus Towers Q1FY24 results: Net profit jumps 182% YoY to Rs 1350.9 cr

The revenue from operations for Q1FY24 came in at Rs 7,075.9 crore, compared to Rs 6,897.3 crore year-on-year

Received 'significant part' of Q4 dues from Vodafone Idea: Indus Towers

Vi had submitted a payment plan approved by the tower company's board in October 2022

Indus Towers' net profit declines 23% to Rs 1,399 cr in March quarter

Telecom infrastructure company Indus Towers on Wednesday reported a 23 per cent drop in consolidated net profit of Rs 1,399 crore for the fourth quarter ended March 2023. The net profit was Rs 1,829 crore in the year-ago period. Seen on a full-year basis, the net profit tanked 68 per cent for FY23, with the company stating that the "financial performance reflects collection challenges from a major customer". Meanwhile, Indus Towers' revenue for the March quarter (Q4FY23) stood at Rs 6,753 crore, a decline of five per cent over Q4 FY22. Consolidated earnings before interest, taxes, depreciation, and amortisation or EBITDA was pegged at Rs 3,447 crore, down 15 per cent year-on-year and representing an operating margin of 51 per cent. "The financials of Q4 2021-22 included a one-time positive impact of Rs 547 crore on account of deferred recognition of revenue from past settlements. In 2022-23, the company adhered to prudent accounting practices and reflected the stress on its ...

Aditya Birla Group looking to raise funds for Vi at promoter level: Report

The group is reportedly looking to raise long-term debt for ailing telco Vodafone Idea (Vi) and use preferential share allotment as the route

Vodafone Idea, Indus Towers shares skyrocket on govt's stake move

Stake issuance coupled with potential capital infusion by promoters should help Vi clear pending dues and invest in 5G; Indus Towers' receivables set to reduce

Government to convert Vodafone Idea's dues into equity; stock zooms 24%

Shares of Indus Towers, too, surged 15 per cent to Rs 164.80 on the BSE

No new payment plan from Vodafone Idea, situation dynamic: Indus Towers

A significant part of the payment for Oct-Dec has been cleared by Vi, but instalment for January remains unpaid

Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3

The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.

Indus Towers makes Rs 2,298-crore provision for Vodafone Idea receivables

Firm reports loss of Rs 708 crore in Q3; in Q2 it had recorded a profit of Rs 872 crore

Indus Towers hits 52-week low in firm market; slips 10% in one month

Analysts at BNP Paribas believe an improvement in long-term revenue visibility from Vodafone Idea can result in further increase in earnings estimates as well as valuation multiple of Indus Towers

Vodafone Idea approaches banks for loans worth Rs 7,000 crore: Report

The lenders have, however, sought clarity from the telco on the Government's potential shareholding and its plans to infuse capital in Vi

Promoters unwilling to infuse capital in Vi, govt stake unviable: Report

The promoters are willing to infuse Rs 2,000-3,000 crore but it is too less to revive the company

Indus Towers revises report, drops para on govt stake in Vodafone Idea

Tower installation firm had said conversion of interest into equity stake for the government can be decided only after telecom company's stock price improves

Govt equity in Vodafone Idea hinges on stock recovery: Indus Towers

Any equity infusion cannot be below par value, says Indus Towers in its Q2 report

Indus Towers accepts Vodafone Idea's payment plan for its dues

Indus Towers posted a net profit of Rs 872 crore in the second quarter of the fiscal year (FY2023) on a revenue of Rs 7,967 crore

Discussions on with Indus Towers for softer payment terms, says Vi

This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.

Vi to lose access to towers if it fails to clear dues, says Indus Towers

Vodafone Idea's (Vi) total tower dues exceed Rs 10,000 crore. Out of this, Rs 7,000 crore is owed to Indus Towers alone

Vi facing troubles in finalising 5G deals, vendors want advance payment

Vi owes Rs 1,000 cr to Ericsson, Rs 3,000 cr to Nokia, Rs 7,000 cr to Indus Towers, and Rs 2,000 cr to American Tower Company (ATC)