May 19, 2025 12:33 PM
ICRA revises outlook for Indian telecom tower industry to ‘Stable’ on improved liquidity and timely collections
Credit rating agency ICRA has revised the outlook for the Indian telecom tower industry to 'Stable' from 'Negative', following consistent, timely payments from telecom service providers and the clearance' of past dues. The industry had previously been under pressure due to delayed payments, which resulted in elongated receivable cycles and liquidity challenges for tower companies. However, ICRA noted a significant improvement in the payment cycle, with receivable days now reduced to around 45...