Tower sales to cut tel­cos' Rs 90,000-cr debt

India Business Journal - - NEWS ROUND-UP -

The tele­com in­dus­try could pare as much as Rs 90,000 crore of debt if the stake sale deals of mo­bile tower assets cur­rently be­ing dis­cussed ma­te­ri­alise, ICRA has said. The credit rat­ing agency has pro­jected that the tower in­dus­try may un­dergo struc­tural and ma­te­rial changes in the medium term. With around 4 lakh tow­ers and 8 lakh ten­an­cies, the tele­com tower seg­ment is a size­able one in the world, it adds. ICRA points out that one of the key de­vel­op­ments in the tower in­dus­try will be a change in own­er­ship from tele­com op­er­a­tors to in­de­pen­dent play­ers.

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