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Expect near 100% monthly payment to continue from Vodafone Idea, says Indus Towers, ET Telecom

Speaking at the company’s fiscal second quarter earnings call Thursday, Indus Towers chief executive Prachur Sah said the company has not written off any receivable from Vi and expects near 100% payment to continue going forward. Indus’s receivables increased by Rs 880 crore during the July-September quarter due to delay in payment by the cash-strapped operator but the amount has been cleared in October. ....

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Haven't written off receivables from Vodafone Idea: Indus Towers

Indus Towers, during its fiscal second-quarter earnings call, announced that it has been receiving monthly payments from Vodafone Idea (Vi). The tower infrastructure company is also engaged in discussions with Vi to recover past dues while closely monitoring Vi s fundraising efforts. Indus Towers reported negative free cash flow (FCF) for the second consecutive quarter. ....

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