ICRA revises telecom tower industry outlook to stable from negative

The Credit rating agency ICRA has revised the outlook for India’s telecom tower industry from ‘Negative’ to ‘Stable’. This comes after a steady improvement in payments from telecom companies, which has helped reduce delays in receiving dues.

Earlier, the industry was facing problems due to delayed payments by some telecom operators. This caused cash flow issues for tower companies. Now, timely payments and clearance of old dues have brought relief.