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Indus Towers working with Vodafone Idea to recover dues; expects to benefit from telco's improving financial situation: Prachur Sah, MD

Indus Towers expects to benefit from Vodafone Idea's successful follow-on public offer (FPO) and improving financial situation. The telecom infrastructure company is confident it will quickly recover its backlog of past dues as Vodafone Idea kickstarts its 4G expansion and 5G rollout. Indus Towers is engaged with the customer to define the process of clearing the dues and expects tenancies to increase as the network expansion activities progress. The positive development around Vi's fundraising is expected to clear the past dues and provide growth opportunities for Indus Towers.

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