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United Kingdom

India's Idea Cellular says open to monetising tower assets


Monday, 13 Feb 2017 

India's Idea Cellular exec says: With arrival of the new entrant, Indian telecom sector will consolidate . Hopeful that data revenues will increase as subscribers migrate from voice to data . Looking to refinance higher cost borrowings on our balance sheet . Taking longer to bring customers to use paid 4G services due to free offering from new entrants . New entrant's growth has peaked and has slowed down from November . Working on cost optimisation on network front to reduce OPEX cost . Discussing a long-term deal with Vodafone, need to tread a very cautious path while signing these agreements . Open to monetising both our own towers as also our stake in Indus towers Further company coverage: [IDEA.NS] (Reporting By Promit Mukherjee and Swati Bhat) ((swati.bhat@thomsonreuters.com;)).