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Telcos eye boost as sector improves
Mint Mumbai
|November 30, 2024
Fitch Ratings expects telcos to focus on profitability and 5G monetization to boost free cash flow
Fitch Ratings has said the Indian telecom sector is improving on the back of rational competition and moderating capex, and that it expects telecom companies to now focus on profitability and 5G monetization to boost free cash flow. The shift from hyper-competition and a rapid transition to 5G networks will aid in deleveraging, the agency said on Friday. This could lead to mergers and acquisitions in areas that complement carriers' existing services.
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