With the slowdown in telecom space :
• Client Aircel filed for bankruptcy before the NCLT
• Due to which company would lose all 23, 727 of Aircel's tenancies
• Tenancies likely to close at 26,639 as on March 31, 2018 against 51,587 as of December 2017.
• Overdue of Rs 384 cr towards infrastructure provisioning fees
• Recoverable from Aircel remainder of the contractual term would be Rs 12,791 cr
• Company and its lenders initiated strategic debt restructuring (SDR) scheme
• Impact on OME Business
Financial outlook (revised)
• Tenancy 26,639 versus 55,000
• Revenue Rs 2,267 cr v/s Rs 2,600 cr
• EBITDA Rs 1,350 cr v/s Rs 978 cr
Stocks is trading Fresh 52 Week Low 3.15
No comments:
Post a Comment