Indus Towers to Issue Dividend as Vi Payments Comes

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indus towers to issue dividend as vi

Vodafone Idea Limited (VIL), the third-largest telecom operator in the country is expected to pay out dividends to investors after the FY25 results. The tower company had been facing issues because of the non-payment of previous dues by Vodafone Idea (Vi). However, in Q4 FY25, these payments were cleared by Vi and it has given a substantial boost to Indus’s free cash flow (FCF). Now Indus Towers wants to grow aggressively by participating in the customer rollouts across India. Whether it is adding new towers or adding tenancies on the existing towers, Indus is open to both and looking to grow fast.

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The free cash flow for Indus reached Rs 3,872.6 crore after the payment from Vodafone Idea (Vi) came throough in the last quarter. Indus got a total of Rs 5,100 crore from Vodafone Idea in the previous fiscal as part of the backlogged dues. In comparison, for the same quarter last year, Indus had a free cash flow of just Rs 332.8 crore. Now the company is in a position to issue dividends.

How much is the dividend is something we will know in the future. Prachur Shah, CEO of Indus Towers said, “Given that now we have the backlog issue behind us, the strategy includes aggressively pursuing market share through both organic and inorganic roots as demonstrated by our acquisition of towers.”