Fitch: Stable view for Asia-Pacific telecom

Fitch Ratings said in a new report that the 2010 outlook for the overall Asia-Pacific telecom sector remains stable.

Most operators will be able to continue to weather any adverse economic conditions and maintain their credit profiles thanks to robust liquidity, low gearing and strong free cash flow generation, Fitch said.

Although competitive factors may drive revenue growth and margins lower in 2010, curtailed capital expenditure budgets are likely to result in higher free cash flow generation for the average Asia-Pacific telecom operator, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.