Most Asian Telcos To Come Under Pressure Next Year, Says Fitch Ratings
KUALA LUMPUR, Nov 14 (Bernama) — Fiercer competition and rising capital expenditure (capex) needs will put pressure on the credit profiles of most Asian telcos over the next year, says Fitch Ratings.
The rating agency said it had a negative outlook on the telecoms sectors in India, Singapore, Malaysia, Thailand and the Philippines. However, South Korea, Indonesia, China and Sri Lanka are all on stable outlook.
In a statement here today, Fitch said competition is likely to intensify in India, Singapore and Malaysia, with new entrants poised to offer cheaper tariffs to poach customers from incumbents…..