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Newer Sri Lanka telecom firms face higher risks, says Fitch

StockMarketWire.com

The 2013 outlook for incumbent Sri Lankan telecommunications companies is stable, but that for smaller operators is negative, according to a new report by Fitch Ratings.

Corporates rating team vice-president Hasira De Silva said: "The industry as a whole will benefit from growing demand across most product segments.

"However the credit profiles of newer entrants are likely to be disproportionately affected by high capex required to improve capacity, as well as high marketing costs.".

The report highlights Fitch's views on increasing demand, high capex and infrastructure sharing, profitability pressures as well as regulatory and M&A risks.

The report, '2013 Outlook: Sri Lanka Telecommunication Services - Increasing Demand, High Capex', is available at www.fitchratings.com

Story provided by StockMarketWire.com