Thursday, 29 October 2020

OTE, eircom most exposed of Euro telcos to refinancing risk – Moody's

By Mary Lennighan, Total Telecom
Tuesday 22 November 11

Europe's big five account for 75% of annual debt maturities in telco sector, but are unlikely to have to tap credit markets in next year due to strong cash flows and bank back-up facilities.

Despite the current economic situation, European telecoms operators are on balance well-positioned to address their refinancing requirements for the next four years, according to Moody's. However, some are more exposed to risk in this area than others. Greek incumbent OTE and Ireland's eircom both have relatively short debt maturity profiles and will faces greater challenges in their refinancing efforts than their peers…

Despite the current economic situation, European telecoms operators are on balance well-positioned to address their refinancing requirements for the next four years, according to Moody's. However, some are more exposed to risk in this area than others. Greek incumbent OTE and Ireland's eircom both have relatively short debt maturity profiles and will faces greater challenges in their refinancing efforts than their peers…

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