独家
Bharti Airtel将测试债券买家对债务削减举措的看法
这家无线运营商计划最早在10月8日发行美元永久债券。
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政府不能让沃达丰Idea的股票低于面值
印度投资和公共资产管理部(Dipam)秘书图欣·坎塔·潘迪(Tuhin Kanta Pandey)在孟买举行的预算后新闻发布会上表示，他的部门将持有这些股份。这将类似于政府在ITC和其他公司的持股，这些公司是由于UTI纾困而收购的。
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新德里:未来几天，国际债券投资者可能有机会入股印度无线运营商Bharti Airtel美国削减开支的努力债务市场迹象显示，投资者对这一举措充满热情。
这家无线运营商计划出售1美元永久债券据一位知情人士透露，该计划最早将在10月8日实施。该公司现有的2025年到期的美元纸币已反弹至104美分的三年高点，此前该公司上个月表示，计划利用该计划的收益来偿还相当一部分债务首次公开募股非洲部门。
尽管如此，投资者仍将权衡自2013年以来首次从印度流出的企业债的风险。印度三大无线运营商陷入了残酷的价格战，导致巴蒂电信(Bharti Airtel)和印度电信(Bharti Airtel)的债务不断增加，用户数量下降沃达丰的想法．暴发户的依赖Jio印度评级和研究公司表示，Infocomm一直在提供较低的数据资费，并能够利用日益激烈的竞争。
澳新银行集团(Australia & New Zealand Banking Group)信贷策略主管欧文•加利莫尔(Owen Gallimore)表示:“由于资产出售和股权融资，堕落天使风险已经降低。”“但主要风险在于，债券投资者在购买永续债的风险方面没有得到充分补偿。”
标普全球评级(S&P Global Ratings)预计，Bharti Airtel的杠杆在未来6至9个月将保持较高水平，其负面展望反映出，在此期间有三分之一的可能性会下调该公司评级。它将该公司评级为BBB-的最低投资级。今年早些时候，穆迪投资者服务公司(Moody 's Investors Service)将该公司评级降为垃圾级。
大亨苏尼尔•米塔尔(Sunil Mittal)控制的Bharti Airtel在印度完成配股，并在非洲子公司进行首次公开发行(ipo)，从而提高了现金水平，缓解了一些担忧。
这家无线运营商计划出售1美元永久债券据一位知情人士透露，该计划最早将在10月8日实施。该公司现有的2025年到期的美元纸币已反弹至104美分的三年高点，此前该公司上个月表示，计划利用该计划的收益来偿还相当一部分债务首次公开募股非洲部门。
标普全球评级(S&P Global Ratings)预计，Bharti Airtel的杠杆在未来6至9个月将保持较高水平，其负面展望反映出，在此期间有三分之一的可能性会下调该公司评级。它将该公司评级为BBB-的最低投资级。今年早些时候，穆迪投资者服务公司(Moody 's Investors Service)将该公司评级降为垃圾级。
大亨苏尼尔•米塔尔(Sunil Mittal)控制的Bharti Airtel在印度完成配股，并在非洲子公司进行首次公开发行(ipo)，从而提高了现金水平，缓解了一些担忧。
NEW DELHI: International bond investors may get a chance in coming days to weigh in on Indian wireless carrier Bharti Airtel<\/a>\u2019s efforts to pare debt<\/a>, with market signs indicating enthusiasm for the push.
The wireless carrier is planning to sell a dollar perpetual bond<\/a> -- debt with no set maturity -- as early as Oct. 8, according to a person familiar with the matter. Its existing dollar notes due 2025 have rallied to a three-year high of 104 cents, after the company said last month it plans to retire a substantial part of its debt by utilizing proceeds from the IPO<\/a> of its Africa unit.
![\"Bharti](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/figure> Still, investors will be weighing risks in what would be the first corporate dollar perpetual out of India since 2013. India\u2019s three big wireless carriers have been locked in a brutal price war, leading to mounting debts and declines in subscribers for Bharti Airtel and Vodafone Idea<\/a>. Upstart Reliance Jio<\/a> Infocomm has been offering lower data tariffs and is in position to take advantage of intensifying competition, India Ratings and Research has said.
The wireless carrier is planning to sell a dollar perpetual bond<\/a> -- debt with no set maturity -- as early as Oct. 8, according to a person familiar with the matter. Its existing dollar notes due 2025 have rallied to a three-year high of 104 cents, after the company said last month it plans to retire a substantial part of its debt by utilizing proceeds from the IPO<\/a> of its Africa unit.
<\/figure> Still, investors will be weighing risks in what would be the first corporate dollar perpetual out of India since 2013. India\u2019s three big wireless carriers have been locked in a brutal price war, leading to mounting debts and declines in subscribers for Bharti Airtel and Vodafone Idea<\/a>. Upstart Reliance Jio<\/a> Infocomm has been offering lower data tariffs and is in position to take advantage of intensifying competition, India Ratings and Research has said.<\/div><\/div>\u201cFallen angel risk has been reduced due to asset sales and equity raising,\u201d said Owen Gallimore, head of credit strategy at Australia & New Zealand Banking Group. \u201cBut the main risk is bond investors not being adequately compensated for the risks of buying into a perpetual.\u201d
S&P Global Ratings expects Bharti Airtel\u2019s leverage to remain elevated over the next six to nine months, and its negative outlook reflects a one-in-three possibility that it may downgrade the company over that period. It rates the firm at the lowest investment-grade ranking of BBB-. The company was cut to junk by Moody\u2019s Investors Service earlier this year.
Bharti Airtel, controlled by tycoon Sunil Mittal, has allayed some concerns by boosting its cash levels with the completion of a rights offering in India and with the initial public offering of its African unit.
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S&P Global Ratings expects Bharti Airtel\u2019s leverage to remain elevated over the next six to nine months, and its negative outlook reflects a one-in-three possibility that it may downgrade the company over that period. It rates the firm at the lowest investment-grade ranking of BBB-. The company was cut to junk by Moody\u2019s Investors Service earlier this year.
Bharti Airtel, controlled by tycoon Sunil Mittal, has allayed some concerns by boosting its cash levels with the completion of a rights offering in India and with the initial public offering of its African unit.
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Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"13.0","minfoseo":"13-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1570176330824","minfoseo":"1570176330824"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"1956067522","minfoseo":"1956067522"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"OriginalImageHeightPx":{"minfo":"900.0","minfoseo":"900-0"},"OriginalImageWidthPx":{"minfo":"1200.0","minfoseo":"1200-0"},"NumberOfCharacters":{"minfo":"1899.0","minfoseo":"1899-0"},"NumberOfWords":{"minfo":"317.0","minfoseo":"317-0"},"key":[{"keyid":"6354287","value":"bharti airtel","smid":"0","keynameseo":"bharti-airtel","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"593790","value":"perpetual bond","smid":"0","keynameseo":"perpetual-bond","keytype":"","keycount":"totalcount","weightage":"80"},{"keyid":"6354763","value":"ipo","smid":"0","keynameseo":"ipo","keytype":"","keycount":"totalcount","weightage":"60"},{"keyid":"44647","value":"debt","smid":"0","keynameseo":"debt","keytype":"","keycount":"totalcount","weightage":"40"},{"keyid":"1553175","value":"Vodafone Idea","smid":"0","keynameseo":"Vodafone-Idea","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"2003276","value":"Jio","smid":"0","keynameseo":"Jio","keytype":"","keycount":"totalcount","weightage":"20"}],"authorsplit":[],"similarlytagged":[{"msid":"97693489","stname":"Bharti Airtel Q3 net profit up 91.5% on-yr to Rs 1,588 cr","artsyn":"India\u2019s second-largest telco, though, posted a net profit of Rs 1,588 crore, which is almost 25.96% lower than in the fiscal second quarter, FY23. 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The company said customers with 5G-enabled devices would enjoy hi-speed Airtel 5G Plus network at no extra cost until the roll-out is more widespread.","seolocation":"telecomnews\/airtel-5g-services-live-in-two-cities-of-chhattisgarh","seolocationalt":"Airtel 5G services live in two cities of Chhattisgarh","url_seo":"airtel-5g-services-live-in-two-cities-of-chhattisgarh"},{"msid":"97672877","stname":"Government expects Vodafone Idea to begin 5G rollout to meet licence obligations","artsyn":"\"We have sold the spectrum to them, and we expect them to roll out because there are minimum rollout obligations,\" telecom secretary K Rajaraman told ET when asked about Vi's pending 5G rollout. He added that the government has implemented what was approved in the reforms package, in response to a query on the equity conversion.","seolocation":"telecomnews\/government-expects-vodafone-idea-to-begin-5g-rollout-to-meet-licence-obligations","seolocationalt":"Government expects Vodafone Idea to begin 5G rollout to meet licence obligations","url_seo":"government-expects-vodafone-idea-to-begin-5g-rollout-to-meet-licence-obligations"},{"msid":"97643870","stname":"Airtel launches 5G services in 3 cities of Madhya Pradesh","artsyn":"Airtel 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the roll-out, the telecom company said, adding that customers with 5G-enabled devices will enjoy high-speed Airtel 5G Plus network at no extra cost until the roll-out is more widespread.","seolocation":"telecomnews\/airtel-launches-5g-services-in-3-cities-of-madhya-pradesh","seolocationalt":"Airtel launches 5G services in 3 cities of Madhya Pradesh","url_seo":"airtel-launches-5g-services-in-3-cities-of-madhya-pradesh"},{"msid":"97640537","stname":"Vodafone Idea partners Motorola to enable 5G access on its smartphones","artsyn":"\u201cWith the association, Motorola has successfully tested its latest and most popular smartphone models on 3350 to 3400 MHz spectrum bands on Vi 5G network in New Delhi,\u201d the telco said in a statement.","seolocation":"telecomnews\/vodafone-idea-partners-motorola-to-enable-5g-access-on-its-smartphones","seolocationalt":"Vodafone Idea partners Motorola to enable 5G access on its smartphones","url_seo":"vodafone-idea-partners-motorola-to-enable-5g-access-on-its-smartphones"},{"msid":"97638393","stname":"Vodafone Idea shares hit 20% upper circuit after govt to convert telco's dues into equity","artsyn":"Vi quickly needs to clear dues of vendors like Indus Towers and expand its existing 4G network. It also needs to finalise 5G gear supply contracts with the likes of Ericsson and Nokia for rolling out next-gen networks and stem rapid subscriber losses.","seolocation":"telecomnews\/vodafone-idea-shares-hit-20-upper-circuit-after-govt-to-convert-telcos-dues-into-equity","seolocationalt":"Vodafone Idea shares hit 20% upper circuit after govt to convert telco's dues into equity","url_seo":"vodafone-idea-shares-hit-20-upper-circuit-after-govt-to-convert-telcos-dues-into-equity"},{"msid":"97632433","stname":"View: Vodafone, a friendIn need in GoI","artsyn":"GoI, having decided to convert Vodafone Idea's accrued interest into equity, must now hold the company's joint venture partners to account over promised capital infusion. As the single-largest shareholder in the telecom company, it will have greater say in how capital raised by the promoters will be deployed to arrest subscriber erosion and speed up 5G network rollout.","seolocation":"telecomnews\/view-vodafone-a-friendin-need-in-goi","seolocationalt":"View: Vodafone, a friendIn need in GoI","url_seo":"view-vodafone-a-friendin-need-in-goi"},{"msid":"97619714","stname":"5G service launched in Itanagar","artsyn":"Khandu termed the launch of 5G service in the state capital, as the beginning of a revolution in the use of digital services in the fields of education, healthcare, agriculture and public service delivery.","seolocation":"telecomnews\/5g-service-launched-in-itanagar","seolocationalt":"5G service launched in Itanagar","url_seo":"5g-service-launched-in-itanagar"},{"msid":"97617396","stname":"Bharti Airtel acquires 23 pc stake in Indus Towers held by subsidiary Nettle Infra","artsyn":"Bharti Airtel has acquired the 23.01 per cent stake of Indus Towers from Nettle to directly own 47.95 per cent in the mobile tower firm.","seolocation":"telecomnews\/bharti-airtel-acquires-23-pc-stake-in-indus-towers-held-by-subsidiary-nettle-infra","seolocationalt":"Bharti Airtel acquires 23 pc stake in Indus Towers held by subsidiary Nettle Infra","url_seo":"bharti-airtel-acquires-23-pc-stake-in-indus-towers-held-by-subsidiary-nettle-infra"},{"msid":"97605033","stname":"Telecom Diary: Will budgetary push propel 5G development in India?","artsyn":"The 5G labs will realise a new range of opportunities, business models and employment potential. \"The labs will cover, among others, applications such as smart classrooms, precision farming, intelligent transport systems and healthcare applications,\u201d Finance Minister Nirmala Sitharaman announced in the Union Budget for 2023-24. The government will also set up three Centers of Excellence (CoEs) for artificial intelligence (AI) in top educational institutions to enable vision of Make AI in India and Make AI Work for India.","seolocation":"telecomnews\/telecom-diary-will-budgetary-push-propel-5g-development-in-india","seolocationalt":"Telecom Diary: Will budgetary push propel 5G development in India?","url_seo":"telecom-diary-will-budgetary-push-propel-5g-development-in-india"},{"msid":"97597019","stname":"Reliance Jio seeks Chandigarh MC nod to lay cables underground","artsyn":"\u201cThe company is initially looking to lay down cables in 70km-80km of area, which can be later extended. Fastway has sought permission in more area. The work is based on paper work. The process is being carried out by keeping the laid down norms, fee and other aspects,\u201d sources said.","seolocation":"telecomnews\/reliance-jio-seeks-chandigarh-mc-nod-to-lay-cables-underground","seolocationalt":"Reliance Jio seeks Chandigarh MC nod to lay cables underground","url_seo":"reliance-jio-seeks-chandigarh-mc-nod-to-lay-cables-underground"},{"msid":"97585959","stname":"Broadband definition of minimum download speed raised to 2 Mbps","artsyn":"\"In supersession of the definition of broadband issued vide notification dated July 18, 2013 and after consideration of the recommendation of the Telecom Regulatory Authority of India (TRAI), the Central Government hereby revise the definition of broadband as follows...,\" the notification said.","seolocation":"telecomnews\/broadband-definition-of-minimum-download-speed-raised-to-2-mbps","seolocationalt":"Broadband definition of minimum download speed raised to 2 Mbps","url_seo":"broadband-definition-of-minimum-download-speed-raised-to-2-mbps"},{"msid":"97584663","stname":"DoT's SUC mop-up down nearly 30% on-qtr in Q2FY23: Trai","artsyn":"The government\u2019s licence fee collections, though, rose 1.6% on-quarter to Rs 4,921 crore in July-September, latest operator performance data put out by the Telecom Regulatory Authority of India (Trai) showed Friday.","seolocation":"telecomnews\/dots-suc-mop-up-down-nearly-30-on-qtr-in-q2fy23-trai","seolocationalt":"DoT's SUC mop-up down nearly 30% on-qtr in Q2FY23: Trai","url_seo":"dots-suc-mop-up-down-nearly-30-on-qtr-in-q2fy23-trai"},{"msid":"97572968","stname":"Airtel launches 5G Plus services in three more cities of Kerala","artsyn":"Airtel in a statement said that its 5G Plus services will be available to customers in a phased manner as the company continues to construct its network and complete the roll out.","seolocation":"telecomnews\/airtel-launches-5g-plus-services-in-three-more-cities-of-kerala","seolocationalt":"Airtel launches 5G Plus services in three more cities of Kerala","url_seo":"airtel-launches-5g-plus-services-in-three-more-cities-of-kerala"},{"msid":"97554027","stname":"Trai to meet telcos on Feb 17 on sevice quality, pesky calls, messages","artsyn":"The carriers are expected to follow the standards laid down in the \u2018Standards of Quality of Service of Basic Telephone Service (wireline) and Cellular Mobile Telephone Service Regulations 2009\u2019 as amended from time to time, the sector regulator said in a media release.","seolocation":"telecomnews\/trai-to-meet-telcos-on-feb-17-on-sevice-quality-pesky-calls-messages","seolocationalt":"Trai to meet telcos on Feb 17 on sevice quality, pesky calls, messages","url_seo":"trai-to-meet-telcos-on-feb-17-on-sevice-quality-pesky-calls-messages"},{"msid":"97548957","stname":"Telecom reforms bring boost to industry: GSMA chief","artsyn":"\"It (reforms) has improved possibilities for the industry. Ease of doing business is really important. I believe that the government is doing to keep light-touch regulation that overtime is a right approach,\" Mats Granryd, director general of the GSM Association (GSMA) told ETTelecom.","seolocation":"telecomnews\/telecom-reforms-bring-boost-to-industry-gsma-chief","seolocationalt":"Telecom reforms bring boost to industry: GSMA chief","url_seo":"telecom-reforms-bring-boost-to-industry-gsma-chief"},{"msid":"97546830","stname":"Bharti Airtel completes amalgamation of Nettle Infrastructure, Telesonic Networks","artsyn":"\u201cBoth Nettle and Telesonic stand dissolved and amalgamated with the Company w.e.f. February 01, 2023 and all assets, liabilities, contracts, deeds, bonds and other Instruments etc. of Nettle and Telesonic stand transferred to the Company (Bharti Airtel),\u201d Bharti said in the filing.","seolocation":"telecomnews\/bharti-airtel-completes-amalgamation-of-nettle-infrastructure-telesonic-networks","seolocationalt":"Bharti Airtel completes amalgamation of Nettle Infrastructure, Telesonic Networks","url_seo":"bharti-airtel-completes-amalgamation-of-nettle-infrastructure-telesonic-networks"},{"msid":"97546274","stname":"Airtel Africa Q3 net up 7% on year","artsyn":"Airtel Africa\u2019s revenue for the quarter ended December 31 rose 11% on-year and 3.2% sequentially, to $1,350 million, the company said Thursday. Average revenue per user (ARPU) was up 2.9% from the quarter before, and 5.8% on-year to $3.1.","seolocation":"telecomnews\/airtel-africa-q3-net-up-7-on-year","seolocationalt":"Airtel Africa Q3 net up 7% on year","url_seo":"airtel-africa-q3-net-up-7-on-year"},{"msid":"97539198","stname":"Setting up labs for 5G applications, CoEs for AI \u2018progressive steps\u2019: Telecom associations","artsyn":"The associations in their response to the Union Budget 2023-24, however, expressed their dismay over the Budget not addressing their recommended measures such as reducing regulatory levies such as License Fee (LF), deferring USOF contribution till the exhaustion of existing corpus, exemption of basic customs duty (BCD) on telecom gear, the demand for an Rs 18,000-crore input tax credit refund by telecom infrastructure firms, and others.","seolocation":"telecomnews\/setting-up-labs-for-5g-applications-coes-for-ai-progressive-steps-telecom-associations","seolocationalt":"Setting up labs for 5G applications, CoEs for AI \u2018progressive steps\u2019: Telecom associations","url_seo":"setting-up-labs-for-5g-applications-coes-for-ai-progressive-steps-telecom-associations"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"6354287","value":"bharti airtel","smid":"0","keynameseo":"bharti-airtel","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"593790","value":"perpetual bond","smid":"0","keynameseo":"perpetual-bond","keytype":"","keycount":"totalcount","weightage":"80"},{"keyid":"6354763","value":"ipo","smid":"0","keynameseo":"ipo","keytype":"","keycount":"totalcount","weightage":"60"},{"keyid":"44647","value":"debt","smid":"0","keynameseo":"debt","keytype":"","keycount":"totalcount","weightage":"40"},{"keyid":"1553175","value":"Vodafone Idea","smid":"0","keynameseo":"Vodafone-Idea","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"2003276","value":"Jio","smid":"0","keynameseo":"Jio","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"perpetual bond"},{"name":"bharti airtel"},{"name":"Vodafone Idea"},{"name":"Industry"},{"name":"debt"},{"name":"ipo"},{"name":"Jio"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["bharti airtel","perpetual bond","ipo","debt","Vodafone Idea","Jio","Industry"],"filterTags":[]},"breadcrumbTags":["bharti airtel","perpetual bond","ipo","debt","Vodafone Idea","Jio","Industry"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/bharti-airtel-to-test-bond-buyer-views-on-debt-cut-push\/71435879"}" data-news-images="[{"msid":"71437930","msname":"Sunil-Mittal-","msnameseo":"sunil-mittal-","mediatype":"2","artdate":"2019-10-03 14:33:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
