独家
中国国家开发银行将扳手在Aircel-RCom合并
Aircel从中国采购设备厂商华为和中兴通讯等,这是由中国银行和国开行贷款支持。
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爱立信解雇8500名员工
而爱立信没有透露地理会影响最大,分析师此前预测,北美可能会影响最大和印度等新兴市场。
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孟买:中国国家开发银行(国开行)反对60亿美元债务缠身的电信运营商合并信实电信(RCom)和Aircel尽管监管机构包括印度的竞争委员会签署了该协议。在其国家公司法法庭(NCLT)申请周六,银行寻求债权人会议与两家公司合并之前讨论贷款结算条款。
“资产作为安全转移到中国银行,所以它有寻求贷款的协议,”一位知情人士说细节。“两家公司未偿债务,贷款人想知道谁将服务贷款的承诺。”EThas reviewed a copy of the filing. The matter comes up for hearing today (Wednesday).
Aircel从中国采购设备供应商等华为和中兴通讯,这是由中国银行和国开行贷款支持。此外,信实电信从中国的银行有超过10亿美元的贷款。按照规定,合并需要批准贷款的75%。
但信实电信,据消息人士透露,寻求豁免的理由是处理Aircel只影响股东和,虽然债务将,它不会有任何对银行的影响。
消息人士说提出的几点RCom程序性问题,所有银行都全力支持与Aircel合并的合并是实际数据和逻辑的出路在激烈的价格大战。
RCom据说已经达到了其律师的建议就如何最好地与所有银行达成共识并得到快速的合并过程。
Aircel有大约20000卢比的债务,其中14000卢比将转移到合并后的实体。Reliance Communications债务42000卢比,其中20000卢比将转移到新实体。RCom剩余的债务将是退休的11000卢比塔出售给布鲁克菲尔德或由剩余的国际分工Anil Ambani-owned提供服务的公司。
国开行申请是指早期NCLT顺序基于表示从摒弃RCom需要银行批准,中国银行反对。截至2016年9月,国开行占RCom担保债务总额的37.11%。
没有透露RCom的请愿书,国开行说银行的安全利益,和可动资产的承诺。它还质疑的焦点权利债权人将不受影响。国开行说它有权挑战拟议的合并,并没有注意到与前面的订单。
除了高杠杆,各种服务员法庭案件也激怒了银行家在北京,说官员意识到这件事。
电信塔公司ATC,鼓吹他已经从RCom法院恢复租赁。一位知情人士说鼓吹发展目前从事仲裁解决付款问题。
“塔处理布鲁克菲尔德取决于Aircel协议和承诺给随之增长,“电信塔说行业专家。“如果他们(Reliance Communications)不支付现有的租赁,安全布鲁克菲尔德的未来是什么?”
国开行和RCom没有对此事作出回应。ATC,鼓吹他拒绝置评。
银行家们焦虑Aircel马来西亚的启动子T Ananda Krishnan被认为是不愿进一步注入股本进入印度业务。今年早些时候,联邦最高法院威胁要撤销Aircel执照如果克里没有出现在下级法院对他的腐败案件。尽管已经被解雇,法院的看似积极的姿态显然是一个阻尼器,另一个人说。
模拟人生克里希南的公司拥有多数Aircel,计划投资约5.8亿美元,除了退休未偿债务一旦RCom合并交易完成。任何延迟增加了不确定性,导致用户的竞争对手是谁清理。”也引起员工的动荡…好销售人员转移到其他部门,”一位高级经理说的公司之一。
国开行被称为世界上最大的“政策银行”作为其贷款通常有一个战略目的。其议程的一个关键组成部分是安全稳定的石油和天然气,中国由于经济也通过世界各地的交易。国开行,全国最大的海外银行有超过1万亿美元的资产,其中2300亿美元是国际资产。它通常借给行业的战略利益等中国企业集团基础设施,电信和自然资源。
“资产作为安全转移到中国银行,所以它有寻求贷款的协议,”一位知情人士说细节。“两家公司未偿债务,贷款人想知道谁将服务贷款的承诺。”EThas reviewed a copy of the filing. The matter comes up for hearing today (Wednesday).
Aircel从中国采购设备供应商等华为和中兴通讯,这是由中国银行和国开行贷款支持。此外,信实电信从中国的银行有超过10亿美元的贷款。按照规定,合并需要批准贷款的75%。
消息人士说提出的几点RCom程序性问题,所有银行都全力支持与Aircel合并的合并是实际数据和逻辑的出路在激烈的价格大战。
RCom据说已经达到了其律师的建议就如何最好地与所有银行达成共识并得到快速的合并过程。
Aircel有大约20000卢比的债务,其中14000卢比将转移到合并后的实体。Reliance Communications债务42000卢比,其中20000卢比将转移到新实体。RCom剩余的债务将是退休的11000卢比塔出售给布鲁克菲尔德或由剩余的国际分工Anil Ambani-owned提供服务的公司。
国开行申请是指早期NCLT顺序基于表示从摒弃RCom需要银行批准,中国银行反对。截至2016年9月,国开行占RCom担保债务总额的37.11%。
除了高杠杆,各种服务员法庭案件也激怒了银行家在北京,说官员意识到这件事。
电信塔公司ATC,鼓吹他已经从RCom法院恢复租赁。一位知情人士说鼓吹发展目前从事仲裁解决付款问题。
“塔处理布鲁克菲尔德取决于Aircel协议和承诺给随之增长,“电信塔说行业专家。“如果他们(Reliance Communications)不支付现有的租赁,安全布鲁克菲尔德的未来是什么?”
国开行和RCom没有对此事作出回应。ATC,鼓吹他拒绝置评。
银行家们焦虑Aircel马来西亚的启动子T Ananda Krishnan被认为是不愿进一步注入股本进入印度业务。今年早些时候,联邦最高法院威胁要撤销Aircel执照如果克里没有出现在下级法院对他的腐败案件。尽管已经被解雇,法院的看似积极的姿态显然是一个阻尼器,另一个人说。
模拟人生克里希南的公司拥有多数Aircel,计划投资约5.8亿美元,除了退休未偿债务一旦RCom合并交易完成。任何延迟增加了不确定性,导致用户的竞争对手是谁清理。”也引起员工的动荡…好销售人员转移到其他部门,”一位高级经理说的公司之一。
国开行被称为世界上最大的“政策银行”作为其贷款通常有一个战略目的。其议程的一个关键组成部分是安全稳定的石油和天然气,中国由于经济也通过世界各地的交易。国开行,全国最大的海外银行有超过1万亿美元的资产,其中2300亿美元是国际资产。它通常借给行业的战略利益等中国企业集团基础设施,电信和自然资源。
MUMBAI: China Development Bank<\/a> (CDB) has objected to the $6-billion merger of debt-ridden telecom operators Reliance Communications<\/a> (RCom) and Aircel<\/a> even as regulators including the Competition Commission of India have signed off on the deal. In its National Company Law Tribunal (NCLT) filing on Saturday, the bank sought a creditors\u2019 meeting with both companies ahead of the merger to discuss loan settlement terms.
\"The assets being transferred are offered as security to the Chinese bank, so it has sought a lender\u2019s agreement,\" said a person familiar with the details. \"Both companies have outstanding debt and the lender wants to know who will service the loan commitments.\" EThas reviewed a copy of the filing. The matter comes up for hearing today (Wednesday).
Aircel had sourced equipment from Chinese vendors such as Huawei<\/a> and ZTE<\/a>, which are backed by loans from the Chinese banks like CDB. Additionally, Reliance Communications has over $1 billion in loans from Chinese banks. According to the rules, a merger needs the approval of 75 per cent of lenders.
\"The assets being transferred are offered as security to the Chinese bank, so it has sought a lender\u2019s agreement,\" said a person familiar with the details. \"Both companies have outstanding debt and the lender wants to know who will service the loan commitments.\" EThas reviewed a copy of the filing. The matter comes up for hearing today (Wednesday).
Aircel had sourced equipment from Chinese vendors such as Huawei<\/a> and ZTE<\/a>, which are backed by loans from the Chinese banks like CDB. Additionally, Reliance Communications has over $1 billion in loans from Chinese banks. According to the rules, a merger needs the approval of 75 per cent of lenders.
<\/div><\/div>But RCom, according to sources, had sought a waiver of this on the grounds that the deal with Aircel only affected shareholders and that while debt would move, it wouldn\u2019t have any impact on lenders.
Sources close to RCom said the points raised were procedural issues and all lenders were fully supportive of the merger with Aircel as consolidation is the practical and logical way forward amid a fierce data pricing war.
RCom is said to have already reached out to its lawyers for advice on how best to reach common ground with all lenders and get the merger process moving quickly.
Aircel has around Rs 20,000 crore of debt, of which Rs 14,000 crore will be transferred to the combined entity. Reliance Communications has debt of Rs 42,000 crore, of which Rs 20,000 crore will be transferred to the new entity. RCom\u2019s remaining debt will either be retired as part of the Rs 11,000 crore tower sale to Brookfield or be serviced by the remaining international division of the Anil Ambani-owned company.
![\"China](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The CDB filing refers to an earlier NCLT order based on a representation from RCom dispensing with the need to get lender approvals, which the Chinese bank has objected to. As of September 2016, CDB accounted for 37.11 per cent of RCom\u2019s total secured debt.
Sources close to RCom said the points raised were procedural issues and all lenders were fully supportive of the merger with Aircel as consolidation is the practical and logical way forward amid a fierce data pricing war.
RCom is said to have already reached out to its lawyers for advice on how best to reach common ground with all lenders and get the merger process moving quickly.
Aircel has around Rs 20,000 crore of debt, of which Rs 14,000 crore will be transferred to the combined entity. Reliance Communications has debt of Rs 42,000 crore, of which Rs 20,000 crore will be transferred to the new entity. RCom\u2019s remaining debt will either be retired as part of the Rs 11,000 crore tower sale to Brookfield or be serviced by the remaining international division of the Anil Ambani-owned company.
The CDB filing refers to an earlier NCLT order based on a representation from RCom dispensing with the need to get lender approvals, which the Chinese bank has objected to. As of September 2016, CDB accounted for 37.11 per cent of RCom\u2019s total secured debt.
<\/div><\/div>In its petition, CDB said RCom did not disclose the bank\u2019s security interest, and that movable assets were pledged to it. It also questioned the contention that the rights<\/a> of creditors will remain unaffected. CDB said it has the right to challenge the proposed merger and that it hadn\u2019t got a notice pertaining to the earlier order.
Apart from the high leverage, the various attendant court cases have also irked bankers in Beijing, said officials aware of the matter.
Telecom tower companies ATC and Bharti Infratel have moved the courts to recover rentals from RCom. A person familiar with developments said Bharti Infratel is currently engaged in arbitration to settle the payment dispute.
\"The tower deal with Brookfield hinges on the Aircel deal and the growth commitments given along with it,\" said a telecom tower industry<\/a> expert. \"If they (Reliance Communications) aren\u2019t paying for existing leases, what\u2019s to secure Brookfield\u2019s future?\"
CDB and RCom didn\u2019t respond to queries. ATC and Bharti Infratel declined to comment.
Bankers are anxious as Aircel\u2019s Malaysian promoter T Ananda Krishnan is believed to be reluctant to infuse further equity into the Indian operations. Earlier this year, the Supreme Court threatened to revoke Aircel\u2019s licence if Krishnan didn\u2019t appear in a case of corruption against him in a lower court. Even though the case has since been dismissed, the court\u2019s seemingly aggressive stance has apparently acted as a dampener, said another person.
Maxis<\/a>, Krishnan\u2019s company that owns a majority in Aircel, is scheduled to invest around $580 million, apart from retiring outstanding debt once the RCom merger transaction is completed. Any delay adds to uncertainty, causing a fall in subscribers whom competitors are mopping up. \"It is also causing unrest among staff\u2026 The good sales people are moving to other sectors,\" said a senior manager at one of the companies.
CDB is referred to as the world\u2019s largest \"policy bank\" as its loans often have a strategic purpose. A key component of its agenda is to secure a steady flow of oil and gas for China's fuel-guzzling economy through loans-for-energy deals around the world. CDB, the nation's largest overseas lender, has over $1 trillion dollars in assets, out of which $230 billion is in international assets. It typically lends to sectors that are of strategic interest to Chinese conglomerates like infrastructure, telecom and natural resources. <\/div><\/div>
Apart from the high leverage, the various attendant court cases have also irked bankers in Beijing, said officials aware of the matter.
Telecom tower companies ATC and Bharti Infratel have moved the courts to recover rentals from RCom. A person familiar with developments said Bharti Infratel is currently engaged in arbitration to settle the payment dispute.
\"The tower deal with Brookfield hinges on the Aircel deal and the growth commitments given along with it,\" said a telecom tower industry<\/a> expert. \"If they (Reliance Communications) aren\u2019t paying for existing leases, what\u2019s to secure Brookfield\u2019s future?\"
CDB and RCom didn\u2019t respond to queries. ATC and Bharti Infratel declined to comment.
Bankers are anxious as Aircel\u2019s Malaysian promoter T Ananda Krishnan is believed to be reluctant to infuse further equity into the Indian operations. Earlier this year, the Supreme Court threatened to revoke Aircel\u2019s licence if Krishnan didn\u2019t appear in a case of corruption against him in a lower court. Even though the case has since been dismissed, the court\u2019s seemingly aggressive stance has apparently acted as a dampener, said another person.
Maxis<\/a>, Krishnan\u2019s company that owns a majority in Aircel, is scheduled to invest around $580 million, apart from retiring outstanding debt once the RCom merger transaction is completed. Any delay adds to uncertainty, causing a fall in subscribers whom competitors are mopping up. \"It is also causing unrest among staff\u2026 The good sales people are moving to other sectors,\" said a senior manager at one of the companies.
CDB is referred to as the world\u2019s largest \"policy bank\" as its loans often have a strategic purpose. A key component of its agenda is to secure a steady flow of oil and gas for China's fuel-guzzling economy through loans-for-energy deals around the world. CDB, the nation's largest overseas lender, has over $1 trillion dollars in assets, out of which $230 billion is in international assets. It typically lends to sectors that are of strategic interest to Chinese conglomerates like infrastructure, telecom and natural resources. <\/div><\/div>
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At the end of 2020, ZTE and Huawei had close to 1,000 and 1,500 employees, respectively.","seolocation":"telecomnews\/huawei-zte-fail-to-keep-flock-together-as-business-takes-a-plunge","seolocationalt":"Huawei, ZTE fail to keep flock together as business takes a plunge","url_seo":"huawei-zte-fail-to-keep-flock-together-as-business-takes-a-plunge"},{"msid":"95012077","stname":"Airtel says OpenRAN strategy ready; to become a part of 5G network by 2023-end","artsyn":"The telco\u2019s initial phase of 5G network deployment is solely based on technology from traditional equipment vendors, which is considered more mature and advanced to support a large scale network.","seolocation":"telecomnews\/airtel-says-openran-strategy-ready-to-become-a-part-of-5g-network-by-2023-end","seolocationalt":"Airtel says OpenRAN strategy ready; to become a part of 5G network by 2023-end","url_seo":"airtel-says-openran-strategy-ready-to-become-a-part-of-5g-network-by-2023-end"},{"msid":"94842517","stname":"U.S. FCC set to ban approvals of new Huawei, ZTE equipment","artsyn":"FCC Chairwoman Jessica Rosenworcel last week circulated the proposed ban to the other three commissioners for final approval. 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It accused Far East Cable of 18 violations of U.S. export controls between September 2014 to January 2016.","seolocation":"telecomnews\/u-s-accuses-chinese-company-of-helping-zte-hide-business-with-iran","seolocationalt":"U.S. accuses Chinese company of helping ZTE hide business with Iran","url_seo":"u-s-accuses-chinese-company-of-helping-zte-hide-business-with-iran"},{"msid":"93265191","stname":"China's tech giants Huawei, ZTE face global setback due to security threats","artsyn":"Huawei's controversial involvement with the People's Liberation Army (PLA) and security agencies sparked protests, especially in those countries which are either capable of independently upgrading their telecommunication infrastructure, or are close allies of the former.","seolocation":"telecomnews\/chinas-tech-giants-huawei-zte-face-global-setback-due-to-security-threats","seolocationalt":"China's tech giants Huawei, ZTE face global setback due to security threats","url_seo":"chinas-tech-giants-huawei-zte-face-global-setback-due-to-security-threats"},{"msid":"92968117","stname":"Electronics companies bat for parts makers from China","artsyn":"The India Cellular and Electronics Association (ICEA) also sought \u201cimmediate payment\u201d of all incentives and dues payable to the industry under various programmes, including the production-linked incentive (PLI) scheme and other export promotion plans, in a June 23 letter to the Prime Minister's Office.","seolocation":"telecomnews\/electronics-companies-bat-for-parts-makers-from-china","seolocationalt":"Electronics companies bat for parts makers from China","url_seo":"electronics-companies-bat-for-parts-makers-from-china"},{"msid":"92911049","stname":"U.S. needs $3 bln more to remove Huawei, ZTE from U.S. networks, regulator says","artsyn":"\"To fund all reasonable and supported cost estimates..., the Reimbursement Program will require $4.98 billion, reflecting a current shortfall of $3.08 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ZTE begins layoffs","url_seo":"chinese-telecom-equipment-maker-zte-begins-layoffs"},"97903530":{"msid":"97903530","stname":"Threats emanating from Chinese telecom, surveillance equipment haunts global clients","artsyn":"Speaking recently on Australia's national broadcaster ABC, the country's Defence Minister Richard Marles revealed that Chinese-made security cameras would be removed from government buildings for fear of a breach of security.","seolocation":"telecomnews\/threats-emanating-from-chinese-telecom-surveillance-equipment-haunts-global-clients","seolocationalt":"Threats emanating from Chinese telecom, surveillance equipment haunts global clients","url_seo":"threats-emanating-from-chinese-telecom-surveillance-equipment-haunts-global-clients"},"97898815":{"msid":"97898815","stname":"In-depth: Understanding the impact of Chinese vendors' unofficial exit from India","artsyn":"Over the two decades, security concerns about the Chinese gear were raised at several points but even so the two companies managed to grow their market share. However, the Galwan Valley skirmishes between the Chinese and the Indian Army in 2020 was the tipping point. It pushed the Indian Government to ban several Chinese applications, making it difficult for Chinese companies to do business in India.","seolocation":"telecomnews\/in-depth-understanding-the-impact-of-chinese-vendors-unofficial-exit-from-india","seolocationalt":"In-depth: Understanding the impact of Chinese vendors' unofficial exit from India","url_seo":"in-depth-understanding-the-impact-of-chinese-vendors-unofficial-exit-from-india"},"97838302":{"msid":"97838302","stname":"From Huawei to TikTok, Chinese tech giants face scrutiny amid spying concerns","artsyn":"Beijing has always denied its links to any large-scale cyber attack, espionage via its tech companies or stealing users' data via its apps (like TikTok), experts warn that tensions between Washington and Beijing over technology could lead to a \"digital iron curtain\", which would compel foreign governments to decide between doing business with the US or China.","seolocation":"telecomnews\/from-huawei-to-tiktok-chinese-tech-giants-face-scrutiny-amid-spying-concerns","seolocationalt":"From Huawei to TikTok, Chinese tech giants face scrutiny amid spying concerns","url_seo":"from-huawei-to-tiktok-chinese-tech-giants-face-scrutiny-amid-spying-concerns"},"97805047":{"msid":"97805047","stname":"BSNL-ZTE Rs 1,000 crore alleged scam: Delhi HC directs BSNL to initiate departmental action against officials","artsyn":"The court's order came while disposing of a plea in which it was alleged that BSNL officials allegedly caused loss of about Rs 1,000 crore to the exchequer by releasing unauthorised payment to the subsidiary of a Chinese firm by fabricating documents.","seolocation":"telecomnews\/bsnl-zte-rs-1000-crore-alleged-scam-delhi-hc-directs-bsnl-to-initiate-departmental-action-against-officials","seolocationalt":"BSNL-ZTE Rs 1,000 crore alleged scam: Delhi HC directs BSNL to initiate departmental action against 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The companies would not be able to sell new equipment in the United States without equipment authorizations.","seolocation":"telecomnews\/u-s-fcc-set-to-ban-approvals-of-new-huawei-zte-equipment","seolocationalt":"U.S. FCC set to ban approvals of new Huawei, ZTE equipment","url_seo":"u-s-fcc-set-to-ban-approvals-of-new-huawei-zte-equipment"},"93866451":{"msid":"93866451","stname":"More western tech companies set out Russian exit plans","artsyn":"Ericsson said it will gradually withdraw from Russia over the coming months, while its Finnish rival Nokia said it also plans to exit its Russian business by the end of the year.","seolocation":"telecomnews\/more-western-tech-companies-set-out-russian-exit-plans","seolocationalt":"More western tech companies set out Russian exit plans","url_seo":"more-western-tech-companies-set-out-russian-exit-plans"},"93459301":{"msid":"93459301","stname":"U.S. accuses Chinese company of helping ZTE hide business with Iran","artsyn":"Far East Cable entered into an agreement in 2013 to buy equipment from Chinese telecommunications equipment maker ZTE Corp. and then contracted with Iranian companies to supply telecommunications equipment and parts, the Commerce Department said in a charging letter. 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