\n
\nBids from builders like Hiranandani and Godrej Properties have been received to build the complex, according to people close to the ongoing discussions. The domestic lenders are also expected to get paid out from sale of assets as part of a larger debt restructuring package that is being worked upon.
\n
\n“The Chinese banks are actively looking to settle dues through the land transaction,” said a person familiar with the transaction. He further explained that following an insolvency filing against Reliance Communications, the negotiations had intensified and a settlement was likely so as not to derail the structured debt restructuring (SDR) Rcom is currently undergoing with domestic lenders.
\n
\nMails to CDB, Rcom, and Hiranandani weren’t answered till this went to print. Godrej Properties declined comment. Under the SDR which must be resolved by December end, Rcom has also received non-binding bids from Reliance Jio Infocomm and Bharti Airtel, said another person. Jio has bid for all of the India assets of Rcom.
\n
\nThe bids include Rs 10,000 crore for towers, optic fibre, network operating centre and data centres a well as Rs 8,000 crore for spectrum, including Rs 7,000 crore which are due to the government on milestones in the future (deferred spectrum).
\n
\nThe financing of this acquisition will be through long term debt issued by the current lenders of Rcom to RJio. Reliance Jio’s estimated tower rentals to RCom over the life of the asset, according to the contract it has already entered into in 2013, is estimated at Rs 6,000 crore. “It makes sense to acquire everything given Jio will spend this money in rentals over the next 10 years,” said one of the people quoted earlier.
\n
\nAs for the international assets, Bharti Airtel has placed a bid of $1.2 billion (approximately Rs 7,600 crore) for the undersea cables and enterprise business of Rcom. The unit, called Global Cloud Xchange, has operating income of around Rs 1,000 crore, said one of the people. The funding for Bharti, like Jio will come in the form of long term debt from current lenders, he said. Credit Suisse has been mandated to sell the asset which RCom had unsuccesfully tried to divest many times before.
\n
\nALSO READ: Reliance Communications bondholders organize after default<\/a><\/strong>
\n
\nAirtel and Jio didn’t respond to ET’s query till the time this went to print. Apart from this, around Rs 7,100 crore of debt will be converted by lenders into shares, said one of the people. The remaining debt will continue in Reliance Communications that will run a virtual 4G network and own some more real-estate assets such as the Delhi Head quarter of the company, he added.
\n
\nOf the company's total net debt of Rs 45,000 crore, nearly Rs 5,000 crore comprises vendor payments. “At the moment it seems none of the vendors will be paid,” said another person close to matters. Rcom has successfully frustrated insolvency petitions of the vendors and they have no other recourse to recover, he added. “Preferential treatment would be given to financial lenders in any case.”
\n
\nReliance Communications has in the past tried to spin off the real-estate arm for debt reduction. The company sold some flats in 2013 and tied up with Chinese real estate developer Dalian Wanda Group. The JV has since fallen into disuse, said a person close to Rcom. The RcoM stock continued its rally on Thursday after surging 36% a day before, up 4.05% largely on news of 2G acquittal.
\n<\/body>","next_sibling":[{"msid":62202847,"title":"Sling Media India to play a key role in DISH Network's 5G future","entity_type":"ARTICLE","link":"\/news\/sling-media-india-to-play-a-key-role-in-dish-networks-5g-future\/62202847","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":62202886,"entity_type":"ARTICLE","title":"Chinese lenders may take 70% in RCom's Dhirubhai Ambani Knowledge City","synopsis":"Bids from builders like Hiranandani and Godrej Properties have been received to build the complex, according to people close to the ongoing discussions.","titleseo":"telecomnews\/chinese-lenders-may-take-70-in-rcoms-dhirubhai-ambani-knowledge-city","status":"ACTIVE","authors":[{"author_name":"Deepali Gupta","author_link":"\/author\/479219003\/deepali-gupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479219003.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479219003,"author_name":"Deepali Gupta","author_seo_name":"deepali-gupta","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-12-22 09:10:40","lastupd":"2017-12-22 09:13:03","breadcrumbTags":["DAKC","Chinese lenders","China Development Bank","RCom","industry","Dhirubhai Ambani Knowledge City"],"secinfo":{"seolocation":"telecomnews\/chinese-lenders-may-take-70-in-rcoms-dhirubhai-ambani-knowledge-city"}}" data-authors="[" deepali gupta"]" data-category-name="" data-category_id="" data-date="2017-12-22" data-index="article_1">
孟买:中国国家开发银行,以及其他中国的银行,这对申请破产信实电信上个月,后期谈判开发的70%迪路拜·安巴尼知识城市(DAKC在纳孟买。银行将另外支付建筑合同。
投标等建筑商Hiranandani和高德瑞治属性已收到构建复杂,据知情人士透露,正在进行的讨论。国内银行也将得到报酬从出售资产作为债务重组计划的一部分,正在工作。
“中国银行正在积极寻求解决费通过土地交易,”一位知情人士说,交易。他进一步解释说,针对Reliance Communications的破产申请后,谈判有强化和结算可能是为了不破坏结构化债务重组(SDR) Rcom目前正在与国内银行。
寄到国开行、Rcom Hiranandani没有回答到这去打印。高德瑞治属性拒绝置评。在特别提款权必须解决在12月结束,也非约束性报价收到Rcom依赖Jio Infocomm Bharti Airtel,另一个人说。Jio收购所有的印度信实电信的资产。
塔的报价包括10000卢比,光纤,网络操作中心和数据中心以及8000卢比的光谱,包括7000卢比是由于政府未来的里程碑(延迟谱)。
此次收购的资金将通过发行长期债券的当前银行Rcom RJio。依赖Jio估计大厦租赁的生活RCom资产,根据合同已经进入2013年,估计6000卢比。”是有意义的获得一切Jio会花这钱租赁在未来10年,“早些时候援引的一个人说。
至于国际资产,Bharti Airtel放置一个出价12亿美元(约7600卢比)的海底电缆和信实电信企业业务。换单位,称为全球云,营业收入约为1000卢比,说的一个人。Bharti的资金,比如Jio会从当前银行长期债务的形式,他说。瑞士信贷(Credit Suisse)已被授权出售资产的人士同成功人士区分开来曾试图剥离RCom很多次了。
还读:Reliance Communications债券持有人组织后违约
Airtel和Jio没有回复等的查询到时间去打印。除此之外,大约7100卢比的债务将由银行转换成股票,说的一个人。剩余的债务将继续信实电信将运行一个虚拟的4 g网络,自己的一些房地产等资产的新德里总部公司,他补充说。
公司的总净负债45000卢比,近5000卢比由供应商支付。“目前似乎没有一个供应商支付,”另一位知情人士说。成功地挫败Rcom破产请愿他们没有其他的供应商和求助于恢复,他补充说。“优惠待遇会给金融贷款机构在任何情况下。”
Reliance Communications过去试图剥离债务削减的房地产部门。该公司出售一些公寓,2013年与中国房地产开发商大连万达集团。合资以来,就备受Rcom的一位知情人士说。信实电信股票周四大涨36%后继续反弹的前一天,很大程度上增长4.05% 2 g无罪释放的消息。乐动扑克
投标等建筑商Hiranandani和高德瑞治属性已收到构建复杂,据知情人士透露,正在进行的讨论。国内银行也将得到报酬从出售资产作为债务重组计划的一部分,正在工作。
“中国银行正在积极寻求解决费通过土地交易,”一位知情人士说,交易。他进一步解释说,针对Reliance Communications的破产申请后,谈判有强化和结算可能是为了不破坏结构化债务重组(SDR) Rcom目前正在与国内银行。
寄到国开行、Rcom Hiranandani没有回答到这去打印。高德瑞治属性拒绝置评。在特别提款权必须解决在12月结束,也非约束性报价收到Rcom依赖Jio Infocomm Bharti Airtel,另一个人说。Jio收购所有的印度信实电信的资产。
塔的报价包括10000卢比,光纤,网络操作中心和数据中心以及8000卢比的光谱,包括7000卢比是由于政府未来的里程碑(延迟谱)。
此次收购的资金将通过发行长期债券的当前银行Rcom RJio。依赖Jio估计大厦租赁的生活RCom资产,根据合同已经进入2013年,估计6000卢比。”是有意义的获得一切Jio会花这钱租赁在未来10年,“早些时候援引的一个人说。
至于国际资产,Bharti Airtel放置一个出价12亿美元(约7600卢比)的海底电缆和信实电信企业业务。换单位,称为全球云,营业收入约为1000卢比,说的一个人。Bharti的资金,比如Jio会从当前银行长期债务的形式,他说。瑞士信贷(Credit Suisse)已被授权出售资产的人士同成功人士区分开来曾试图剥离RCom很多次了。
还读:Reliance Communications债券持有人组织后违约
Airtel和Jio没有回复等的查询到时间去打印。除此之外,大约7100卢比的债务将由银行转换成股票,说的一个人。剩余的债务将继续信实电信将运行一个虚拟的4 g网络,自己的一些房地产等资产的新德里总部公司,他补充说。
公司的总净负债45000卢比,近5000卢比由供应商支付。“目前似乎没有一个供应商支付,”另一位知情人士说。成功地挫败Rcom破产请愿他们没有其他的供应商和求助于恢复,他补充说。“优惠待遇会给金融贷款机构在任何情况下。”
Reliance Communications过去试图剥离债务削减的房地产部门。该公司出售一些公寓,2013年与中国房地产开发商大连万达集团。合资以来,就备受Rcom的一位知情人士说。信实电信股票周四大涨36%后继续反弹的前一天,很大程度上增长4.05% 2 g无罪释放的消息。乐动扑克
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