MUMBAI: Vodafone Idea<\/a>’s lenders<\/a> met Department of Telecommunications<\/a> (DoT) officials over the weekend, cautioning that invoking bank guarantees of the operator against statutory dues will lead to defaults since the telco is in no position to repay the banks. They urged the DoT to come up with a solution to retain a three-player telecom market. 电信公司已经看到一辆在第三季度收入和政府正在考虑一些措施,减轻公司的负担,但银行家和业内观察人士担心,立即敦促点采取一些措施解决该领域的问题银行敦促点不要电信边缘,想方设法留住一个3人的领域。 孟买:沃达丰的想法的银行见过电信部(点)官员上周末,警告说,调用银行担保法定会费将导致违约操作员由于电信是无力偿还银行。他们敦促想出一个解决方案的点保留个运营商电信市场。
“Lenders have informed the government that the situation is precarious as the sector is already reeling under asset quality issues. A default by Vodafone-Idea will not only require bank guarantee payments to be made to the DoT but will also be a burden on additional provisioning,” said an official who is aware of the matter.
“Bankers have requested the government to come up with a viable solution saying a three-telco model should be encouraged,” he added.
The lenders reminded the DoT that a bulk of VIL’s Rs 57,000 crore dues is supported by guarantees and if they are invoked, the banks will have to pay those to the government on behalf of the company. “Bankers told DoT that if the government invokes guarantees, VIL may not pay back (to banks),” said another person close to the matter. Vodafone Idea has said that it will close down if bank guarantees are invoked by the DoT, or if it doesn’t get any relief on its AGR dues.
The telco has so far paid only Rs 3,500 crore to DoT and according to an ET report, its self-assessment should show its dues to be around Rs 23,000 crore, of which Rs 7,000 crore is principal. Experts say the cashstrapped carrier will find it difficult to pay even its self-estimated dues in a short period of time.
These meetings are the latest in a slew of interactions between top government officials and the company’s representatives. In case of defaults, one of the major banks to be hit will be State Bank of India (SBI) which has an outstanding loan of Rs 29,000 crore to the telecom sector, but its largest exposure is to Vodafone Idea with Rs 11,200 crore. Private sector banks led by IndusInd Bank<\/a> (Rs 5,000 crore) and ICICI Bank (Rs 1,700 crore) are the other major lenders to the beleaguered firm. Among public sector banks, Punjab National Bank<\/a> has — at Rs 1,000 crore — the second highest exposure to the telco.
\n \n \n \n ![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
SBI chairman Rajnish Kumar<\/a> on Tuesday said “Nobody wants to kill the sector, let me be very clear,” when asked about the woes of telecom industry<\/a> under a debt of over Rs 7 lakh crore and now reeling under AGR crisis. Recently, he had said that bankers will have to pay the price if any troubled telecom company defaults. “Nobody wants to kill the sector, let me be very clear,” Kumar said.
Brokerage house Macquarie estimates Vodafone Idea debt at Rs 1.26 lakh crore, of which Rs 90,700 crore is in the form of deferred payment liabilities and guarantees towards spectrum charges payable over 16 years.
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不调用沃达丰想法银行担保:银行
“银行已通知政府,局势不稳定的行业已经面临着资产质量问题。Vodafone-Idea违约将不仅需要向银行担保支付点但也会负担额外的供应,”一位官员说谁知道此事。
大部分的银行提醒点维尔的57000卢比会费支持担保,如果他们被调用,银行将不得不支付那些政府代表公司。”银行家告诉点,如果政府调用担保,维尔可能无法偿还(银行),”另一位知情人士表示。沃达丰的想法已表示,它将关闭如果调用点银行担保,或如果没有得到任何救助AGR费。
电信迄今为止只有3500卢比支付点,据报告,其自我评估应该显示费大约23000卢比,7000卢比的本金。专家说,cashstrapped载体将很难支付甚至self-estimated会费在很短的时间内。
这些会议都是最新的一系列政府高级官员之间的相互作用和该公司的代表。违约的情况下,在一个大银行的打击将是印度国家银行(印度国家银行)的未偿贷款为29000卢比的电信部门,但其最大曝光是沃达丰11200卢比。私营部门银行为首IndusInd银行(5000卢比),ICICI银行(1700卢比)的其他主要银行陷入困境的公司。在公共部门银行,旁遮普国家银行——在1000卢比——第二高暴露在电信。
印度国家银行主席Rajnish库马尔周二说:“没有人想杀了这个行业,让我非常清楚,”当被问及电信的问题行业在债务超过7十万的卢比和现在面临着AGR危机。最近,他说,银行家们将不得不支付价格如果任何问题电信公司违约。“没有人想杀了这个行业,让我非常清楚,”Kumar说。
经纪公司麦格理估计沃达丰债务1.26十万的卢比,90700卢比的延期支付债务和担保的形式对光谱应付费用超过16年。
MUMBAI: Vodafone Idea<\/a>’s lenders<\/a> met Department of Telecommunications<\/a> (DoT) officials over the weekend, cautioning that invoking bank guarantees of the operator against statutory dues will lead to defaults since the telco is in no position to repay the banks. They urged the DoT to come up with a solution to retain a three-player telecom market.
“Lenders have informed the government that the situation is precarious as the sector is already reeling under asset quality issues. A default by Vodafone-Idea will not only require bank guarantee payments to be made to the DoT but will also be a burden on additional provisioning,” said an official who is aware of the matter.
“Bankers have requested the government to come up with a viable solution saying a three-telco model should be encouraged,” he added.
The lenders reminded the DoT that a bulk of VIL’s Rs 57,000 crore dues is supported by guarantees and if they are invoked, the banks will have to pay those to the government on behalf of the company. “Bankers told DoT that if the government invokes guarantees, VIL may not pay back (to banks),” said another person close to the matter. Vodafone Idea has said that it will close down if bank guarantees are invoked by the DoT, or if it doesn’t get any relief on its AGR dues.
The telco has so far paid only Rs 3,500 crore to DoT and according to an ET report, its self-assessment should show its dues to be around Rs 23,000 crore, of which Rs 7,000 crore is principal. Experts say the cashstrapped carrier will find it difficult to pay even its self-estimated dues in a short period of time.
These meetings are the latest in a slew of interactions between top government officials and the company’s representatives. In case of defaults, one of the major banks to be hit will be State Bank of India (SBI) which has an outstanding loan of Rs 29,000 crore to the telecom sector, but its largest exposure is to Vodafone Idea with Rs 11,200 crore. Private sector banks led by IndusInd Bank<\/a> (Rs 5,000 crore) and ICICI Bank (Rs 1,700 crore) are the other major lenders to the beleaguered firm. Among public sector banks, Punjab National Bank<\/a> has — at Rs 1,000 crore — the second highest exposure to the telco.
\n \n \n \n
SBI chairman Rajnish Kumar<\/a> on Tuesday said “Nobody wants to kill the sector, let me be very clear,” when asked about the woes of telecom industry<\/a> under a debt of over Rs 7 lakh crore and now reeling under AGR crisis. Recently, he had said that bankers will have to pay the price if any troubled telecom company defaults. “Nobody wants to kill the sector, let me be very clear,” Kumar said.
Brokerage house Macquarie estimates Vodafone Idea debt at Rs 1.26 lakh crore, of which Rs 90,700 crore is in the form of deferred payment liabilities and guarantees towards spectrum charges payable over 16 years.
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