\"\"KOLKATA: A fall in interconnect usage charge (IUC<\/a>) is likely to hit the operating profits of Bharti Airtel<\/a> and Idea Cellular<\/a>, but Reliance Jio<\/a> could benefit from the move and break even faster, according to sector analysts.
\n
IUC is a charge paid by the operator of a network from where a call originates to the telco where it terminates. It is 14 paise a minute at present. The telecom regulator,
Trai<\/a>, is holding consultations on revising the charge in sync with network technology evolution. The proposals are likely to be finalised by month end.
\n
Bank of America-Merrill Lynch said in a recent note that
Jio<\/a> will be a major beneficiary of any material cut in IUC, as “its net interconnect payments could come down materially, helping it to achieve EBITDA (earnings before interest, tax, depreciation & amortisation) break-even earlier than expected”.
\n
On the contrary incumbents Bharti
Airtel<\/a> and Idea would take a 4% and 9% hit on their EBITDA, respectively, if the Telecom Regulatory Authority of India cuts IUC to 5 paise\/minute. And if the IUC were scrapped altogether, the negative impact on Bharti and Idea’s EBITDA would be as much as 6% and 15%, respectively, said the note, a copy of which is with ET. A telco’s EBITDA is a key financial indicator of its operating profit, or the money it makes before paying taxes, interest on loans and accounting for depreciation and amortisation.
\n
\n“Jio’s business model works best in a zero IUC regime as it offers unlimited data and free voice, while its margins are capped when the IUC is above zero,” Rajiv Sharma, HSBC director and telecoms analyst, said in a note.
\n
\nBrokerage UBS said Jio could get “over .`25-30 savings per customer if IUC rate is cut from 14 paise per minute to 8 paise,” which it “could pass” to customers in the form of lower prices.
\n
\nMukesh Ambani-led Jio has been pressing for the 14 paise\/minute IUC charge to be dropped, as it pays a sizeable sum as interconnect charges because the bulk of its call traffic terminates in the networks of incumbent telcos. In fact, if IUC is increased, Jio would end up paying more to the top three telcos.
\n
Bharti Airtel,
Vodafone India<\/a> and Idea Cellular, however, are pushing for an immediate increase in the IUC to 30-35 paise\/minute, contending that the current rate is inadequate for covering costs. The stakes are huge for Airtel, Idea and Vodafone India. They stand to lose the most in revenue if IUC is scrapped, as they have the most number of subscribers and garner a major share of the termination charges as most calls end up on their networks.
\n
\nThis assumes more importance at a time when revenue are already under pressure due to the ongoing price war, which has intensified after Jio’s entry last September. The genesis of IUC goes back to January 2003, when the calling party pays (CPP) rule was introduced in India.\n\n<\/body>","next_sibling":[{"msid":60079682,"title":"Digital wallet companies wait for RBI norms","entity_type":"ARTICLE","link":"\/news\/digital-wallet-companies-wait-for-rbi-norms\/60079682","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":60079745,"entity_type":"ARTICLE","title":"Fall in IUC could hit Airtel, Idea but benefit Mukesh Ambani's Reliance Jio","synopsis":"IUC is a charge paid by the operator of a network from where a call originates to the telco where it terminates. It is 14 paise a minute at present.","titleseo":"telecomnews\/fall-in-iuc-could-hit-airtel-idea-but-benefit-mukesh-ambanis-reliance-jio","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-08-16 08:02:51","lastupd":"2017-08-16 08:06:41","breadcrumbTags":["reliance jio","IUC","Jio","Reliance Jio Infocomm Limited","Mukesh Ambani","airtel","trai","Policy","bharti airtel","idea cellular","Vodafone India"],"secinfo":{"seolocation":"telecomnews\/fall-in-iuc-could-hit-airtel-idea-but-benefit-mukesh-ambanis-reliance-jio"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2017-08-16" data-index="article_1">

IUC下降可能达到Airtel想法但穆凯什•安巴尼的信实Jio中获益

IUC是一个由运营商收取网络从一个电话是哪里来的电信终止。目前它是14 paise一分钟。

Kalyan尔巴特
  • 更新2017年8月16日08:06点坚持
加尔各答:互连使用电荷(下降IUC)是可能达到的营业利润Bharti Airtel知道细胞,但依赖Jio可能受益于移动和破坏的速度更快,根据行业分析师。

IUC是一个由运营商收取网络从一个电话是哪里来的电信终止。目前它是14 paise一分钟。电信监管机构火车,举行磋商修改电荷与网络技术同步进化。这些提议可能在月末完成。

美国银行-美林最近在一份报告中说Jio将任何材料切成IUC的主要受益者,作为“净互连支付可能大幅下降,帮助它实现息税前利润(利息、税项、折旧和摊销前利润)保本早于预期”。

相反公司Bharti附近的旅馆和想法将EBITDA,触及的4%和9%分别,如果印度的电信监管机构削减IUC 5 paise /分钟。如果IUC被完全取消,Bharti的负面影响和想法的EBITDA将高达6%和15%,分别报告中称,一份与ET。电信的EBITDA是一个关键的财务指标的营业利润,或获得的收入纳税之前,贷款利息和会计折旧及摊销前利润。

“Jio的商业模式最适合零IUC政权提供无限制的数据和免费的语音,而其利润上限当IUC高于零,“拉吉夫•沙玛汇丰银行董事和电信分析师在一份报告中称。

券商瑞银Jio能”说,“每个客户如果IUC率是25 - 30储蓄从14减少paise每分钟8 paise,能通过“它的形式给客户更低的价格。

穆克什Ambani-led Jio一直在敦促14 paise /分钟IUC费用下降,互连一样支付一笔可观的费用,因为大部分交通终止现任电信公司的网络电话。事实上,如果IUC增加,Jio最终将支付更多的三大电信公司。

Bharti Airtel沃达丰印度和细胞,然而,正在推动立即增加IUC - paise /分钟,声称目前的速度是不够的覆盖成本。旅馆的赌注是巨大的,想法和沃达丰印度。他们会失去最的收入如果IUC报废,因为他们有最用户数量和获得的主要份额最终终止费用因为大多数电话网络。

这个假设更重要时收入已经由于持续的价格战的压力下,这加剧了去年9月在Jio条目。IUC的起源可以追溯到2003年1月,当调用方支付(CPP)统治了印度。
  • 发布于2017年8月16日08:02点坚持
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\"\"KOLKATA: A fall in interconnect usage charge (IUC<\/a>) is likely to hit the operating profits of Bharti Airtel<\/a> and Idea Cellular<\/a>, but Reliance Jio<\/a> could benefit from the move and break even faster, according to sector analysts.
\n
IUC is a charge paid by the operator of a network from where a call originates to the telco where it terminates. It is 14 paise a minute at present. The telecom regulator,
Trai<\/a>, is holding consultations on revising the charge in sync with network technology evolution. The proposals are likely to be finalised by month end.
\n
Bank of America-Merrill Lynch said in a recent note that
Jio<\/a> will be a major beneficiary of any material cut in IUC, as “its net interconnect payments could come down materially, helping it to achieve EBITDA (earnings before interest, tax, depreciation & amortisation) break-even earlier than expected”.
\n
On the contrary incumbents Bharti
Airtel<\/a> and Idea would take a 4% and 9% hit on their EBITDA, respectively, if the Telecom Regulatory Authority of India cuts IUC to 5 paise\/minute. And if the IUC were scrapped altogether, the negative impact on Bharti and Idea’s EBITDA would be as much as 6% and 15%, respectively, said the note, a copy of which is with ET. A telco’s EBITDA is a key financial indicator of its operating profit, or the money it makes before paying taxes, interest on loans and accounting for depreciation and amortisation.
\n
\n“Jio’s business model works best in a zero IUC regime as it offers unlimited data and free voice, while its margins are capped when the IUC is above zero,” Rajiv Sharma, HSBC director and telecoms analyst, said in a note.
\n
\nBrokerage UBS said Jio could get “over .`25-30 savings per customer if IUC rate is cut from 14 paise per minute to 8 paise,” which it “could pass” to customers in the form of lower prices.
\n
\nMukesh Ambani-led Jio has been pressing for the 14 paise\/minute IUC charge to be dropped, as it pays a sizeable sum as interconnect charges because the bulk of its call traffic terminates in the networks of incumbent telcos. In fact, if IUC is increased, Jio would end up paying more to the top three telcos.
\n
Bharti Airtel,
Vodafone India<\/a> and Idea Cellular, however, are pushing for an immediate increase in the IUC to 30-35 paise\/minute, contending that the current rate is inadequate for covering costs. The stakes are huge for Airtel, Idea and Vodafone India. They stand to lose the most in revenue if IUC is scrapped, as they have the most number of subscribers and garner a major share of the termination charges as most calls end up on their networks.
\n
\nThis assumes more importance at a time when revenue are already under pressure due to the ongoing price war, which has intensified after Jio’s entry last September. The genesis of IUC goes back to January 2003, when the calling party pays (CPP) rule was introduced in India.\n\n<\/body>","next_sibling":[{"msid":60079682,"title":"Digital wallet companies wait for RBI norms","entity_type":"ARTICLE","link":"\/news\/digital-wallet-companies-wait-for-rbi-norms\/60079682","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":60079745,"entity_type":"ARTICLE","title":"Fall in IUC could hit Airtel, Idea but benefit Mukesh Ambani's Reliance Jio","synopsis":"IUC is a charge paid by the operator of a network from where a call originates to the telco where it terminates. It is 14 paise a minute at present.","titleseo":"telecomnews\/fall-in-iuc-could-hit-airtel-idea-but-benefit-mukesh-ambanis-reliance-jio","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-08-16 08:02:51","lastupd":"2017-08-16 08:06:41","breadcrumbTags":["reliance jio","IUC","Jio","Reliance Jio Infocomm Limited","Mukesh Ambani","airtel","trai","Policy","bharti airtel","idea cellular","Vodafone India"],"secinfo":{"seolocation":"telecomnews\/fall-in-iuc-could-hit-airtel-idea-but-benefit-mukesh-ambanis-reliance-jio"}}" data-news_link="//www.iser-br.com/news/fall-in-iuc-could-hit-airtel-idea-but-benefit-mukesh-ambanis-reliance-jio/60079745">