KOLKATA | MUMBAI: Vodafone Idea<\/a>’s promoters — UK-based Vodafone Group and the Aditya Birla Group<\/a> of India — may need to infuse fresh capital urgently, else the loss-making telecom company<\/a> may have no option but to file for bankruptcy<\/a>, analysts said. 一位高级政府官员预计,公司支付其费用。不过,分析师对电信的前景仍持怀疑态度。一位最高法院律师表示,沃达丰的想法可以方法NCLT如果承认的话,那么暂停支付根据破产法将踢和电信可能没有支付。 孟买加尔各答|:沃达丰的想法——英国沃达丰集团和倡导者Aditya Birla集团印度——可能需要注入新资本迫切,其他亏损电信公司可能别无选择,只能申请吗破产,分析师表示。 KOLKATA | MUMBAI: Vodafone Idea<\/a>’s promoters — UK-based Vodafone Group and the Aditya Birla Group<\/a> of India — may need to infuse fresh capital urgently, else the loss-making telecom company<\/a> may have no option but to file for bankruptcy<\/a>, analysts said.
A senior government official expects the company to pay up its dues. However, analysts remain sceptical about the telco’s prospects. “Vodafone Idea’s survival is unlikely unless there is fresh equity infusion<\/a> from its promoters, as the Supreme Court<\/a>’s strongly worded reaction to the modified plea filed by incumbent telcos means chances of any relief (from the government) in the form of a deferred payment of AGR dues is remote now,” ratings firm Fitch’s director (corporates), Nitin Soni, told ET.
The Vodafone Group and Aditya Birla Group did not respond to ET’s queries till press time on Friday.
Vodafone Idea faces AGR dues of more than Rs 53,000 crore. On Thursday, the company reported a Rs 6,439-crore loss for the December quarter. This was the sixth successive quarter when it ended in the red. On Friday, its shares plunged more than 23% to close at Rs 3.44 on the BSE.
“Since Vodafone Idea doesn’t have the money, it may very well move the National Company Law Tribunal (NCLT — the bankruptcy court) since telcos need to clear AGR dues before the next court hearing on March 17,” said Rajiv Sharma, research head, SBICap Securities.
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<\/a><\/figure>AGR issue: Telecom minister Ravi Shankar Prasad meets PM; DoT takes back order<\/a><\/h5><\/div>
<\/a><\/figure>Telecom: A death judicially ordained - View<\/a><\/h5><\/div><\/div><\/div>\n\n
A senior Supreme Court lawyer said Vodafone Idea could approach NCLT and if it admitted the case, then the moratorium on payments under the bankruptcy law would kick in and the telco might not have to pay up.
But, he said, the telco would still have go to the Supreme Court and explain its status, as in “why it hasn’t paid the amount.” The lawyer added that the “NCLT may or may not admit the case by March 16.” Even if admitted, it would depend on the top court taking cognisance of Vodafone Idea’s financial status and taking a call if it wants to go ahead with contempt, the lawyer said.
The court on Friday directed telcos to clear AGR dues, or at least pay a sizeable amount to prove their bona fides and warrant more time to pay the rest, as directed by its October 2019 ruling.
If Vodafone Idea indeed exits India’s telecom sector, Fitch’s Soni said the “government may struggle to recover the Rs 88,530-crore deferred spectrum liability in addition to AGR dues, since the company’s chairman Kumar Birla has said the telco may shut shop without relief from the judiciary or the government”.
Vodafone Idea has reiterated its viability would be under threat in absence of any relief on the adjusted gross revenue dues.\n\n
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对沃达丰的想法,选择股权注入或破产:分析师
一位高级政府官员预计,公司支付其费用。不过,分析师对电信的前景仍持怀疑态度。“沃达丰的生存是不可能的,除非有新的想法股本注入从它的启动子,最高法院的措辞强硬的反应提出的修改请求现任电信公司意味着任何救助的机会(政府)的延期付款的形式AGR费现在远程,”惠誉评级公司的董事(企业),Nitin索尼,告诉等。
沃达丰理念面临着AGR费超过53000卢比。周四,该公司公布了价值6439卢比的第四季度的损失。这是连续第六个季度结束时的红色。周五,其股价暴跌逾23%,收盘报3.44 Rs疯牛病。
“因为沃达丰没有钱,它很可能将国家公司法法庭(NCLT -破产法庭)因为电信公司需要明确AGR费下次庭审前3月17日,“Rajiv Sharma说,研究头,SBICap证券。
一位最高法院律师表示,沃达丰的想法可以方法NCLT如果承认的话,那么暂停支付根据破产法将踢和电信可能没有支付。
但是,他说,电信还是会去最高法院解释它的状态,如“为什么还没有支付金额。”律师说,“NCLT可能会或可能不会承认3月16日的情况。“即使承认,这将取决于最高法院采取认知的沃达丰的财务状况和想法的电话,如果想继续蔑视,律师说。
法院周五要求电信公司明确的AGR费,或者至少支付一大笔证明自己的诚意和保证更多的时间支付剩余款项,作为其2019年10月由裁决。
如果沃达丰想法确实出口印度的电信业,惠誉的索尼表示,“政府可能难以恢复价值88530卢比的延迟谱责任除了AGR费,因为公司的董事长贝拉Kumar表示,电信可能关闭商店没有减轻司法或政府”。
沃达丰的想法已经重申了其生存将受到威胁在没有任何救济调整后的总营收会费。
A senior government official expects the company to pay up its dues. However, analysts remain sceptical about the telco’s prospects. “Vodafone Idea’s survival is unlikely unless there is fresh equity infusion<\/a> from its promoters, as the Supreme Court<\/a>’s strongly worded reaction to the modified plea filed by incumbent telcos means chances of any relief (from the government) in the form of a deferred payment of AGR dues is remote now,” ratings firm Fitch’s director (corporates), Nitin Soni, told ET.
The Vodafone Group and Aditya Birla Group did not respond to ET’s queries till press time on Friday.
Vodafone Idea faces AGR dues of more than Rs 53,000 crore. On Thursday, the company reported a Rs 6,439-crore loss for the December quarter. This was the sixth successive quarter when it ended in the red. On Friday, its shares plunged more than 23% to close at Rs 3.44 on the BSE.
“Since Vodafone Idea doesn’t have the money, it may very well move the National Company Law Tribunal (NCLT — the bankruptcy court) since telcos need to clear AGR dues before the next court hearing on March 17,” said Rajiv Sharma, research head, SBICap Securities.
<\/p>Read also<\/h4>
<\/a><\/figure>AGR issue: Telecom minister Ravi Shankar Prasad meets PM; DoT takes back order<\/a><\/h5><\/div>
<\/a><\/figure>Telecom: A death judicially ordained - View<\/a><\/h5><\/div><\/div><\/div>\n\n
A senior Supreme Court lawyer said Vodafone Idea could approach NCLT and if it admitted the case, then the moratorium on payments under the bankruptcy law would kick in and the telco might not have to pay up.
But, he said, the telco would still have go to the Supreme Court and explain its status, as in “why it hasn’t paid the amount.” The lawyer added that the “NCLT may or may not admit the case by March 16.” Even if admitted, it would depend on the top court taking cognisance of Vodafone Idea’s financial status and taking a call if it wants to go ahead with contempt, the lawyer said.
The court on Friday directed telcos to clear AGR dues, or at least pay a sizeable amount to prove their bona fides and warrant more time to pay the rest, as directed by its October 2019 ruling.
If Vodafone Idea indeed exits India’s telecom sector, Fitch’s Soni said the “government may struggle to recover the Rs 88,530-crore deferred spectrum liability in addition to AGR dues, since the company’s chairman Kumar Birla has said the telco may shut shop without relief from the judiciary or the government”.
Vodafone Idea has reiterated its viability would be under threat in absence of any relief on the adjusted gross revenue dues.\n\n
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