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沃达丰首席执行官Ravinder Takkar:政府没有兴趣收购任何电信公司
“在宣布(电信改革)之前，我在政府的各个部门进行了很多很多的互动。在我所有的谈话中，非常清楚的是，政府没有兴趣拥有、收购或经营任何其他电信公司。”
新德里:政府向电信公司提供了通过股权偿还会费利息的选择权，并表示无意收购任何电信公司，这是债务缠身的高级官员沃达丰的想法有说。Vodafone Idea Ltd (VIL)董事总经理兼首席执行官Ravinder Takkar在接受PTI采访时表示，政府显然希望公司在市场上竞争，电信行业至少应该有三家私营服务提供商。
“在宣布(电信改革)之前，我在政府的各个部门进行了很多很多的互动。在我所有的谈话中，非常清楚的是，政府没有兴趣拥有、收购或经营任何其他电信公司。”
政府已经在管理亏损的电信公司BSNL和MTNL，这两家公司在2019年10月向它们发放了约6900亿卢比的救助计划后，尚未实现盈利。
“他们(政府)已经明确表示，他们希望留下三家私营企业。他们想让我们在市场上竞争。他们希望我们以一种竞争的方式经营。”
截至2021年6月30日，VIL的总债务总额为19.1万亿卢比，不包括租赁负债，包括应计但未到期的利息。债务包括1.06万亿卢比的延期频谱支付义务和6218亿卢比的AGR债务，这些债务是由于政府和来自银行和金融机构的债务2340亿卢比。
该公司在4月至6月期间的综合收入为915.23亿卢比，财务成本为5228.4亿卢比。
根据Jefferies在美国，4年的暂停付款将为VIL提供现金流缓解，并“可能导致政府收购VIL相当大的股份”。投资银行集团分析师报告预计，如果电信公司选择通过股权支付累计900亿卢比的利息，政府将在四年期限结束时拥有VIL 26%的股份。
“我们的目的是偿还政府，我们的商业计划将反映这一点。但当然，有这样的选择权可以将其转换为股权是一个大胆的举动，在某种程度上确保如果行业没有固定的，那么政府将继续支持该行业更长的一段时间，只要它需要，”Takkar说。
瑞士信贷(Credit Suisse)该公司表示，暂停将缓解VIL当前的现金流限制，但它还需要在未来6-9个月内筹集约730亿卢比来偿还非频谱债务，并以最低的资本支出度过这四年。
计划启动融资谈判，很快结束:沃达丰Idea总经理Ravinder Takkar
Vi董事总经理Ravinder Takkar表示，该电信公司可能会选择将延期会费的利息转换为政府股权，可能是第一个提高关税的公司，并准备引入资金。总经理对印度经济时报的Devina Sengupta说，尽管有人持怀疑态度，“Vi会活下来”。
它表示，尽管在此期间有暂停和股权转换利息，但到2026财政年度，VIL将需要240卢比的ARPU(每用户平均收入)来满足3300亿卢比的年度频谱付款和AGR会费，这些费用将需要在剩余任期内偿还。
Takkar表示，在政府发布了作为电信改革一部分的各种措施的指导方针后，该公司将更新业务计划，并可能寻求董事会批准筹集资金，以弥补实现业务目标所需的差距。
他说，政府改革措施给了行业提高关税的信心。
“在我看来，定价是行业发展到这一水平的一个重要原因。有了政府的一揽子计划，行业定价肯定会提高。我们已经到了这个行业只有三家公司的地步。”
Bharti Airtel和VIL一直在倡导提高移动服务费率，以减轻财务负担。
塔卡说，市场上只剩下三家私营企业，每个人都希望价格上涨。
“我们不确定对方的意图是什么。缺乏信任导致了没有人愿意单方面采取立场。在这种环境下，现在有了政府一揽子计划，(信任赤字)就会消失，这意味着没有政府的任何干预，行业可以控制价格上涨，我认为它会做到。我确信它会在短时间内发生。这将是渐进的，但它将开始发生，”塔卡说。
截至2021年6月30日的第一季度，VIL的每用户平均收入(ARPU)为104卢比，而其竞争对手Bharti Airtel和Jio的ARPU分别为146卢比和138.4卢比。
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New Delhi: The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea<\/a> has said. Vodafone Idea Ltd (VIL) Managing Director and CEO Ravinder Takkar<\/a> in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector.
\"I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms). In all my conversations, it is absolutely clear that the government has no interest in owning or acquiring or running any other telecom company,\" Takkar said.
The government is already managing loss-making telecom firms BSNL and MTNL which are yet to post profit after a relief package of around Rs 69,000 crore granted to them in October 2019.
<\/div><\/div>Some experts contended that the government may end up holding a \"sizable\" chunk (estimates varied from 26 percent to majority stake) in VIL at the end of moratorium period, if the telco opts to pay cumulative interest or annual instalments by way of equity.
\"They (government) have absolutely made it clear that they want three private players to remain. They want us to compete in the market. They want us to operate in a competitive manner,\" Takkar said.
VIL had total gross debt of Rs 1.91 lakh crore, excluding lease liabilities and including interest accrued but not due, as of June 30, 2021. The debt comprises deferred spectrum payment obligations of Rs 1.06 lakh crore and AGR liability of Rs 62,180 crore that are due to the government and debt from banks and financial institutions of Rs 23,400 crore.
The company had posted consolidated revenue of Rs 9,152.3 crore during the April-June period and the finance cost was Rs 5,228.4 crore.
According to Jefferies<\/a>, the 4-year moratorium on payments will offer VIL cashflow relief and \"could lead to the government taking up sizable stake in VIL\". The investment banking group analyst report had projected that the government could own 26 per cent of VIL at the end of four-year period, if the telco chooses to pay the cumulative interest of Rs 9,000 crore through equity.
\"They (government) have absolutely made it clear that they want three private players to remain. They want us to compete in the market. They want us to operate in a competitive manner,\" Takkar said.
VIL had total gross debt of Rs 1.91 lakh crore, excluding lease liabilities and including interest accrued but not due, as of June 30, 2021. The debt comprises deferred spectrum payment obligations of Rs 1.06 lakh crore and AGR liability of Rs 62,180 crore that are due to the government and debt from banks and financial institutions of Rs 23,400 crore.
The company had posted consolidated revenue of Rs 9,152.3 crore during the April-June period and the finance cost was Rs 5,228.4 crore.
According to Jefferies<\/a>, the 4-year moratorium on payments will offer VIL cashflow relief and \"could lead to the government taking up sizable stake in VIL\". The investment banking group analyst report had projected that the government could own 26 per cent of VIL at the end of four-year period, if the telco chooses to pay the cumulative interest of Rs 9,000 crore through equity.
<\/div><\/div>Takkar said that from the company's perspective exercising equity option for interest payment is the least area that has been its focus and VIL is committed to running the company.
\"Our intention is to pay back to the government and our business plan will reflect that part. But certainly having that option where that could be converted into equity is a bold move and in a way ensures that if the industry<\/a> is not fixed then the government will continue to support the industry for a longer period of time as long as it needs to be,\" Takkar said.
Credit Suisse<\/a> has said moratorium would ease immediate cash flow constraints for VIL but it will need to also raise around Rs 7,300 crore over next 6-9 months to repay its non-spectrum debt and ride through these four years with minimal capex.
\"Our intention is to pay back to the government and our business plan will reflect that part. But certainly having that option where that could be converted into equity is a bold move and in a way ensures that if the industry<\/a> is not fixed then the government will continue to support the industry for a longer period of time as long as it needs to be,\" Takkar said.
Credit Suisse<\/a> has said moratorium would ease immediate cash flow constraints for VIL but it will need to also raise around Rs 7,300 crore over next 6-9 months to repay its non-spectrum debt and ride through these four years with minimal capex.