沃达丰的想法选择利息费转化为政府股权,电信 - ldsports25.pro

Vodafone Idea<\/a>’s board has informed the telecom department that it will opt for converting the interest on spectrum and adjusted gross revenue (AGR) dues into government equity. In this case, it would mean that government will hold 35.8% and become the single largest shareholder in the third largest telco of the country.

Shares of Vi slumped by 14.81% to Rs 12.65 on early trading hours.

“…it is expected that the Government will hold around 35.8% of the total outstanding shares of the Company, and that the Promoter shareholders would hold around 28.5% (Vodafone Group<\/a>) and around 17.8% (Aditya Birla Group<\/a>), respectively,” said the telco in a regulatory exchange on Tuesday morning.

The Board had held a meeting on Monday and approved the conversion of the full amount of such interest related to spectrum auction instalments and adjusted gross revenue (AGR) dues into equity.

The cash-strapped telco had past AGR dues worth Rs 58,254 crore, of which it has paid Rs 7,854 crore.

“The Net Present Value (NPV) of this interest is expected to be about Rs.16,000 crore as per the Company’s best estimates, subject to confirmation by the DoT,” said the telco.

Since the average price of the Company’s shares at the relevant date of 14.08.2021 was below par value, the equity shares will be issued to the Government at par value of Rs. 10\/- per share, subject to final confirmation by the DoT.

These decisions come on the back of telecom relief package announced by government in September which included spectrum payment moratorium, option to convert interest on airwaves into equity, reduced bank guarantees amongst others.

The package benefited Vi the most since it could can now save up to Rs 1 lakh crore cumulatively over four years.

While it has accepted the four year moratorium, it now becomes only telco to accept equity conversion as well. Rival Bharti Airtel on the other hand has opted for the moratorium but not the equity conversion while Reliance Jio went for neither.

\"Airtel

Vodafone Idea<\/a>’s board has informed the telecom department that it will opt for converting the interest on spectrum and adjusted gross revenue (AGR) dues into government equity. In this case, it would mean that government will hold 35.8% and become the single largest shareholder in the third largest telco of the country.

Shares of Vi slumped by 14.81% to Rs 12.65 on early trading hours.

“…it is expected that the Government will hold around 35.8% of the total outstanding shares of the Company, and that the Promoter shareholders would hold around 28.5% (Vodafone Group<\/a>) and around 17.8% (Aditya Birla Group<\/a>), respectively,” said the telco in a regulatory exchange on Tuesday morning.

The Board had held a meeting on Monday and approved the conversion of the full amount of such interest related to spectrum auction instalments and adjusted gross revenue (AGR) dues into equity.

The cash-strapped telco had past AGR dues worth Rs 58,254 crore, of which it has paid Rs 7,854 crore.

“The Net Present Value (NPV) of this interest is expected to be about Rs.16,000 crore as per the Company’s best estimates, subject to confirmation by the DoT,” said the telco.

Since the average price of the Company’s shares at the relevant date of 14.08.2021 was below par value, the equity shares will be issued to the Government at par value of Rs. 10\/- per share, subject to final confirmation by the DoT.

These decisions come on the back of telecom relief package announced by government in September which included spectrum payment moratorium, option to convert interest on airwaves into equity, reduced bank guarantees amongst others.

The package benefited Vi the most since it could can now save up to Rs 1 lakh crore cumulatively over four years.

While it has accepted the four year moratorium, it now becomes only telco to accept equity conversion as well. Rival Bharti Airtel on the other hand has opted for the moratorium but not the equity conversion while Reliance Jio went for neither.

\"Airtel