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\"<p><br>
<\/span><\/figcaption><\/figure> NEW DELHI: MTNL<\/a>'s plans to seek approval of shareholders for raising authorised share capital to Rs 10,000 crore and borrowing powers by almost 40 per cent will aid the state-owned corporation's 4G plans and provide it the firepower to compete in the market, its chairman P K Purwar has said.


At a time when the sector that has seen shuffling of the top deck with the recent completion of Vodafone and Idea Cellular merger, Mahanagar Telephone Nigam Ltd (MTNL) has lined up an annual general meeting on September 28 to raise the authorised share capital to Rs 10,000 crores from Rs 800 crores, as an enabling provision.

It has also sought shareholders' approval for raising the borrowing powers of the board to Rs 25,000 crore from the current Rs 18,000 crore, and issue of non-convertible debentures on private placement basis.

Much of this is being done in anticipation of 4G spectrum allocation by the government as and when it happens, Purwar said adding that increase in borrowing powers would be crucial to meet the capital expenditure needs for roll-out of such services.

All private operators that MTNL competes with in the market already have aggressive 4G offerings and, in fact, India is now making an compelling pitch to be a frontrunner in the global 5G space.

Once a household name, MTNL, which provides services in Delhi and Mumbai, has been relegated to a distant fourth operator in the market alongside Bharat Sanchar Nigam Ltd, another telecom PSU. The one billion subscribers-plus mobile market in India - incidentally world's second largest after China - is growing exponentially as private operators like Vodafone Idea Ltd (merged entity), Bharti Airtel and Reliance Jio compete fiercely to lure subscribers with rock-bottom data tariffs and attractive offers.

MTNL admits it should have \"entered 4G services 1-1.5 years ago\" but that non-availiblity of spectrum posed a roadblock.

\"The market is changing significantly from 3G for 4G. So, we have submitted a prpopsal to the Telecom Department for allottment of 4G spectrum. The proposal is that spectrum should be given by the government as licensor, and, secondly, as a promoter (of MTNL) it (government) should render the support in terms of infusion of equity (in lieu of 4G spectrum allocated),\" Purwar told PTI.

Hence the proposals being placed before MTNL shareholders later this month will be enabling provisions in anticipation of 4G plan execution.

\"In case, government accepts our proposal, MTNL should be able to execute it. We have asked for 5MHz spectrum in Mumbai and 10 MHz in Delhi, the value of spectrum is Rs 8,600 crore...this requires issue of equity and so it is an enablement provision...the notice to shareholders mentions that this is subject to allotment of spectrum by the government,\" he said.

Similarly, the raising of borrowing powers would help the company tide over the capex needs involved in 4G roll-out.

\"Once we get the 4G spectrum, investment will be required for services and capital expenditure to the tune of Rs 1,300-1,500 crore beyond the cost of spectrum. For that, we would like to utilise borrowing and are hence increasing the borrowing limits of MTNL,\" he said.

Even after the necessary approvals and grant of the spectrum, it will take almost 9-12 months for MTNL to roll out 4G network and commercial services to customers, he noted.

On the issue of non-convertible debentures (NCDs) on private placement, MTNL has said that approval of members is being sought to authorise the board \"to offer or invite or invite subscriptions for government guaranteed\/ unsecured\/ listed\/ redeemable non-convertible debentures in the nature of bonds (NCDs), in one or more series \/ tranches, aggregating up to Rs 5,500 crore on private placement basis...\"

Today, most of MTNL's loans are from banks, which are expensive as compared to soverign guarantee bonds, Purwar explained.

\"So we are asking Telecom Department and the Finance Ministry to provide us a window to raise bonds from the market on the strength of sovereign guarantee. If it comes through, then our cost of borrowings will decrease by almost one per cent, which will give us saving of Rs 50 crore annually, reducing MTNL's financial burden,\" Purwar added.
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MTNL上调债务上限的计划,授权资本,“推动者”的4 g技术上:CMD

Mahanagar电话尼噶有限公司(MTNL)排队年度大会9月28日提高授权股本Rs 800卢比的Rs 10000卢比,有利的条款

  • 发布于2018年9月3日02:51点坚持
< p > < br > < br > < br > < br > < / p >
新德里消息:MTNL的计划寻求股东批准授权股本提高到10000卢比和借贷国家近40%将援助国有公司的4 g计划并提供它的火力在市场上竞争,其主席P K Purwar说。


在该行业,洗牌的甲板最近完成的沃达丰(Vodafone)和细胞合并,Mahanagar电话尼噶有限公司(MTNL)排队年度大会9月28日提高授权股本Rs 800卢比的Rs 10000卢比,有利的条款。

广告
它还寻求股东批准提高董事会的借贷能力从当前18000卢比到25000卢比,而不可自由兑换债券私募的基础上的问题。

做了多少的预期4 g频谱分配由政府当它发生时,Purwar添加表示,增加借贷权力将是至关重要的,以满足资本支出需求推出这样的服务。

所有私人运营商MTNL与市场竞争已经积极的4 g服务,事实上,印度现在做出一个令人信服的音高是领跑者在全球5 g的空间。

MTNL,一旦一个家喻户晓的名字,在德里和孟买提供服务,已被降级到一个遥远的第四个运营商在市场旁边Bharat Sanchar Nigam说,另一个电信事业单位。十亿subscribers-plus在印度手机市场——顺便说一句中国之后世界第二大,是呈指数型增长等私人运营商沃达丰(Vodafone)有限公司(合并后的实体),Bharti Airtel和信实Jio激烈竞争以吸引用户与底层的数据提供关税和有吸引力。

MTNL承认应该“进入4 g服务1 - 1.5年前”但这non-availiblity频谱构成了障碍。

广告
“市场从3 g, 4 g变化显著。所以,我们已经提交了一份prpopsal allottment电信部门的4 g频谱。频谱应给予的建议是政府作为许可方,,其次,作为一个启动子(MTNL)它(政府)应该渲染方面的支持注入股本(代替4 g频谱分配),”Purwar PTI说。

因此建议被放置在MTNL股东本月晚些时候将使预计4 g计划规定执行。

”的情况下,政府接受我们的提议,MTNL应该能够执行它。我们要求5 MHz频段在孟买和新德里10 MHz,频谱的价值是8600卢比……这需要发行的股票,因此它是一个支持条款……通知股东提到,这是由政府分配频谱,”他说。

同样,借贷能力的提高将帮助公司渡过资本支出需要参与的4 g技术。

“一旦我们得到了4 g频谱、投资服务和资本支出将需要1300 - 1500卢比的超出范围的成本。为此,我们想利用借贷和MTNL因此增加借款上限,”他说。

甚至在必要的批准和授权,需要9 - 12个月为MTNL推出4 g网络和商业服务的客户,他说。

问题上不可自由兑换私募债券(非传染性疾病),MTNL曾表示,正在寻求授权董事会成员批准“为政府提供或邀请或者邀请订阅保证/担保/列/可赎回不可自由兑换债券在债券的性质(非传染性疾病),在一个或多个系列/部分,聚集了5500卢比私人配售的基础上……”

今天,大多数MTNL的从银行贷款,这是昂贵的比发生主权担保债券,Purwar解释道。

“所以我们要求电信部门和财政部为我们提供一个窗口来提高债券市场的主权担保。如果通过,那么我们的借款成本将减少近百分之一,这将给我们每年节省50卢比,减少MTNL的财务负担,”Purwar补充道。
  • 发布于2018年9月3日02:51点坚持
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  • MTNL上调债务上限的计划,授权资本,“推动者”的4 g技术上:CMD
\"&lt;p&gt;&lt;br&gt;
<\/span><\/figcaption><\/figure> NEW DELHI: MTNL<\/a>'s plans to seek approval of shareholders for raising authorised share capital to Rs 10,000 crore and borrowing powers by almost 40 per cent will aid the state-owned corporation's 4G plans and provide it the firepower to compete in the market, its chairman P K Purwar has said.


At a time when the sector that has seen shuffling of the top deck with the recent completion of Vodafone and Idea Cellular merger, Mahanagar Telephone Nigam Ltd (MTNL) has lined up an annual general meeting on September 28 to raise the authorised share capital to Rs 10,000 crores from Rs 800 crores, as an enabling provision.

It has also sought shareholders' approval for raising the borrowing powers of the board to Rs 25,000 crore from the current Rs 18,000 crore, and issue of non-convertible debentures on private placement basis.

Much of this is being done in anticipation of 4G spectrum allocation by the government as and when it happens, Purwar said adding that increase in borrowing powers would be crucial to meet the capital expenditure needs for roll-out of such services.

All private operators that MTNL competes with in the market already have aggressive 4G offerings and, in fact, India is now making an compelling pitch to be a frontrunner in the global 5G space.

Once a household name, MTNL, which provides services in Delhi and Mumbai, has been relegated to a distant fourth operator in the market alongside Bharat Sanchar Nigam Ltd, another telecom PSU. The one billion subscribers-plus mobile market in India - incidentally world's second largest after China - is growing exponentially as private operators like Vodafone Idea Ltd (merged entity), Bharti Airtel and Reliance Jio compete fiercely to lure subscribers with rock-bottom data tariffs and attractive offers.

MTNL admits it should have \"entered 4G services 1-1.5 years ago\" but that non-availiblity of spectrum posed a roadblock.

\"The market is changing significantly from 3G for 4G. So, we have submitted a prpopsal to the Telecom Department for allottment of 4G spectrum. The proposal is that spectrum should be given by the government as licensor, and, secondly, as a promoter (of MTNL) it (government) should render the support in terms of infusion of equity (in lieu of 4G spectrum allocated),\" Purwar told PTI.

Hence the proposals being placed before MTNL shareholders later this month will be enabling provisions in anticipation of 4G plan execution.

\"In case, government accepts our proposal, MTNL should be able to execute it. We have asked for 5MHz spectrum in Mumbai and 10 MHz in Delhi, the value of spectrum is Rs 8,600 crore...this requires issue of equity and so it is an enablement provision...the notice to shareholders mentions that this is subject to allotment of spectrum by the government,\" he said.

Similarly, the raising of borrowing powers would help the company tide over the capex needs involved in 4G roll-out.

\"Once we get the 4G spectrum, investment will be required for services and capital expenditure to the tune of Rs 1,300-1,500 crore beyond the cost of spectrum. For that, we would like to utilise borrowing and are hence increasing the borrowing limits of MTNL,\" he said.

Even after the necessary approvals and grant of the spectrum, it will take almost 9-12 months for MTNL to roll out 4G network and commercial services to customers, he noted.

On the issue of non-convertible debentures (NCDs) on private placement, MTNL has said that approval of members is being sought to authorise the board \"to offer or invite or invite subscriptions for government guaranteed\/ unsecured\/ listed\/ redeemable non-convertible debentures in the nature of bonds (NCDs), in one or more series \/ tranches, aggregating up to Rs 5,500 crore on private placement basis...\"

Today, most of MTNL's loans are from banks, which are expensive as compared to soverign guarantee bonds, Purwar explained.

\"So we are asking Telecom Department and the Finance Ministry to provide us a window to raise bonds from the market on the strength of sovereign guarantee. If it comes through, then our cost of borrowings will decrease by almost one per cent, which will give us saving of Rs 50 crore annually, reducing MTNL's financial burden,\" Purwar added.
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