New Delhi: Telecom companies such as Vodafone Idea Ltd<\/a> may find it tough to furnish personal guarantees as suggested by the Supreme Court as an assurance for clearing all AGR dues<\/a> over a 20 year period, a brokerage said on Thursday. The Supreme Court on Thursday agreed to consider a government plan of payment of Rs 93,520 crore of balance dues by Vodafone<\/a> Idea, Bharti Airtel<\/a> and other telcos over 20 years. 最高法院周四同意考虑政府计划平衡费的支付93520卢比,沃达丰的想法,Bharti Airtel和其他电信公司超过20年。它,然而,试图知道担保可以试图确保电信公司遵守时间表和付款进度决定。 新德里:电信等公司沃达丰创意有限公司可能会发现很难提供个人担保所显示最高法院作为结算的保证吗AGR费在20年期间,经纪公司周四表示。最高法院周四同意考虑政府计划支付93520卢比的平衡费沃达丰(Vodafone)的想法,Bharti Airtel和其他电信公司超过20年。
It, however, sought to know what guarantees can be sought to ensure telecom companies abide to a timeframe and payment schedule it decides.
\"The apex court has asked private telcos to provide for security and payment roadmap in an attempt to allow telcos to repay AGR dues over a 20 year period,\" SBI Cap Securities said in its comments on the court order.
It said a holistic picture needs to seen as telcos have to invest in the network to repay both AGR and outstanding spectrum dues.
\"In our view, telcos may find it tough to furnish personal guarantees and as such, the apex court (is) unlikely to allow for 20 years and most likely consider a shorter time frame which may not be good news for Vodafone Idea,\" it said.
Vodafone Idea had to pay Rs 58,254 crore as dues to the government following the October 24, 2019 judgment of the Supreme Court asking non-telecom revenues to be included in adjusted gross revenues (AGR) that form the basis for calculating statutory dues. Of this, the company has paid only Rs 6,854 crore.
SBI Caps<\/a> said the apex court raised concerns about demands pertaining to AGR being furnished on PSUs by the Department of Telecom and has asked the government to reconsider such demands.
\"We believe the commentary from apex court suggests that PSUs need not pay anything on account of AGR dues and comes across as positive for them (Oil India<\/a> \/ GAIL\/ Power Grid),\" it said, adding the demand was to the tune of Rs 4 lakh crore and such a payment would have put the PSUs in a tough spot.
The second order was pertaining to private telcos, where the apex court asked the private sector telecom firms to provide a payment roadmap and security.
Bharti Airtel owes Rs 25,976 crore after paying Rs 18,004 crore.
\"While both will need to raise debt to repay the outstanding dues, Bharti, in our view, is relatively better placed and possibly could furnish bank guarantees\/other possible solutions, as staggered payments will help Bharti to keep investing in the network, address market share, and even address regulatory dues,\" it said.
Bigger concerns seem to be around Vodafone Idea which has already suggested that it will not be able to furnish bank guarantees.
\"That said, we highlight that if Vodafone Idea is asked to pay the dues upfront, it will have no other options but to shut down,\" SBI Caps said. It said the outstanding dues for Vodafone Idea on account of the spectrum is to the tune of USD 11.7 billion, much higher than the AGR dues of USD 6.8 billion.
The same is the case with Bharti, where the spectrum dues are to the tune of USD 5.7 billion, much higher than the AGR dues of USD 3.4 billion, it said.
\"So, any shutdown or focus purely on only the AGR dues may impact the ability of the telcos to repay the spectrum-related dues which are even higher,\" it said.
On the other question around time frame and security, it said if the 20 year time period is used by the government, both from a licence tenure and spectrum lease\/auctions perspective, a similar practice can be applied when it comes to AGR dues.
\"That said, we don't think that the apex court in the final hearing of the matter will allow for 20 years and it is likely to be anything between 10-15 years,\" it said.<\/p><\/body>","next_sibling":[{"msid":76322670,"title":"SC view on AGR payment timelines a breather for Vodafone Idea, Airtel: Analysts","entity_type":"ARTICLE","link":"\/news\/sc-view-on-agr-payment-timelines-a-breather-for-voda-idea-airtel-analysts\/76322670","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"76325054","title":"Telecom1.-Thinkstock","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage\/telecom1-thinkstock","category_name":"Supreme Court unlikely to allow 20 yrs for payment of telco dues: Brokerage","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-406281\/76325054.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage\/telecom1-thinkstock\/76325054"}],"msid":76325982,"entity_type":"ARTICLE","title":"Supreme Court unlikely to allow 20 yrs for payment of telco dues: Brokerage","synopsis":"The Supreme Court on Thursday agreed to consider a government plan of payment of Rs 93,520 crore of balance dues by Vodafone Idea, Bharti Airtel and other telcos over 20 years. It, however, sought to know what guarantees can be sought to ensure telecom companies abide to a timeframe and payment schedule it decides. ","titleseo":"telecomnews\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":490,"shares":0,"engagementtimems":2409000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-06-11 21:00:29","lastupd":"2020-06-11 21:01:44","breadcrumbTags":["agr dues","vodafone idea ltd","Oil India","AGR case","Industry","bharti airtel","SBI Caps","Vodafone","telecom news"],"secinfo":{"seolocation":"telecomnews\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-06-11" data-index="article_1">
最高法院可能允许20年电信费的支付:经纪公司
它,然而,试图知道担保可以试图确保电信公司遵守时间表和付款进度决定。
“法院已经要求私人电信公司提供安全与支付路线图,以允许电信公司偿还AGR费了20多年的时间,”印度国家银行限制证券在其评论法院命令表示。
“在我们看来,电信公司可能会发现很难提供个人担保,因此,法院(是)不太可能允许20年来,最有可能考虑短时间内对沃达丰的想法可能不是好消息,”它说。乐动扑克
沃达丰的想法必须向政府支付58254卢比会费后,10月24日,2019年最高法院的判决要求non-telecom收入纳入调整总收入(AGR)形式的基础计算法定费。的,公司只支付6854卢比。
印度国家银行的帽子说,法院要求有关AGR表示担忧被布置在电源的电信和要求政府重新考虑这些要求。
“我们相信评论从顶点法院表明,电源不需要支付任何的AGR会费和遇到阳性(印度石油/盖尔/电网),”它说,需求是4十万的卢比的曲调和付款将把电源处于艰难境地。
第二个订单是属于私人电信公司,法院要求私营部门电信公司提供一个路线图和安全付款。
Bharti Airtel欠25976卢比后支付18004卢比。
“虽然都需要筹集债务偿还的会费,Bharti,在我们看来,是相对更好,可能可以提供银行担保/其他可能的解决方案,如交错支付将帮助Bharti继续投资于网络,解决市场份额,甚至解决监管费,”它说。
更大的担忧似乎在沃达丰想法已经表明它将无法提供银行担保。
”也就是说,我们强调,如果沃达丰的想法是要求提前支付会费,就没有其他选择,但关闭,”印度国家银行帽说。说,沃达丰的杰出的会费主意的频谱是117亿美元,远高于68亿美元的AGR费。
Bharti的情况一样,频谱费共计57亿美元,远远高于34亿美元的AGR费,。
“所以,任何关闭或纯粹的关注只有AGR费可能会影响电信公司的能力偿还spectrum-related费更高,”它说。
在另约时间框架和安全问题,它说,如果政府用20年的时间,从牌照任期和频谱租赁/拍卖的角度来看,一个类似的练习时可以应用AGR会费。
”说,我们不认为法院最后听到的将允许了20年,10 - 15年之间它可能是任何东西,”它说。
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New Delhi: Telecom companies such as Vodafone Idea Ltd<\/a> may find it tough to furnish personal guarantees as suggested by the Supreme Court as an assurance for clearing all AGR dues<\/a> over a 20 year period, a brokerage said on Thursday. The Supreme Court on Thursday agreed to consider a government plan of payment of Rs 93,520 crore of balance dues by Vodafone<\/a> Idea, Bharti Airtel<\/a> and other telcos over 20 years.
It, however, sought to know what guarantees can be sought to ensure telecom companies abide to a timeframe and payment schedule it decides.
\"The apex court has asked private telcos to provide for security and payment roadmap in an attempt to allow telcos to repay AGR dues over a 20 year period,\" SBI Cap Securities said in its comments on the court order.
It said a holistic picture needs to seen as telcos have to invest in the network to repay both AGR and outstanding spectrum dues.
\"In our view, telcos may find it tough to furnish personal guarantees and as such, the apex court (is) unlikely to allow for 20 years and most likely consider a shorter time frame which may not be good news for Vodafone Idea,\" it said.
Vodafone Idea had to pay Rs 58,254 crore as dues to the government following the October 24, 2019 judgment of the Supreme Court asking non-telecom revenues to be included in adjusted gross revenues (AGR) that form the basis for calculating statutory dues. Of this, the company has paid only Rs 6,854 crore.
SBI Caps<\/a> said the apex court raised concerns about demands pertaining to AGR being furnished on PSUs by the Department of Telecom and has asked the government to reconsider such demands.
\"We believe the commentary from apex court suggests that PSUs need not pay anything on account of AGR dues and comes across as positive for them (Oil India<\/a> \/ GAIL\/ Power Grid),\" it said, adding the demand was to the tune of Rs 4 lakh crore and such a payment would have put the PSUs in a tough spot.
The second order was pertaining to private telcos, where the apex court asked the private sector telecom firms to provide a payment roadmap and security.
Bharti Airtel owes Rs 25,976 crore after paying Rs 18,004 crore.
\"While both will need to raise debt to repay the outstanding dues, Bharti, in our view, is relatively better placed and possibly could furnish bank guarantees\/other possible solutions, as staggered payments will help Bharti to keep investing in the network, address market share, and even address regulatory dues,\" it said.
Bigger concerns seem to be around Vodafone Idea which has already suggested that it will not be able to furnish bank guarantees.
\"That said, we highlight that if Vodafone Idea is asked to pay the dues upfront, it will have no other options but to shut down,\" SBI Caps said. It said the outstanding dues for Vodafone Idea on account of the spectrum is to the tune of USD 11.7 billion, much higher than the AGR dues of USD 6.8 billion.
The same is the case with Bharti, where the spectrum dues are to the tune of USD 5.7 billion, much higher than the AGR dues of USD 3.4 billion, it said.
\"So, any shutdown or focus purely on only the AGR dues may impact the ability of the telcos to repay the spectrum-related dues which are even higher,\" it said.
On the other question around time frame and security, it said if the 20 year time period is used by the government, both from a licence tenure and spectrum lease\/auctions perspective, a similar practice can be applied when it comes to AGR dues.
\"That said, we don't think that the apex court in the final hearing of the matter will allow for 20 years and it is likely to be anything between 10-15 years,\" it said.<\/p><\/body>","next_sibling":[{"msid":76322670,"title":"SC view on AGR payment timelines a breather for Vodafone Idea, Airtel: Analysts","entity_type":"ARTICLE","link":"\/news\/sc-view-on-agr-payment-timelines-a-breather-for-voda-idea-airtel-analysts\/76322670","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"76325054","title":"Telecom1.-Thinkstock","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage\/telecom1-thinkstock","category_name":"Supreme Court unlikely to allow 20 yrs for payment of telco dues: Brokerage","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-406281\/76325054.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage\/telecom1-thinkstock\/76325054"}],"msid":76325982,"entity_type":"ARTICLE","title":"Supreme Court unlikely to allow 20 yrs for payment of telco dues: Brokerage","synopsis":"The Supreme Court on Thursday agreed to consider a government plan of payment of Rs 93,520 crore of balance dues by Vodafone Idea, Bharti Airtel and other telcos over 20 years. It, however, sought to know what guarantees can be sought to ensure telecom companies abide to a timeframe and payment schedule it decides. ","titleseo":"telecomnews\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":490,"shares":0,"engagementtimems":2409000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-06-11 21:00:29","lastupd":"2020-06-11 21:01:44","breadcrumbTags":["agr dues","vodafone idea ltd","Oil India","AGR case","Industry","bharti airtel","SBI Caps","Vodafone","telecom news"],"secinfo":{"seolocation":"telecomnews\/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage"}}" data-news_link="//www.iser-br.com/news/supreme-court-unlikely-to-allow-20-yrs-for-payment-of-telco-dues-brokerage/76325982">
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