\n
\nSBI is understood to be carrying the largest exposure to the telecom industry, and Bhattacharya is now seeking duty waivers and deferred spectrum payments to save the bleeding telecom companies.
\n
\"The stress in the sector has reached highly unsustainable levels after the entry of new players and launch of free services, which led to erosion of EBITDA (earnings before interest, taxes, depreciation and amortisation) of the telecom service providers,\" Bhattacharya wrote in a letter to telecom secretary Aruna Sundararajan<\/a>.
\n
\nThe letter further stated that it may be difficult for telecom companies to sustain the pressure. \"The data with us suggests that the total EBITDA of the sector on an annualised basis is Rs 65,000 crore, which is clearly unsustainable for debt of more than Rs 4 lakh crore,\" the SBI chairperson said.
\n
\nThe SBI chairperson said there was a need for \"immediate intervention to stem the slide\" and the government should offer a bailout deal to players.
\n
\nThe relief package should include \"deferred payment liability\" for spectrum purchases that should be aligned to the life of the spectrum holding by telcos, which is 20 years. Against the current payback plan where companies need to pay for spectrum in 10 years after a two-year moratorium, Bhattacharya suggested a moratorium of five years and repayment in 15 years thereafter.
\n
\nThe SBI chairperson also sought \"rationalisation of regulatory charges\" in view of the \"heavy burden of industry-specific levy\" on telecom companies. She said against the proposed 18% GST rate, the government should bring it down to 5%, \"given the criticality of the sector to the Indian economy and cellular service becoming a necessity today\".
\n
\nShe further said the 5% licence fee taken towards Universal Service Obligation (USO) Fund should be dispensed with as mobile services are now pan-India with deep penetration. \"Also, accumulated USO Fund has already reached more than Rs 45,000 crore.\"
\n
\nBhattacharya said the telecom industry was passing through a \"crisis\", which follows years of growth and expansion. \"The sector went through its first crisis in the wake of the sweeping cancellation of licences by the courts.
\n
\nHowever, since then the sector has forged ahead and hugely increased mobile penetration in the country. Given this scenario, banks also lent large amounts to the sector for expansion as well as purchase of spectrum through auctions,\" she said, adding that \"As lenders, we are highly exposed to the telecom sector\".
\n
\n\n<\/body>","next_sibling":[{"msid":58956288,"title":"Moody's lowers RCom unit GCX's bond rating","entity_type":"ARTICLE","link":"\/news\/moodys-lowers-rcom-unit-gcxs-bond-rating\/58956288","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58956358,"entity_type":"ARTICLE","title":"Telecom industry's debt at unsustainable level: SBI","synopsis":"The country's largest bank SBI has sounded alarm bells over troubles of the telecom industry with its chairperson Arundhati Bhattacharya","titleseo":"telecomnews\/telecom-industrys-debt-at-unsustainable-level-sbi","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2017-06-02 09:53:36","lastupd":"2017-06-02 09:56:35","breadcrumbTags":["SBI","industry","Arundhati Bhattacharya","Aruna Sundararajan","Telecom debt"],"secinfo":{"seolocation":"telecomnews\/telecom-industrys-debt-at-unsustainable-level-sbi"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-06-02" data-index="article_1">
新德里:中国最大的银行印度国家银行敲响警钟了电信的问题吗行业与它的主席阿兰达蒂巴塔查里亚写信给政府关于“高度不可持续的水平”移动公司的债务。电信行业向银行业的债务估计4十万的卢比。
据悉,印度国家银行携带最大的电信行业,和巴塔查里亚现在是寻求责任豁免光谱和递延支付保存出血电信公司。
”部门的压力已经达到了高度不可持续的水平后,新玩家的进入和推出的免费服务,导致侵蚀的息税前利润(利息、税项、折旧及摊销前利润)的电信服务提供商,“巴塔查里亚致函电信部长一边抚摸Sundararajan。
这封信进一步表示,电信公司可能难以维持的压力。“与我们的数据表明,该行业的总EBITDA按年率计算为65000卢比,这显然是不可持续的债务超过4十万的卢比,”印度国家银行主席说。
印度国家银行主席表示,需要“立即干预以阻止下滑”,政府应该提供救助协议的球员。
救援方案应该包括“延期付款责任”购买频谱应一致的光谱的生活由电信公司控股,也就是20年。反对当前的回报计划,公司需要支付10年来光谱经过两年的禁令,Bhattacharya建议暂停之后的五年和15年还款。
印度国家银行主席还寻求“监管费用合理化”的“行业征收沉重的负担”的电信公司。她说对提议的18%的销售税税率,政府应该把它降至5%,“鉴于该行业的临界印度经济和细胞服务成为一种必需品今天”。
她进一步表示,5%的许可证费对普遍服务义务(USO)基金应该摒弃移动服务现在pan-India深层渗透。”也,USO积累基金已经达到超过45000卢比。”
巴塔查里亚说,电信行业是通过一个“危机”,此前几年的增长和扩张。“部门首次经历危机后的全面取消执照由法院。
然而,从那时起,该行业稳步前进,手机普及率大大增加。鉴于这种情况,银行也借给该领域大量扩张以及通过拍卖购买的频谱,”她补充说,“作为贷款人,我们高度暴露在电信部门”。
据悉,印度国家银行携带最大的电信行业,和巴塔查里亚现在是寻求责任豁免光谱和递延支付保存出血电信公司。
”部门的压力已经达到了高度不可持续的水平后,新玩家的进入和推出的免费服务,导致侵蚀的息税前利润(利息、税项、折旧及摊销前利润)的电信服务提供商,“巴塔查里亚致函电信部长一边抚摸Sundararajan。
这封信进一步表示,电信公司可能难以维持的压力。“与我们的数据表明,该行业的总EBITDA按年率计算为65000卢比,这显然是不可持续的债务超过4十万的卢比,”印度国家银行主席说。
印度国家银行主席表示,需要“立即干预以阻止下滑”,政府应该提供救助协议的球员。
救援方案应该包括“延期付款责任”购买频谱应一致的光谱的生活由电信公司控股,也就是20年。反对当前的回报计划,公司需要支付10年来光谱经过两年的禁令,Bhattacharya建议暂停之后的五年和15年还款。
印度国家银行主席还寻求“监管费用合理化”的“行业征收沉重的负担”的电信公司。她说对提议的18%的销售税税率,政府应该把它降至5%,“鉴于该行业的临界印度经济和细胞服务成为一种必需品今天”。
她进一步表示,5%的许可证费对普遍服务义务(USO)基金应该摒弃移动服务现在pan-India深层渗透。”也,USO积累基金已经达到超过45000卢比。”
巴塔查里亚说,电信行业是通过一个“危机”,此前几年的增长和扩张。“部门首次经历危机后的全面取消执照由法院。
然而,从那时起,该行业稳步前进,手机普及率大大增加。鉴于这种情况,银行也借给该领域大量扩张以及通过拍卖购买的频谱,”她补充说,“作为贷款人,我们高度暴露在电信部门”。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动