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电信救济措施提供年度现金流喘息，鼓励投资5G:行业专家
专家们对内阁周三宣布的大胆措施表示欢迎。
新德里:电信救济措施政府宣布将为该公司提供每年约4600亿卢比的现金流喘息行业．
根据ICRA的评估，AGR会费的暂停将为整个行业提供约14000亿卢比的年度现金流喘息，而频谱费的暂停将为整个行业提供另外3200亿卢比的年度现金流缓解。
“4年的暂停期给了该行业足够的时间通过提高关税来进行根本性的改善，从行业的角度来看，这是至关重要的。其他措施，如AGR定义的合理化，在未来是EBITDA增长，频谱共享SUC的减少，在一定程度上缓解了共享和现金流，”Sabyasachi Majumdar，高级副总裁兼集团主管-企业评级。ICRA有限说。
“我们欢迎政府就电信行业急需的改革做出大胆和前瞻性的决定。这些决定表明，政府的意图是在电信部门进行急需的结构改革，并为数字印度的成功编写脚本。这些措施将大大缓解该行业面临的财务压力，促进投资，鼓励健康竞争，并为客户提供选择，”印度移动运营商协会(蜂窝运营商协会)总干事S.P. Kochhar说。COAI）.
印度电信监管机构TRAI表示:“这些改革将极大地推动该行业的发展，并促进对下一代技术的进一步投资，帮助印度进一步加强其作为全球数字经济主要参与者的地位。”
KS Legal & Associates的执行合伙人索纳姆·钱德瓦尼(Sonam Chandwani)表示，这一声明将给陷入困境的电信运营商带来更多好处沃达丰的想法他们急需喘息的空间，因为他们支付了数百万卢比的未准备的法定会费。“债务被推迟，而不是完全注销。银行协会松了一口气，因为他们欠了一大笔钱沃达丰(Vodafone)．虽然目前还不清楚沃达丰将如何偿还债务，但额外的时间确实有助于压力管理。”
缓解沃达丰的想法:内阁批准4年暂停电信费用;改变AGR定义
周三，内阁宣布了一项电信救助计划，其中包括改变有争议的调整后总收入(AGR)的定义，并暂停四年的利率。
Cyril Amarchand Mangaldas的合伙人Sameer Chugh表示:“从AGR定义中删除非电信收入和取消罚款是一个急需的变化。这种额外的负担在过去损害了电信行业，现在将为电信企业进行更高的资本投资铺平道路。”
德勤印度合伙人兼电信行业负责人Peeyush Vaish呼应了类似的观点，他说:“通过排除非电信收入和100% FDI来合理化AGR的定义，向外国投资者发出了一个明确的信号，即印度致力于推进改革，促进该行业的增长，并创造一个健康的竞争环境。”
“所采取的措施显然将消除该行业隐现的一些不确定性。它在各个方面提供了非常需要的清晰度，并可能导致较少的诉讼和纠纷。总的来说，它应该会导致一个更稳定的制度，并有助于吸引更多的投资，现在100%的外国直接投资通过自动途径被批准，”安永新兴市场技术、媒体、娱乐和电信(TMT)负责人Prashant Singhal说。
辛格尔指出，频谱支付和AGR会费的4年暂停将有助于解决该行业的财务压力，而将到期金额转换为股权的选项将使电信公司投资于更新的技术并迎来创新。“政府将真正参与到行业的发展中来。”
不过他也提醒道:“游戏行业仍然需要通过提高关税和新的收入来源将ARPU翻一番，才能让这个行业更具吸引力。此外，许可证收费和商品及服务税也需要合理化。”
“对电信公司的救助计划是非常必要的，不仅是为了带来电信行业的稳定，也是为了向现有和潜在的投资者提供保证。长期以来，人们一直要求改变AGR的定义，排除非电信收入，这可能会给电信运营商带来很多安慰。执照费是否会从目前的8%降至6%也很有趣。延期付款的提议将极大地帮助电信公司，电信公司在这个阶段正在流血，并可能提供生命的租约，”AnantLaw合伙人Rahul Goel说
“改革将促进电信行业的就业、增长、竞争和消费者利益。这一举措不仅将促进宽带和电信连接的普及和渗透，还将促进该国建立强大的数字基础设施，”数字基础设施提供商协会(DIPA，前身为TAIPA)总干事T.R.Dua说。
穆克什·安巴尼表示，政府的电信改革将加强该行业
“电信行业是经济的主要推动者之一，也是使印度成为数字社会的关键推动者，我欢迎印度宣布的改革和救济措施，这些措施将使该行业实现数字印度的目标。我感谢总理先生的这一大胆举措，”信实工业董事长穆克什·d·安巴尼说。
![\"Telecom](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/figure>NEW DELHI: The telecom relief measures<\/a> announced by the government will provide an annual cash flow breather of about Rs 46,000 crore for the industry<\/a>.
The moratorium on AGR dues will provide an annual cash flow breather of around Rs. 14,000 crore while the moratorium on spectrum dues will give another Rs. 32,000 crores of annual cash flow relief for the industry as a whole, according to an assessment by ICRA.
\u201cA moratorium of 4 years gives enough time for the industry to carry out fundamental improvements by way of increasing tariffs, which is critical from the industry perspective. Other measures like rationalizing of the AGR definition prospectively is EBITDA accretive and a reduction in SUC on spectrum sharing eases the sharing and cash flows to some extent,\u201d Sabyasachi Majumdar, Senior Vice President & Group Head - Corporate Ratings, ICRA Limited<\/a> said.
<\/div><\/div>Experts welcome the government\u2019s decision on the reforms for the telecom sector.
\u201cWe welcome the Government\u2019s bold and forward looking decision on the much-needed reforms for the telecom sector. The decisions are an indication of the Government\u2019s intent for the much-needed structural reforms in the telecommunications sector and in scripting the success of Digital India. These steps would go a long way in relieving the financial stress the sector is facing, boosting investments, encouraging healthy competition and in offering choice to customers,\u201d said S.P. Kochhar, Director-General, Cellular Operators Association of India (COAI<\/a>).
Telecom Regulator TRAI said,\"These reforms will provide a major boost to the sector and catalyze further investment in the next generation technologies and help India to further strengthen its position as major player in the global digital economy.\"
Sonam Chandwani, Managing Partner at KS Legal & Associates said the announcement will give troubled telecom carriers like Vodafone Idea<\/a> much-needed breathing room as they pay millions of crores of rupees in unprovisioned previous statutory dues. \u201cThe liability is postponed rather than totally written off. The banks association breathes a sigh of relief, as they owe large sums to Vodafone<\/a>. Though it is unclear how Vodafone will pay off the obligations, the extra time does help with stress management.\u201d
\u201cWe welcome the Government\u2019s bold and forward looking decision on the much-needed reforms for the telecom sector. The decisions are an indication of the Government\u2019s intent for the much-needed structural reforms in the telecommunications sector and in scripting the success of Digital India. These steps would go a long way in relieving the financial stress the sector is facing, boosting investments, encouraging healthy competition and in offering choice to customers,\u201d said S.P. Kochhar, Director-General, Cellular Operators Association of India (COAI<\/a>).
Telecom Regulator TRAI said,\"These reforms will provide a major boost to the sector and catalyze further investment in the next generation technologies and help India to further strengthen its position as major player in the global digital economy.\"
Sonam Chandwani, Managing Partner at KS Legal & Associates said the announcement will give troubled telecom carriers like Vodafone Idea<\/a> much-needed breathing room as they pay millions of crores of rupees in unprovisioned previous statutory dues. \u201cThe liability is postponed rather than totally written off. The banks association breathes a sigh of relief, as they owe large sums to Vodafone<\/a>. Though it is unclear how Vodafone will pay off the obligations, the extra time does help with stress management.\u201d
<\/div><\/div>The Cabinet on Wednesday announced a telecom relief package as part of nine big reforms and five process reforms. The package includes a moratorium with interest rates for four years, a change in the definition of contentious Adjusted Gross Revenues (AGR), 100% FDI through automatic route, spectrum sharing, single-window RoW clearance for tower installation and digital KYC among others.