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\"\"
<\/span><\/figcaption><\/figure> NEW DELHI: The Cabinet<\/a> relaxed spectrum holding limits and allowed telcos more time to pay for airwaves won in auction as part of measures to improve the health of an industry laden with debt amid intense competition.
\n
\nThe easing of holding caps will give a boost to M&As and spectrum sales as carriers try to dispose of assets, including airwaves, to repay debt. Extending the payment tenure for auctioned airwaves from 10 years, excluding a two-year moratorium, to 16 years as a one-time measure, will help increase cash flow and give near-term relief to carriers faced with debt of Rs 7.7 lakh crore besides falling revenue and profitability, the government said in a release on Wednesday.
\n
Telecom<\/a> companies and experts welcomed the relief measures, but said more needs to be done, including lowering levies such as licence fees and spectrum usage charges (SUC) for improving the long-term health of the sector.Government officials however believe the worst is over for the sector, with revenue stabilising.
\n
\n\"With the restructuring of the deferred payment liability, the cash flow for the telecom service providers will be increased in the immediate time frame providing them some relief,\" the government said. \"The increased installment (period) is based upon the principle that the net present value (NPV) of the payment due is protected as per respective notice inviting application for auction of spectrum from 2012. The total amount received will be higher by Rs 74,446.01crore till 2034-35.\"
\n
The extension of the payment tenure and the reduction in interest rate on penalties had been proposed by the interministerial group (IMG) set up to propose measures to alleviate stress in the telecom sector<\/a>. The recommendations had fallen short of the expectations of established telcos such as Bharti Airtel, Idea and Vodafone. Reliance Jio Infocomm, on the other hand, had said there was no need for any relief package at all.
\n
\nThe Cabinet also increased the overall airwaves holding limit to 35% from 25%. Current government rules bar any merged entity from holding more than 25% of the spectrum allocated in a service area or circle, and over 50% in a particular band.
\n
\n\"Revising the limit for the spectrum cap holding will facilitate consolidation of telecom licences and may encourage participation in future auctions,\" the government said. The changed limits may be revisited after the Final Acts of World Radiocommunication Conference (WRC) 2019, a global convention which reviews regulations and international pacts around spectrum.
\n
It endorsed the recommendations of the Telecom Commission<\/a> (TC) headed by telecom secretary Aruna Sundararajan to scrap the 50% limit on intra-band spectrum holdings of telcos. Instead, it decided to impose a separate 50% cap on combined spectrum holdings in the 700 MHz, 800 MHz and 900 MHz bands (sub-1 GHz bands). However, it's unclear if the Cabinet has accepted another TC recommendation - to lower the interest rate on penalties on outstanding dues of telcos from 14% to 12%.
\n
\n\"The new spectrum caps will facilitate consolidation in the industry - Jio and RCom, and Idea and Vodafone,\" said Rajan Mathews, director-general of the Cellular Operators Association of India (COAI). He, however, added that the extension in spectrum payment tenure will have only a minimal benefit through cash flow relief but total payments will increase.
\n
\n\"The systemic issues of the industry still remain unaddressed, like excessive taxes and levies of 30% or more. We hope the government will accelerate these relief measures...,\" said Mathews.
\n
\nMORE NEEDED<\/strong>
\n
Prashant Singhal, TMT head for emerging markets at EY<\/a>, added that the government could have given more relief, especially in areas such as licence fee, revenue share, GST (goods and services tax), given that the sector is the most taxed and that it is now considered an essential service. He said though that the relaxation of spectrum caps was in line with the ongoing consolidation. The merged Vodafone-Idea entity as well as Bharti Airtel, which is taking over the wireless operations of Tata Teleservices, Telenor and Tikona, stand to gain from the enhanced airwaves caps as the companies would not need to sell or return excess frequencies, as they would no longer run afoul of spectrum cap rules.
\n
Jio, too, could benefit as it will be able to mop up more airwaves in the 4G-ready 850 MHz band. Jio holds the maximum amount of airwaves in the 850 MHz band across all 22 circles, and the increased caps will give it the leeway to acquire more spectrum from Reliance Communications<\/a>, which still has 70 MHz of the bandwidth. That depends on the Anil Ambani-owned company being able to overturn an arbitration court ruling that bars it from selling its assets.
\n
\n\"Spectrum caps would help Idea-Vodafone, Airtel and even Jio, if they were to acquire RCom's spectrum,\" said Sanjiv Bhasin, executive vice-president, markets and corporate affairs, at brokerage IIFL. \"It's a shot in the arm, which can help (stock) prices of Bharti Airtel improve, much needed because of the competitive pressures of the ongoing tariff war.\"
\n
\nBharti Airtel, the country's largest telco, however had opposed removing the 50% cap within a band. The company's chairman Sunil Mittal, in an interview to ET, had said the move to remove the intra-band cap was designed to allow \"one operator\" (read Jio) to hold more than 10 MHz in the lucrative 4G band of 850 MHz.<\/body>","next_sibling":[{"msid":63204992,"title":"Telecom sector needs over 47 lakh more workers by 2022: Manoj Sinha","entity_type":"ARTICLE","link":"\/news\/telecom-sector-needs-over-47-lakh-more-workers-by-2022-sinha\/63204992","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":63205237,"entity_type":"ARTICLE","title":"Cabinet approves relief measures for stressed telecom sector","synopsis":"The Cabinet on Wednesday also extended the payments tenure for auctioned airwaves from 12 years, including a two-year moratorium, to 16 years, as a one-time measure, giving much needed relief to carriers reeling under debt burden of more than Rs 7.7 lakh crore.","titleseo":"telecomnews\/cabinet-approves-relief-measures-for-telecom-sector","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-03-07 19:32:05","lastupd":"2018-03-08 10:19:54","breadcrumbTags":["EY","Reliance communications","spectrum sale","Telecom","telecom sector","cabinet","Telecom Commission","IMC2018","policy"],"secinfo":{"seolocation":"telecomnews\/cabinet-approves-relief-measures-for-telecom-sector"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-03-07" data-index="article_1">

内阁批准救援措施强调电信部门

内阁周三也延长了任期内支付拍卖电波从12年,其中包括一个为期两年的禁令,16年,作为一次性措施,给运营商面临着急需救援的债务负担超过十万的7.7卢比。

  • 更新2018年3月8日上午10:19坚持
新德里:内阁放松的频谱限制和允许电信公司更多的时间来支付电波在拍卖的一部分措施改善行业的健康身负重债由于激烈的竞争。

持有帽的宽松政策将推动并购和光谱销售运营商试图处置资产,包括电视广播,偿还债务。任期延长支付拍卖电波从10年,不包括一个为期两年的禁令,16年的一次性措施,将有助于增加现金流,给运营商面临着短期缓解债务7.7十万的卢比除了收入和利润下降,政府周三在一份新闻稿中说。

电信公司和专家救援措施表示欢迎,但是他说需要做更多的工作,包括降低征税许可费和光谱等使用费用(往下)为提高该行业的长期健康。然而政府官员相信最糟糕的时期已经过去,收入稳定。

“延期付款责任的重组,电信服务提供商的现金流将会增加在不久的时间内提供他们减轻痛苦,“政府说。“分期的增加(时期)是基于的原则支付的净现值(NPV)由于保护按照各自通知邀请申请从2012年拍卖的频谱。收到总额将提高Rs 74446 .01crore直到2034 - 35”。

支付任期的延长和降低利率在点球大战中被提出的跨部门小组(IMG)设置提出措施来缓解压力电信部门。建立的建议未能实现的期望的电信公司Bharti Airtel等想法和沃达丰。依赖Jio Infocomm,另一方面,说没有任何救援方案的必要性。

内阁也增加了整个电视控股限制从35%降至25%。现任政府规定禁止任何合并实体持有超过25%的频谱分配在服务区域或圆,和超过50%在一个特定的乐队。

“修改频谱的限制帽控股将促进整合电信牌照和未来可能会鼓励参与拍卖,“政府说。改变限制后可以重新审视世界无线电通信大会的最终行为(写道:2019年,全球公约审查法规和国际协定在光谱。

它支持的建议电信委员会(TC)由电信部长阿鲁娜Sundararajan取消50%的限制intra-band频谱持有的电信公司。相反,它决定实施一个单独的50%上限结合光谱控股在700 MHz, 800 MHz和900 MHz乐队(低于GHz乐队)。然而,目前还不清楚如果内阁已经接受了另一个TC推荐——低利率在点球大战中杰出的会费的电信公司从14%降至12%。

“新谱帽将促进行业的整合——Jio和信实电信,和想法和沃达丰,”Rajan马修斯说,印度手机运营商协会的干事(COAI)。然而,他补充说,扩展频谱支付任期将只有一个最小收益现金流救济但是总支付将会增加。

“行业的系统性问题仍然没有得到解决,如过度捐税30%或更多。我们希望政府将加速这些救济措施……,”马修斯说。

更多的需要

Prashant Singhal, TMT为新兴市场主管莎莉补充说,政府可以给更多的救济,尤其是在执照费等领域,收入份额,销售税(商品及服务税),考虑到该行业最征税,现在被认为是一个重要的服务。他说尽管这放松的频谱限制符合正在进行整合。合并Vodafone-Idea实体以及Bharti Airtel,这是塔塔电信业务的接管无线操作,Telenor Tikona,增强的电波帽并从中获利的公司不需要出售或返回多余的频率,因为他们将不再违反的频谱限制规则。

Jio也可能会从中受益,因为它能够吸收更多的电视广播4 g功能的850 MHz频带。Jio拥有最大数量的电波在850 MHz频段里所有22圈,和增加的上限将给它空间获得更多的频谱信实电信,还有70 MHz带宽。这取决于Anil Ambani-owned公司能够推翻一个仲裁法庭裁决,禁止出售其资产。

“频谱限制将有助于Idea-Vodafone Airtel甚至Jio,如果他们获得的光谱RCom”桑吉夫•哈说,执行副总裁,市场和公司事务,在经纪IIFL。“这是兴奋剂,它可以帮助(股票)Bharti Airtel的价格提高,急需的,因为竞争压力的关税战争。”

Bharti Airtel,然而反对该国最大的电信,去除50%的帽子在一个乐队。公司的董事长苏尼尔•米塔尔等在接受采访时,曾表示,此举将intra-band帽是为了让“操作符”(读Jio)持有超过10 MHz有利可图的4 g带的850 MHz。
  • 发布于2018年3月7日07:32点坚持
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\"\"
<\/span><\/figcaption><\/figure> NEW DELHI: The Cabinet<\/a> relaxed spectrum holding limits and allowed telcos more time to pay for airwaves won in auction as part of measures to improve the health of an industry laden with debt amid intense competition.
\n
\nThe easing of holding caps will give a boost to M&As and spectrum sales as carriers try to dispose of assets, including airwaves, to repay debt. Extending the payment tenure for auctioned airwaves from 10 years, excluding a two-year moratorium, to 16 years as a one-time measure, will help increase cash flow and give near-term relief to carriers faced with debt of Rs 7.7 lakh crore besides falling revenue and profitability, the government said in a release on Wednesday.
\n
Telecom<\/a> companies and experts welcomed the relief measures, but said more needs to be done, including lowering levies such as licence fees and spectrum usage charges (SUC) for improving the long-term health of the sector.Government officials however believe the worst is over for the sector, with revenue stabilising.
\n
\n\"With the restructuring of the deferred payment liability, the cash flow for the telecom service providers will be increased in the immediate time frame providing them some relief,\" the government said. \"The increased installment (period) is based upon the principle that the net present value (NPV) of the payment due is protected as per respective notice inviting application for auction of spectrum from 2012. The total amount received will be higher by Rs 74,446.01crore till 2034-35.\"
\n
The extension of the payment tenure and the reduction in interest rate on penalties had been proposed by the interministerial group (IMG) set up to propose measures to alleviate stress in the telecom sector<\/a>. The recommendations had fallen short of the expectations of established telcos such as Bharti Airtel, Idea and Vodafone. Reliance Jio Infocomm, on the other hand, had said there was no need for any relief package at all.
\n
\nThe Cabinet also increased the overall airwaves holding limit to 35% from 25%. Current government rules bar any merged entity from holding more than 25% of the spectrum allocated in a service area or circle, and over 50% in a particular band.
\n
\n\"Revising the limit for the spectrum cap holding will facilitate consolidation of telecom licences and may encourage participation in future auctions,\" the government said. The changed limits may be revisited after the Final Acts of World Radiocommunication Conference (WRC) 2019, a global convention which reviews regulations and international pacts around spectrum.
\n
It endorsed the recommendations of the Telecom Commission<\/a> (TC) headed by telecom secretary Aruna Sundararajan to scrap the 50% limit on intra-band spectrum holdings of telcos. Instead, it decided to impose a separate 50% cap on combined spectrum holdings in the 700 MHz, 800 MHz and 900 MHz bands (sub-1 GHz bands). However, it's unclear if the Cabinet has accepted another TC recommendation - to lower the interest rate on penalties on outstanding dues of telcos from 14% to 12%.
\n
\n\"The new spectrum caps will facilitate consolidation in the industry - Jio and RCom, and Idea and Vodafone,\" said Rajan Mathews, director-general of the Cellular Operators Association of India (COAI). He, however, added that the extension in spectrum payment tenure will have only a minimal benefit through cash flow relief but total payments will increase.
\n
\n\"The systemic issues of the industry still remain unaddressed, like excessive taxes and levies of 30% or more. We hope the government will accelerate these relief measures...,\" said Mathews.
\n
\nMORE NEEDED<\/strong>
\n
Prashant Singhal, TMT head for emerging markets at EY<\/a>, added that the government could have given more relief, especially in areas such as licence fee, revenue share, GST (goods and services tax), given that the sector is the most taxed and that it is now considered an essential service. He said though that the relaxation of spectrum caps was in line with the ongoing consolidation. The merged Vodafone-Idea entity as well as Bharti Airtel, which is taking over the wireless operations of Tata Teleservices, Telenor and Tikona, stand to gain from the enhanced airwaves caps as the companies would not need to sell or return excess frequencies, as they would no longer run afoul of spectrum cap rules.
\n
Jio, too, could benefit as it will be able to mop up more airwaves in the 4G-ready 850 MHz band. Jio holds the maximum amount of airwaves in the 850 MHz band across all 22 circles, and the increased caps will give it the leeway to acquire more spectrum from Reliance Communications<\/a>, which still has 70 MHz of the bandwidth. That depends on the Anil Ambani-owned company being able to overturn an arbitration court ruling that bars it from selling its assets.
\n
\n\"Spectrum caps would help Idea-Vodafone, Airtel and even Jio, if they were to acquire RCom's spectrum,\" said Sanjiv Bhasin, executive vice-president, markets and corporate affairs, at brokerage IIFL. \"It's a shot in the arm, which can help (stock) prices of Bharti Airtel improve, much needed because of the competitive pressures of the ongoing tariff war.\"
\n
\nBharti Airtel, the country's largest telco, however had opposed removing the 50% cap within a band. The company's chairman Sunil Mittal, in an interview to ET, had said the move to remove the intra-band cap was designed to allow \"one operator\" (read Jio) to hold more than 10 MHz in the lucrative 4G band of 850 MHz.<\/body>","next_sibling":[{"msid":63204992,"title":"Telecom sector needs over 47 lakh more workers by 2022: Manoj Sinha","entity_type":"ARTICLE","link":"\/news\/telecom-sector-needs-over-47-lakh-more-workers-by-2022-sinha\/63204992","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":63205237,"entity_type":"ARTICLE","title":"Cabinet approves relief measures for stressed telecom sector","synopsis":"The Cabinet on Wednesday also extended the payments tenure for auctioned airwaves from 12 years, including a two-year moratorium, to 16 years, as a one-time measure, giving much needed relief to carriers reeling under debt burden of more than Rs 7.7 lakh crore.","titleseo":"telecomnews\/cabinet-approves-relief-measures-for-telecom-sector","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-03-07 19:32:05","lastupd":"2018-03-08 10:19:54","breadcrumbTags":["EY","Reliance communications","spectrum sale","Telecom","telecom sector","cabinet","Telecom Commission","IMC2018","policy"],"secinfo":{"seolocation":"telecomnews\/cabinet-approves-relief-measures-for-telecom-sector"}}" data-news_link="//www.iser-br.com/news/cabinet-approves-relief-measures-for-telecom-sector/63205237">