Mumbai | New Delhi: Vodafone Idea<\/a> (Vi) managing director Ravinder Takkar<\/a> said the telco expects to raise funds shortly and doesn’t need a Plan B just yet, expressing confidence that adjusted gross revenue (AGR) dues will be reduced. 低关税和缺乏一个底价为他们的最大障碍仍在电信业的健康改善,他周五举行的有关收益的电话会议上说。沃达丰的想法不能单方面提高关税,他说。 新德里孟买|:沃达丰的想法(Vi)董事总经理Ravinder Takkar说,电信希望很快筹集资金,不需要一个B计划,表达信心,调整后的总收益(AGR)会费将减少。 Mumbai | New Delhi: Vodafone Idea<\/a> (Vi) managing director Ravinder Takkar<\/a> said the telco expects to raise funds shortly and doesn’t need a Plan B just yet, expressing confidence that adjusted gross revenue (AGR) dues will be reduced.
Low tariffs and the lack of a floor price for them remain the biggest hurdles to improvement in the health of the telecom<\/a> sector, he said on an earnings call Friday. Vodafone Idea can’t raise tariffs unilaterally, he said.
“I don’t think at this point, a Plan B for funding is needed. We have a plan, we are engaged with investors, we expect this to take place. I don’t think we will reach that point (of Plan B),” he said.
The company is “confident that funding will take place in the coming weeks.”
Takkar was referring to the Rs 25,000 crore fundraising plan announced last September which, Vi has said, hasn’t materialised despite six months of talks, with investors wary about the viability of the industry<\/a>. He played down the importance of high adjusted gross revenue (AGR) dues — about Rs 58,400 crore — that it needs to pay the telecom department<\/a> in getting funds.
Vi has already paid Rs 7,854 crore to the Department of Telecommunications (DoT<\/a>) and has to pay Rs 9,000 crore in March 2022, based on current demands, as the first of 10 annual instalments.
“I would say that while this (AGR dues) is an important element, I do not believe that this is a very big hurdle today in the minds of investors who are engaging with us on fundraising,” Takkar told analysts.
The telco, in a letter to the DoT last week, had said that it expects the total AGR dues sought by the government to be halved.
“These are arithmetic errors and omissions — we are very confident that it is not the intent of the government, DoT, to make us pay for these types of errors,” Takkar said. “So, we are very confident that the Supreme Court will allow the DoT to make adjustments based on those errors and omissions that were done in the first round of calculations of the AGR dues.”
Takkar was referring to the modification plea in the Supreme Court that the telco has filed, highlighting what it said were the DoT’s calculation errors. These included the department not accounting for Vi’s earlier payments and double counting of revenue items as well as deductions not granted on access and roaming charges made by Vi to the other telcos.
“The excess demand upon the applicant which is attributable to these errors amounts to Rs 5,932 crore of principal amount, which would have an overall impact of over four times on the total principal amount aforementioned due to imposition of interest, penalty and interest on penalty,” the telco has said.
Vodafone Idea shares closed 3% lower at Rs 8.80 on the BSE Friday, a day after ending nearly 9% lower.
On Wednesday, the company posted a loss of Rs 6,985.1 crore for the quarter ended March, wider than the Rs 4,540.8 crore loss in the October-December quarter, hurt by one-time expenses and continuing high depreciation, amortisation and finance costs and subscriber erosion.
Analysts said Vi needs to generate a significant amount of capital and raise tariffs urgently to avoid accelerated market share loss with its capex sharply lagging behind rivals Bharti Airtel and Reliance Jio Infocomm.
Vi had recently written to the DoT that the poor health of the industry is the main reason why investors were unwilling to infuse funds. In its letter, the operator said it needs another year — until April 2023 — to pay its Rs 8,292 crore dues related to spectrum purchased in auctions. It had cited AGR-related payments that were drawing away liquidity as a reason why it needs another year to pay spectrum dues.
<\/p>Read also<\/h4>
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<\/a><\/figure>Vodafone Idea won't subsidise devices to counter JioPhone Next: Ravinder Takkar<\/a><\/h5><\/div>
<\/a><\/figure>Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea lenders dial Finance Ministry, want relief for telco<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea's tariff plea: Telecom department to seek Trai's view<\/a><\/h5><\/div><\/div><\/div>
On Friday, Takkar said low tariffs and lack of a floor price were the reason it was seeking more time to make the payments.
“As has been mentioned many times by myself, as well as several of the industry players, the biggest issue… that is the problem in this sector today is the pricing, the pricing is much lower than it needs to be,” said Takkar.
Rival Bharti Airtel’s chairman Sunil Mittal had on Thursday raised the same point, saying companies should stop “killing each other” and aim to raise tariffs immediately to improve the health of a sector that’s “gasping for breath”.
“A tariff hike is needed — floor pricing is the best way to implement that,” said Takkar. And, “even when you do floor pricing, it needs to be done at the right price.”
But he, like Mittal, said his company can’t become the first mover on tariff hikes due to competitive pressure. “Vodafone Idea is already at a premium in the market today,” he said. “From a pricing perspective, we have... pushed beyond.”
If price and AGR concerns are not addressed, then the stress in the sector will persist and the government may be forced to allow a payment moratorium, he said.
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很快就会筹集资金:沃达丰知道医学吗
低关税和缺乏一个底价为他们保持的最大障碍改善的健康电信部门,他周五举行的有关收益的电话会议上说。沃达丰的想法不能单方面提高关税,他说。
“我不认为在这一点上,一个B计划所需资金。我们有一个计划,我们是与投资者,我们预计这将发生。我不认为我们会达到这一点(B计划),”他说。
Takkar指的是去年9月公布的25000卢比的筹款计划,六世曾表示,并没有成为现实,尽管六个月的谈判,与投资者谨慎的可行性行业。他淡化了高调整后的总收益的重要性(AGR)费(约58400卢比),它需要支付电信部门获得资金。
六世已经支付7854卢比电信部(点),并支付9000卢比在2022年3月,基于当前的需求,作为第一个10年分期。
“我想说,虽然这(AGR费)是一个重要的元素,我不相信这是一个非常大的障碍在今天的投资者与我们筹款,“Takkar告诉分析师。
电信,在一封给点,上周曾表示,预计总AGR费由政府寻求将减半。
“这些都是算术错误和遗漏,我们非常有信心,这不是政府的意图,点,让我们支付这些类型的错误,“Takkar说。“所以,我们非常相信最高法院允许点做出调整基于这些错误和遗漏,在第一轮完成计算的AGR费。”
Takkar指的是电信的修改请求最高法院提起,强调其所称点的计算错误。这些包括部门不是占六世的早些时候付款和重复计算的收入项目以及扣除不授予访问和漫游费用由其他电信公司Vi。
“过度需求的申请人可归因于这些错误相当于本金的5932卢比,这将有一个整体的影响超过四倍本金总额提到的由于征收利息、罚款和利息点球,“电信说。
沃达丰股价收低3%,报8.80 Rs想法BSE周五,一天后结束低近9%。
周三,该公司亏损6985。1卢比的季度截至3月,超过4540。8卢比损失在去年第四季度,受一次性费用和持续的高折旧,摊销和金融成本和用户流失。
分析师称Vi需要生成大量的资本和提高关税迫切,避免加速市场份额损失的资本支出大幅落后于竞争对手Bharti Airtel和依赖Jio Infocomm。
Vi最近写的点行业的健康状况不佳的主要原因是投资者不愿意注入资金。操作员在信中说,这需要一年,直到2023年4月支付8292卢比费相关频谱拍卖购买。它援引AGR-related支付了画流动性为什么它需要一年支付会费。
读也
周五,Takkar表示低关税和缺乏一个底价是原因是寻求更多的时间来偿还。
”多次提到自己,以及行业的几名球员,最大的问题…今天的问题在这个部门的定价,定价远低于它需要,“Takkar说。
竞争对手Bharti Airtel董事长苏尼尔•米塔尔周四提出了这个观点,说公司应该停止互相残杀”,旨在提高关税立即改善卫生部门的“气不接下气”。
“需要关税上调——地板价格是最好的方法来实现,“Takkar说。,“即使你做地板的定价,它需要做在正确的价格。”
米塔尔一样,但他说他的公司不能成为先行者关税上涨由于竞争压力。“沃达丰的想法已经溢价在今天的市场,”他说。“从价格的角度来看,我们有…按之外。”
如果价格和AGR问题不解决,那么该行业的压力将持续,政府可能会被迫允许暂停付款,他说。
Low tariffs and the lack of a floor price for them remain the biggest hurdles to improvement in the health of the telecom<\/a> sector, he said on an earnings call Friday. Vodafone Idea can’t raise tariffs unilaterally, he said.
“I don’t think at this point, a Plan B for funding is needed. We have a plan, we are engaged with investors, we expect this to take place. I don’t think we will reach that point (of Plan B),” he said.
The company is “confident that funding will take place in the coming weeks.”
Takkar was referring to the Rs 25,000 crore fundraising plan announced last September which, Vi has said, hasn’t materialised despite six months of talks, with investors wary about the viability of the industry<\/a>. He played down the importance of high adjusted gross revenue (AGR) dues — about Rs 58,400 crore — that it needs to pay the telecom department<\/a> in getting funds.
Vi has already paid Rs 7,854 crore to the Department of Telecommunications (DoT<\/a>) and has to pay Rs 9,000 crore in March 2022, based on current demands, as the first of 10 annual instalments.
“I would say that while this (AGR dues) is an important element, I do not believe that this is a very big hurdle today in the minds of investors who are engaging with us on fundraising,” Takkar told analysts.
The telco, in a letter to the DoT last week, had said that it expects the total AGR dues sought by the government to be halved.
“These are arithmetic errors and omissions — we are very confident that it is not the intent of the government, DoT, to make us pay for these types of errors,” Takkar said. “So, we are very confident that the Supreme Court will allow the DoT to make adjustments based on those errors and omissions that were done in the first round of calculations of the AGR dues.”
Takkar was referring to the modification plea in the Supreme Court that the telco has filed, highlighting what it said were the DoT’s calculation errors. These included the department not accounting for Vi’s earlier payments and double counting of revenue items as well as deductions not granted on access and roaming charges made by Vi to the other telcos.
“The excess demand upon the applicant which is attributable to these errors amounts to Rs 5,932 crore of principal amount, which would have an overall impact of over four times on the total principal amount aforementioned due to imposition of interest, penalty and interest on penalty,” the telco has said.
Vodafone Idea shares closed 3% lower at Rs 8.80 on the BSE Friday, a day after ending nearly 9% lower.
On Wednesday, the company posted a loss of Rs 6,985.1 crore for the quarter ended March, wider than the Rs 4,540.8 crore loss in the October-December quarter, hurt by one-time expenses and continuing high depreciation, amortisation and finance costs and subscriber erosion.
Analysts said Vi needs to generate a significant amount of capital and raise tariffs urgently to avoid accelerated market share loss with its capex sharply lagging behind rivals Bharti Airtel and Reliance Jio Infocomm.
Vi had recently written to the DoT that the poor health of the industry is the main reason why investors were unwilling to infuse funds. In its letter, the operator said it needs another year — until April 2023 — to pay its Rs 8,292 crore dues related to spectrum purchased in auctions. It had cited AGR-related payments that were drawing away liquidity as a reason why it needs another year to pay spectrum dues.
<\/p>Read also<\/h4>
<\/a><\/figure>Vodafone Idea won't subsidise devices to counter JioPhone Next: Ravinder Takkar<\/a><\/h5><\/div>
<\/a><\/figure>Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea lenders dial Finance Ministry, want relief for telco<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea's tariff plea: Telecom department to seek Trai's view<\/a><\/h5><\/div><\/div><\/div>
On Friday, Takkar said low tariffs and lack of a floor price were the reason it was seeking more time to make the payments.
“As has been mentioned many times by myself, as well as several of the industry players, the biggest issue… that is the problem in this sector today is the pricing, the pricing is much lower than it needs to be,” said Takkar.
Rival Bharti Airtel’s chairman Sunil Mittal had on Thursday raised the same point, saying companies should stop “killing each other” and aim to raise tariffs immediately to improve the health of a sector that’s “gasping for breath”.
“A tariff hike is needed — floor pricing is the best way to implement that,” said Takkar. And, “even when you do floor pricing, it needs to be done at the right price.”
But he, like Mittal, said his company can’t become the first mover on tariff hikes due to competitive pressure. “Vodafone Idea is already at a premium in the market today,” he said. “From a pricing perspective, we have... pushed beyond.”
If price and AGR concerns are not addressed, then the stress in the sector will persist and the government may be forced to allow a payment moratorium, he said.
<\/span>
ETTelecom Interviews: Vodafone Idea MD & CEO Ravinder Takkar<\/a><\/div><\/div>
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