![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
In a letter to the Department of Telecommunications<\/a> (DoT<\/a>) dated June 25, the mobile phone company said that due to the adjusted gross revenue (AGR) upfront payment of Rs7854 crore and the upcoming payment of the first instalment of AGR scheduled for March 2022, it won’t be able to pay its spectrum dues which needs to be paid on April 9, 2022.
“…we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April, '22. We are making this request well in advance considering the fact that it is almost inevitable that we will not be able to pay this in Apr, '22 and DoT will need some time for processing this request internally,” Vodafone Idea said in the letter to telecom secretary Anshu Prakash.
ET has reviewed a copy of the letter. Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..
The telco has cited a prolonged period of prices remaining below the costs for a situation where it is facing challenges in meeting some of its large payment obligations. It had hoped that a floor pricing regulation would be brought in in April 2020 which would have addressed the current situation of predatory pricing and losses, but that didn’t happen.
“We are working on raising new funding for the last six months but the investors are not willing to invest in the company because they believe that unless there is significant improvement in the consumer tariffs, the health of the industry will not recover and they will incur a loss on their investment,” Vodafone Idea said.
It further said that it has had to pay Rs7854 crore of cash as upfront payment towards its AGR dues<\/a>. Additionally, it will have to pay the AGR instalments of about Rs9,000 crore in March, 2022 based on the current demands of DoT. The DoT has demanded around Rs58,400 crore of which the telco has paid Rs7,854 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-authors="[" romit guha"]" data-category-name="" data-category_id="" data-date="2021-07-01" data-index="article_1">
新德里消息:沃达丰的想法曾表示,投资者不愿意投入资金投入资金短缺的电信,除非关税的崛起和健康吗行业改善了。补充说,它需要一年偿还Rs8,292卢比的会费相关谱在拍卖会购买,因为它不是从操作和调整生成足够的现金收入总额(AGR)支付拿走流动性。
在一封给电信部(点)6月25日,移动电话公司表示,由于调整后总收入(AGR)预先支付Rs7854卢比的和即将到来的支付第一期的AGR定于2022年3月,它将无法支付其频谱费需要支付4月9日,2022年。
“…我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。我们正在这个请求提前考虑到几乎不可避免,我们将无法支付在4月的22点会需要一些时间来处理这个请求在内部,“沃达丰电信部长安苏普拉卡什在信中表示。
等了这封信的副本。沃达丰想法已在周三说,它写点允许一年支付其频谱费. .
剩下的电信已经引用了长期的价格低于成本的情况下面临挑战在会议的一些大的支付义务。它曾希望地板价格监管将在2020年4月将掠夺性定价的现状和损失,但这并没有发生。
“我们正在筹集新的资金在过去六个月,但投资者不愿意投资于该公司,因为他们相信,除非有重大改善消费者关税,行业的健康不会复苏,他们将对他们的投资蒙受损失,“沃达丰想法说。
进一步说,它不得不支付Rs7854卢比的对其的现金作为预付款AGR费。此外,它将不得不支付的AGR分期Rs9,000卢比的三月,2022年基于当前的需求点。周围的点要求Rs58,400卢比的电信支付Rs7,854卢比。
“我们已经要求改正(点)的要求,并依据这些修正,我们预计这个数字可能会减少大约一半。然而,即使在这样一个减少,流动性的Rs12,500所得带走我们的业务,”承运人说。
因此,AGR的现金用于支付会费和“操作无法生成所需的现金在掠夺性定价的情况下,我们发现,我们将无法支付的分期付款Rs8,292卢比将于4月9日,2022年。因此,我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。”
<\/span><\/figcaption><\/figure>NEW DELHI: Vodafone Idea<\/a> has said that investors are not willing to put in money into the cash-strapped telco unless tariffs rise and the health of the industry<\/a> improves. It added that it needs another year to pay its Rs8,292 crore dues related to spectrum purchased in auctions as it is not generating adequate cash from operations and adjusted gross revenue (AGR) payments are taking away liquidity.
In a letter to the Department of Telecommunications<\/a> (DoT<\/a>) dated June 25, the mobile phone company said that due to the adjusted gross revenue (AGR) upfront payment of Rs7854 crore and the upcoming payment of the first instalment of AGR scheduled for March 2022, it won’t be able to pay its spectrum dues which needs to be paid on April 9, 2022.
“…we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April, '22. We are making this request well in advance considering the fact that it is almost inevitable that we will not be able to pay this in Apr, '22 and DoT will need some time for processing this request internally,” Vodafone Idea said in the letter to telecom secretary Anshu Prakash.
ET has reviewed a copy of the letter. Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..
The telco has cited a prolonged period of prices remaining below the costs for a situation where it is facing challenges in meeting some of its large payment obligations. It had hoped that a floor pricing regulation would be brought in in April 2020 which would have addressed the current situation of predatory pricing and losses, but that didn’t happen.
“We are working on raising new funding for the last six months but the investors are not willing to invest in the company because they believe that unless there is significant improvement in the consumer tariffs, the health of the industry will not recover and they will incur a loss on their investment,” Vodafone Idea said.
It further said that it has had to pay Rs7854 crore of cash as upfront payment towards its AGR dues<\/a>. Additionally, it will have to pay the AGR instalments of about Rs9,000 crore in March, 2022 based on the current demands of DoT. The DoT has demanded around Rs58,400 crore of which the telco has paid Rs7,854 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-news_link="//www.iser-br.com/news/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot/84017420">
<\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-authors="[" romit guha"]" data-category-name="" data-category_id="" data-date="2021-07-01" data-index="article_1">
新德里消息:沃达丰的想法曾表示,投资者不愿意投入资金投入资金短缺的电信,除非关税的崛起和健康吗行业改善了。补充说,它需要一年偿还Rs8,292卢比的会费相关谱在拍卖会购买,因为它不是从操作和调整生成足够的现金收入总额(AGR)支付拿走流动性。
在一封给电信部(点)6月25日,移动电话公司表示,由于调整后总收入(AGR)预先支付Rs7854卢比的和即将到来的支付第一期的AGR定于2022年3月,它将无法支付其频谱费需要支付4月9日,2022年。
“…我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。我们正在这个请求提前考虑到几乎不可避免,我们将无法支付在4月的22点会需要一些时间来处理这个请求在内部,“沃达丰电信部长安苏普拉卡什在信中表示。
等了这封信的副本。沃达丰想法已在周三说,它写点允许一年支付其频谱费. .
剩下的电信已经引用了长期的价格低于成本的情况下面临挑战在会议的一些大的支付义务。它曾希望地板价格监管将在2020年4月将掠夺性定价的现状和损失,但这并没有发生。
“我们正在筹集新的资金在过去六个月,但投资者不愿意投资于该公司,因为他们相信,除非有重大改善消费者关税,行业的健康不会复苏,他们将对他们的投资蒙受损失,“沃达丰想法说。
进一步说,它不得不支付Rs7854卢比的对其的现金作为预付款AGR费。此外,它将不得不支付的AGR分期Rs9,000卢比的三月,2022年基于当前的需求点。周围的点要求Rs58,400卢比的电信支付Rs7,854卢比。
“我们已经要求改正(点)的要求,并依据这些修正,我们预计这个数字可能会减少大约一半。然而,即使在这样一个减少,流动性的Rs12,500所得带走我们的业务,”承运人说。
因此,AGR的现金用于支付会费和“操作无法生成所需的现金在掠夺性定价的情况下,我们发现,我们将无法支付的分期付款Rs8,292卢比将于4月9日,2022年。因此,我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。”
<\/span><\/figcaption><\/figure>NEW DELHI: Vodafone Idea<\/a> has said that investors are not willing to put in money into the cash-strapped telco unless tariffs rise and the health of the industry<\/a> improves. It added that it needs another year to pay its Rs8,292 crore dues related to spectrum purchased in auctions as it is not generating adequate cash from operations and adjusted gross revenue (AGR) payments are taking away liquidity.
In a letter to the Department of Telecommunications<\/a> (DoT<\/a>) dated June 25, the mobile phone company said that due to the adjusted gross revenue (AGR) upfront payment of Rs7854 crore and the upcoming payment of the first instalment of AGR scheduled for March 2022, it won’t be able to pay its spectrum dues which needs to be paid on April 9, 2022.
“…we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April, '22. We are making this request well in advance considering the fact that it is almost inevitable that we will not be able to pay this in Apr, '22 and DoT will need some time for processing this request internally,” Vodafone Idea said in the letter to telecom secretary Anshu Prakash.
ET has reviewed a copy of the letter. Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..
The telco has cited a prolonged period of prices remaining below the costs for a situation where it is facing challenges in meeting some of its large payment obligations. It had hoped that a floor pricing regulation would be brought in in April 2020 which would have addressed the current situation of predatory pricing and losses, but that didn’t happen.
“We are working on raising new funding for the last six months but the investors are not willing to invest in the company because they believe that unless there is significant improvement in the consumer tariffs, the health of the industry will not recover and they will incur a loss on their investment,” Vodafone Idea said.
It further said that it has had to pay Rs7854 crore of cash as upfront payment towards its AGR dues<\/a>. Additionally, it will have to pay the AGR instalments of about Rs9,000 crore in March, 2022 based on the current demands of DoT. The DoT has demanded around Rs58,400 crore of which the telco has paid Rs7,854 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-news_link="//www.iser-br.com/news/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot/84017420">
<\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-authors="[" romit guha"]" data-category-name="" data-category_id="" data-date="2021-07-01" data-index="article_1">
新德里消息:沃达丰的想法曾表示,投资者不愿意投入资金投入资金短缺的电信,除非关税的崛起和健康吗行业改善了。补充说,它需要一年偿还Rs8,292卢比的会费相关谱在拍卖会购买,因为它不是从操作和调整生成足够的现金收入总额(AGR)支付拿走流动性。
在一封给电信部(点)6月25日,移动电话公司表示,由于调整后总收入(AGR)预先支付Rs7854卢比的和即将到来的支付第一期的AGR定于2022年3月,它将无法支付其频谱费需要支付4月9日,2022年。
“…我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。我们正在这个请求提前考虑到几乎不可避免,我们将无法支付在4月的22点会需要一些时间来处理这个请求在内部,“沃达丰电信部长安苏普拉卡什在信中表示。
等了这封信的副本。沃达丰想法已在周三说,它写点允许一年支付其频谱费. .
剩下的电信已经引用了长期的价格低于成本的情况下面临挑战在会议的一些大的支付义务。它曾希望地板价格监管将在2020年4月将掠夺性定价的现状和损失,但这并没有发生。
“我们正在筹集新的资金在过去六个月,但投资者不愿意投资于该公司,因为他们相信,除非有重大改善消费者关税,行业的健康不会复苏,他们将对他们的投资蒙受损失,“沃达丰想法说。
进一步说,它不得不支付Rs7854卢比的对其的现金作为预付款AGR费。此外,它将不得不支付的AGR分期Rs9,000卢比的三月,2022年基于当前的需求点。周围的点要求Rs58,400卢比的电信支付Rs7,854卢比。
“我们已经要求改正(点)的要求,并依据这些修正,我们预计这个数字可能会减少大约一半。然而,即使在这样一个减少,流动性的Rs12,500所得带走我们的业务,”承运人说。
因此,AGR的现金用于支付会费和“操作无法生成所需的现金在掠夺性定价的情况下,我们发现,我们将无法支付的分期付款Rs8,292卢比将于4月9日,2022年。因此,我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。”
<\/span><\/figcaption><\/figure>NEW DELHI: Vodafone Idea<\/a> has said that investors are not willing to put in money into the cash-strapped telco unless tariffs rise and the health of the industry<\/a> improves. It added that it needs another year to pay its Rs8,292 crore dues related to spectrum purchased in auctions as it is not generating adequate cash from operations and adjusted gross revenue (AGR) payments are taking away liquidity.
In a letter to the Department of Telecommunications<\/a> (DoT<\/a>) dated June 25, the mobile phone company said that due to the adjusted gross revenue (AGR) upfront payment of Rs7854 crore and the upcoming payment of the first instalment of AGR scheduled for March 2022, it won’t be able to pay its spectrum dues which needs to be paid on April 9, 2022.
“…we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April, '22. We are making this request well in advance considering the fact that it is almost inevitable that we will not be able to pay this in Apr, '22 and DoT will need some time for processing this request internally,” Vodafone Idea said in the letter to telecom secretary Anshu Prakash.
ET has reviewed a copy of the letter. Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..
The telco has cited a prolonged period of prices remaining below the costs for a situation where it is facing challenges in meeting some of its large payment obligations. It had hoped that a floor pricing regulation would be brought in in April 2020 which would have addressed the current situation of predatory pricing and losses, but that didn’t happen.
“We are working on raising new funding for the last six months but the investors are not willing to invest in the company because they believe that unless there is significant improvement in the consumer tariffs, the health of the industry will not recover and they will incur a loss on their investment,” Vodafone Idea said.
It further said that it has had to pay Rs7854 crore of cash as upfront payment towards its AGR dues<\/a>. Additionally, it will have to pay the AGR instalments of about Rs9,000 crore in March, 2022 based on the current demands of DoT. The DoT has demanded around Rs58,400 crore of which the telco has paid Rs7,854 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
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读到
在一封给电信部(点)6月25日,移动电话公司表示,由于调整后总收入(AGR)预先支付Rs7854卢比的和即将到来的支付第一期的AGR定于2022年3月,它将无法支付其频谱费需要支付4月9日,2022年。
“…我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。我们正在这个请求提前考虑到几乎不可避免,我们将无法支付在4月的22点会需要一些时间来处理这个请求在内部,“沃达丰电信部长安苏普拉卡什在信中表示。
等了这封信的副本。沃达丰想法已在周三说,它写点允许一年支付其频谱费. .
剩下的电信已经引用了长期的价格低于成本的情况下面临挑战在会议的一些大的支付义务。它曾希望地板价格监管将在2020年4月将掠夺性定价的现状和损失,但这并没有发生。
“我们正在筹集新的资金在过去六个月,但投资者不愿意投资于该公司,因为他们相信,除非有重大改善消费者关税,行业的健康不会复苏,他们将对他们的投资蒙受损失,“沃达丰想法说。
进一步说,它不得不支付Rs7854卢比的对其的现金作为预付款AGR费。此外,它将不得不支付的AGR分期Rs9,000卢比的三月,2022年基于当前的需求点。周围的点要求Rs58,400卢比的电信支付Rs7,854卢比。
“我们已经要求改正(点)的要求,并依据这些修正,我们预计这个数字可能会减少大约一半。然而,即使在这样一个减少,流动性的Rs12,500所得带走我们的业务,”承运人说。
因此,AGR的现金用于支付会费和“操作无法生成所需的现金在掠夺性定价的情况下,我们发现,我们将无法支付的分期付款Rs8,292卢比将于4月9日,2022年。因此,我们请求你请给我们一年的暂停支付分期付款,4月23日,而不是4月22日。”
In a letter to the Department of Telecommunications<\/a> (DoT<\/a>) dated June 25, the mobile phone company said that due to the adjusted gross revenue (AGR) upfront payment of Rs7854 crore and the upcoming payment of the first instalment of AGR scheduled for March 2022, it won’t be able to pay its spectrum dues which needs to be paid on April 9, 2022.
“…we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April, '22. We are making this request well in advance considering the fact that it is almost inevitable that we will not be able to pay this in Apr, '22 and DoT will need some time for processing this request internally,” Vodafone Idea said in the letter to telecom secretary Anshu Prakash.
ET has reviewed a copy of the letter. Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..
The telco has cited a prolonged period of prices remaining below the costs for a situation where it is facing challenges in meeting some of its large payment obligations. It had hoped that a floor pricing regulation would be brought in in April 2020 which would have addressed the current situation of predatory pricing and losses, but that didn’t happen.
“We are working on raising new funding for the last six months but the investors are not willing to invest in the company because they believe that unless there is significant improvement in the consumer tariffs, the health of the industry will not recover and they will incur a loss on their investment,” Vodafone Idea said.
It further said that it has had to pay Rs7854 crore of cash as upfront payment towards its AGR dues<\/a>. Additionally, it will have to pay the AGR instalments of about Rs9,000 crore in March, 2022 based on the current demands of DoT. The DoT has demanded around Rs58,400 crore of which the telco has paid Rs7,854 crore.
Read also<\/h4><\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-news_link="//www.iser-br.com/news/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot/84017420">
<\/a><\/figure>Vodafone Idea opens higher ahead of Q4 results<\/a><\/h5><\/div><\/a><\/figure>Auditor doubts Vodafone Idea’s ability to remain a 'going concern'; analysts see 48% drop in stock<\/a><\/h5><\/div><\/div><\/div>
“We have requested for corrections to be made to those (DoT) demands, and basis those corrections, we expect this amount may reduce to about half. However, even after such a reduction, a liquidity of Rs12,500 crore is take away from our business,” the carrier said.
As a result, the cash being used for payment of AGR dues and “the inability of the operations to generate the required cash in a predatory pricing situation, we find that we will be unable to pay the instalment of Rs8,292 crore due on April 9, 2022. Hence, we request you to please grant us another year of moratorium to pay this instalment in April, '23, instead of April 22.”
<\/body>","next_sibling":[{"msid":84016903,"title":"Putin signs law forcing foreign social media giants to open Russian offices","entity_type":"ARTICLE","link":"\/news\/putin-signs-law-forcing-foreign-social-media-giants-to-open-russian-offices\/84016903","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":84017420,"entity_type":"ARTICLE","title":"Investors unwilling to invest in telco until industry health improves: Vodafone Idea to DoT","synopsis":"Vodafone Idea had on Wednesday said that it has written to the DoT to allow it one more year to pay its spectrum dues..","titleseo":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot","status":"ACTIVE","authors":[{"author_name":"Romit Guha","author_link":"\/author\/479232631\/romit-guha","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479232631.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479232631,"author_name":"Romit Guha","author_seo_name":"romit-guha","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":7162,"shares":0,"engagementtimems":25934000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-07-01 16:18:32","lastupd":"2021-07-01 16:18:33","breadcrumbTags":["Vodafone Idea","vodafone idea agr","Department of Telecommunications","DoT","Industry","Vodafone Idea news","Vodafone Idea AGR News","vodafone idea agr dues","vodafone idea limited","agr dues"],"secinfo":{"seolocation":"telecomnews\/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot"}}" data-news_link="//www.iser-br.com/news/investors-unwilling-to-invest-in-telco-until-industry-health-improves-vodafone-idea-to-dot/84017420">
<\/a><\/figure>
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