沃达丰想法任命印度国家银行限制贷款重新谈判高达23000卢比,电信 - ldsports25.pro

New Delhi\/Mumbai: Vodafone Idea<\/a> has appointed SBI Capital Markets<\/a> to negotiate the restructuring of loans worth Rs 20,000-23,000 crore that the loss-making telco is due to repay within the next four years.

The cash-strapped company has also sought an additional half billion dollars as loans for capex requirements critical to expand its 4G network and arrest subscriber losses to rivals Reliance Jio Infocomm<\/a> and Bharti Airtel<\/a>, two people familiar with the matter said.

“SBI Capital Markets was appointed last week and is going to lead the negotiations with the consortium of banks and also to discuss raising another half billion dollars for its capex,” said one of them.

A banker aware of the operator's plans said that Vodafone Idea is in the process of submitting a comprehensive restructuring plan that includes the recast of loans, standstill on interest payments, longer payment tenures and lower interest rates.

“We are not averse to the proposal as it’s a standard account and some handholding will go a long way in reviving the operator,” the banker said.

The move is part of Vodafone Idea’s overall capital-raising plans as the company tries to resurrect finances and operations, leveraging the relief package announced by the government in September.

The discussions are taking place as the company’s March-end deadline to raise equity capital for operations approaches. The telco has held talks to sell a minority stake to global private equity investors, including Apollo Global Management<\/a> and Carlyle to raise up to $1 billion, ET reported earlier.

At the same time, it is also considering the sale of overseas convertible bonds to raise $750 million to $1 billion ((₹5,550-7,400 crore) at the earliest. “This (bond issue) was supposed to happen around first week of February but has been pushed ahead by a few weeks,” said the person cited above.

Vodafone Idea and its lenders are looking to recast outstanding loans under the Reserve Bank of India<\/a>’s June 2019 restructuring framework. Under this, banks can allow renegotiation of loan dues to improve the company’s liquidity if the promoter brings in equity.

ET reported earlier that Aditya Birla Group chairman Kumar Mangalam Birla may be considering infusing some of his own capital--around $200 million--into Vodafone Idea. The other parent, Vodafone Group, may explore monetising a small part of its 28.12% stake in Indus Towers and channel it into Vodafone Idea.

The company's net loss for the fiscal third quarter ended December 31 widened to Rs 7,234.1 crore from Rs 7,144.6 crore in the year earlier as operating and interest expenses rose.

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\"Vodafone

New Delhi\/Mumbai: Vodafone Idea<\/a> has appointed SBI Capital Markets<\/a> to negotiate the restructuring of loans worth Rs 20,000-23,000 crore that the loss-making telco is due to repay within the next four years.

The cash-strapped company has also sought an additional half billion dollars as loans for capex requirements critical to expand its 4G network and arrest subscriber losses to rivals Reliance Jio Infocomm<\/a> and Bharti Airtel<\/a>, two people familiar with the matter said.

“SBI Capital Markets was appointed last week and is going to lead the negotiations with the consortium of banks and also to discuss raising another half billion dollars for its capex,” said one of them.

A banker aware of the operator's plans said that Vodafone Idea is in the process of submitting a comprehensive restructuring plan that includes the recast of loans, standstill on interest payments, longer payment tenures and lower interest rates.

“We are not averse to the proposal as it’s a standard account and some handholding will go a long way in reviving the operator,” the banker said.

The move is part of Vodafone Idea’s overall capital-raising plans as the company tries to resurrect finances and operations, leveraging the relief package announced by the government in September.

The discussions are taking place as the company’s March-end deadline to raise equity capital for operations approaches. The telco has held talks to sell a minority stake to global private equity investors, including Apollo Global Management<\/a> and Carlyle to raise up to $1 billion, ET reported earlier.

At the same time, it is also considering the sale of overseas convertible bonds to raise $750 million to $1 billion ((₹5,550-7,400 crore) at the earliest. “This (bond issue) was supposed to happen around first week of February but has been pushed ahead by a few weeks,” said the person cited above.

Vodafone Idea and its lenders are looking to recast outstanding loans under the Reserve Bank of India<\/a>’s June 2019 restructuring framework. Under this, banks can allow renegotiation of loan dues to improve the company’s liquidity if the promoter brings in equity.

ET reported earlier that Aditya Birla Group chairman Kumar Mangalam Birla may be considering infusing some of his own capital--around $200 million--into Vodafone Idea. The other parent, Vodafone Group, may explore monetising a small part of its 28.12% stake in Indus Towers and channel it into Vodafone Idea.

The company's net loss for the fiscal third quarter ended December 31 widened to Rs 7,234.1 crore from Rs 7,144.6 crore in the year earlier as operating and interest expenses rose.

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\"Vodafone