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Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/span>ETTelecom Interviews: Vodafone Idea MD Ravinder Takkar on spectrum pricing, availability for 5G<\/a><\/div><\/div>
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沃达丰的想法比以往任何时候都更要从银行筹集20000卢比,外部投资者:Ravinder Takkar
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
新德里消息:沃达丰的想法比它更接近“过”的大约20000卢比更需要从银行和外部投资者承担竞争对手依赖Jio和Bharti Airtel更有效地在市场上,资金短缺的电信运营商的常务董事说。
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
读也
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
<\/span><\/figcaption><\/figure>New Delhi: Vodafone Idea<\/a> is closer than it “has ever been” to tie up the roughly Rs 20,000 crore more it needs from lenders and external investors to take on rivals Reliance Jio<\/a> and Bharti Airtel<\/a> more effectively in the market, the cash-strapped telecom operator’s managing director said.
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/span>ETTelecom Interviews: Vodafone Idea MD Ravinder Takkar on spectrum pricing, availability for 5G<\/a><\/div><\/div>
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- Telecom乐动扑克News
- 5分钟读
沃达丰的想法比以往任何时候都更要从银行筹集20000卢比,外部投资者:Ravinder Takkar
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
新德里消息:沃达丰的想法比它更接近“过”的大约20000卢比更需要从银行和外部投资者承担竞争对手依赖Jio和Bharti Airtel更有效地在市场上,资金短缺的电信运营商的常务董事说。
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
读也
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
<\/span><\/figcaption><\/figure>New Delhi: Vodafone Idea<\/a> is closer than it “has ever been” to tie up the roughly Rs 20,000 crore more it needs from lenders and external investors to take on rivals Reliance Jio<\/a> and Bharti Airtel<\/a> more effectively in the market, the cash-strapped telecom operator’s managing director said.
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/span>ETTelecom Interviews: Vodafone Idea MD Ravinder Takkar on spectrum pricing, availability for 5G<\/a><\/div><\/div>
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- Telecom乐动扑克News
- 5分钟读
沃达丰的想法比以往任何时候都更要从银行筹集20000卢比,外部投资者:Ravinder Takkar
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
新德里消息:沃达丰的想法比它更接近“过”的大约20000卢比更需要从银行和外部投资者承担竞争对手依赖Jio和Bharti Airtel更有效地在市场上,资金短缺的电信运营商的常务董事说。
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
读也
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
<\/span><\/figcaption><\/figure>New Delhi: Vodafone Idea<\/a> is closer than it “has ever been” to tie up the roughly Rs 20,000 crore more it needs from lenders and external investors to take on rivals Reliance Jio<\/a> and Bharti Airtel<\/a> more effectively in the market, the cash-strapped telecom operator’s managing director said.
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/span>ETTelecom Interviews: Vodafone Idea MD Ravinder Takkar on spectrum pricing, availability for 5G<\/a><\/div><\/div>
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沃达丰的想法比以往任何时候都更要从银行筹集20000卢比,外部投资者:Ravinder Takkar
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
新德里消息:沃达丰的想法比它更接近“过”的大约20000卢比更需要从银行和外部投资者承担竞争对手依赖Jio和Bharti Airtel更有效地在市场上,资金短缺的电信运营商的常务董事说。
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
读也
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
<\/span><\/figcaption><\/figure>New Delhi: Vodafone Idea<\/a> is closer than it “has ever been” to tie up the roughly Rs 20,000 crore more it needs from lenders and external investors to take on rivals Reliance Jio<\/a> and Bharti Airtel<\/a> more effectively in the market, the cash-strapped telecom operator’s managing director said.
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/span>ETTelecom Interviews: Vodafone Idea MD Ravinder Takkar on spectrum pricing, availability for 5G<\/a><\/div><\/div>
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沃达丰的想法比以往任何时候都更要从银行筹集20000卢比,外部投资者:Ravinder Takkar
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
新德里消息:沃达丰的想法比它更接近“过”的大约20000卢比更需要从银行和外部投资者承担竞争对手依赖Jio和Bharti Airtel更有效地在市场上,资金短缺的电信运营商的常务董事说。
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
读也
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
<\/span><\/figcaption><\/figure>New Delhi: Vodafone Idea<\/a> is closer than it “has ever been” to tie up the roughly Rs 20,000 crore more it needs from lenders and external investors to take on rivals Reliance Jio<\/a> and Bharti Airtel<\/a> more effectively in the market, the cash-strapped telecom operator’s managing director said.
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
ETTelecom Interviews: Vodafone Idea MD Ravinder Takkar on spectrum pricing, availability for 5G<\/a><\/div><\/div>
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新德里消息:沃达丰的想法比它更接近“过”的大约20000卢比更需要从银行和外部投资者承担竞争对手依赖Jio和Bharti Airtel更有效地在市场上,资金短缺的电信运营商的常务董事说。
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
<\/span><\/figcaption><\/figure>New Delhi: Vodafone Idea<\/a> is closer than it “has ever been” to tie up the roughly Rs 20,000 crore more it needs from lenders and external investors to take on rivals Reliance Jio<\/a> and Bharti Airtel<\/a> more effectively in the market, the cash-strapped telecom operator’s managing director said.
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4>
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- Telecom乐动扑克News
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沃达丰的想法比以往任何时候都更要从银行筹集20000卢比,外部投资者:Ravinder Takkar
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
读到
完成练习发行公司的股票,政府对延迟法定利息支付“指日可待”,Ravinder Takkar告诉等。这是最后一个盒子之前,需要检查资金安排,增加了53岁,掌舵的亏损2019年8月以来电信。
有稳定的迹象,沃达丰的复兴,并运行一个“马拉松”在一个伟大的“乐观”的市场,在公司内部,他说。
Takkar说,他没有伤害或心烦意乱,但是很惊讶,最近的评论Bharti Airtel董事长苏尼尔•米塔尔,沃达丰印度和想法细胞之间的文化差异是一个合并后的实体的斗争的主要原因。
“他(Mittal)自己也承认,他的公司(旅馆)多次一直处于崩溃的边缘。他承认,他已经恢复强从每个其中之一。所以,如果他看到自己出现更强的从他的艰难时期,我不知道为什么他认为我们不会打架,”Takkar随心所欲的聊天。“事实上,如果有的话,事实上,我们从来没有说过我们在崩溃的边缘。我真的不明白他的言论的基础。”
Takkar说,他很高兴,米塔尔认为沃达丰的想法是竞争对手一半,指Airtel主席的言论,印度目前有两个人半电信玩家。“我喜欢在那个位置。老实说,它总是好的失败者,然后从那边战斗”。
但在市场竞争和逮捕用户和收入损失的市场份额,沃达丰的想法需要占用资金最早,分析师说。
”还有一个步骤,这是政府的(股票)转换…它只是一个过程,需要时间。再一次,我们听到从政府和合适的人马上就来了,“Takkar说。“很难有人把钱放在桌子上不知道(政府)分享会”。
沃达丰的想法已经选择推迟支付其调整后的总收益和频谱费四年政府,电信在政府的救援计划行业。电信也选择上的兴趣,产生递延费转化为政府的股权,这是该公司33%的股份。这将使政府的最大股东,但发起人——英国沃达丰股价和印度的Aditya Birla集团——将共同持有公司50%的股权。预计中国政府将很快完成股权转换的过程。
截至3月,该公司已Rs1.96十万的卢比的债务,其中90%是政府,Takkar说。
1季度,承运人缩小其净亏损6544.9卢比从7234.1卢比在前面的三个月,11月关税上涨帮助支持的每用户平均收入(ARPU)增长,和一次性收益。现金和现金等价物在3月1460卢比。
公司——并没有做出任何的利润,因为沃达丰印度和想法的合并细胞在2018年8月——已经与外部投资者像阿波罗全球私人股本球员提高Rs10,000卢比的股票和另一个Rs10,000卢比从债权人的债务。
Takkar说按公司的评估,它需要大约Rs25,000卢比的能够有效竞争和扭转其操作。,4500卢比已经注入的推动者。
“…我们正在努力(股票和债券融资)的平行,哪个最先发生很难说…我认为他们可能不止一个同时发生。因为在某些方面,他们是有点联系,因为一般来说,任何银行想知道如果有一个确认的股本来了吗?讨论是全面的和在一起,”Takkar说。
而拒绝评论,如果运营商正与阿波罗全球股权融资,Takkar表示,筹集的资金将用于资本支出给它更多的市场竞争优势。Jio和Airtel目前迎合约2亿用户超过4 g沃达丰的想法,他说,并补充道:“资本支出的优先顺序的报道。”
Takkar说出售资产以筹集资金目前并不是一个优先级的过程需要更多的时间。
电信已经迅速失去用户和收入市场份额竞争对手合并以来。
但执行,他认为他的任务合并和恢复亏损电信“困难”和“挑战”,说在印度这样的大国,有三个私人玩家是一个伟大的行业结构,和市场已经看到提高关税。和智能手机普及率只有58%和56% 4 g渗透,几乎“前尽可能多的市场”,他补充道。
读也
Takkar表示,沃达丰的想法记录连续三个季度的营收增长,ARPU和4 g用户增长。
“…我们已经开始看到品牌开始,品牌指标改善,在正确的方向上,在市场上有真正的牵引。客户数量已经开始稳定,”他说。他预计2022年另一个涨价,说电信不会回避带头。
虽然承运人的总用户数继续萎缩在第四季度- 2.438亿从2.472亿年的12月当季4 g用户的数量从1.181亿上升到1.17亿,ARPU增长从Rs115 Rs124。
之际,分析师担心,沃达丰的想法无法积极参与角逐即将到来的5 g拍卖,这可能会导致进一步的市场份额流失,Takkar说,电信将在5 g市场“竞争”,但拒绝透露其5 g的策略。
沃达丰的想法是谨慎高速技术,预计它将只在长期显著的结果。Takkar说即使在拍卖之后,5 g部署需要时间,不会立即带来改变业务运行方式。“这不是立即转变,”他补充道。
Completion of the exercise to issue the company’s shares to the government against interest on deferred statutory payment is “just around the corner”, Ravinder Takkar<\/a> told ET. This is the last box that needs to be checked before the funding is arranged, added the 53-year-old, who has been at the helm of the loss-making telco since August 2019.
There are steady signs of Vodafone Idea’s revival, and it is running a “marathon” amid a great sense of “optimism” in the market and within the company, he said.
Takkar said he wasn’t hurt or upset, but was surprised, by a recent comment of Bharti Airtel chairman Sunil Mittal that cultural differences between Vodafone India and Idea Cellular were a major reason for the struggles of the merged entity.
“By his (Mittal) own admission, his company (Airtel) has been at the brink of collapse multiple times. And by his admission, he has recovered stronger from each one of those. So, if he has seen himself emerge stronger from his tough times, I don't know why he thinks that we will not fight,” Takkar said in a free-wheeling chat. “In fact, if anything, actually, we've never said that we were at the brink of collapse. I don't really understand the basis of his comments.”
Takkar said he was happy that Mittal believed Vodafone Idea was half a competitor, referring to the Airtel chairman’s comments that India currently had two-and-half private telecom players. “I prefer to be in that position. Because frankly, it's always good to be the underdog and then fight from that side”.
But to be competitive in the market and arrest losses in subscriber and revenue market share, Vodafone Idea needs to tie up its funding at the earliest, say analysts.
“There's one more step, which is the government (equity) conversion … It's just a process that takes time. Again, we hear from the government and the right people that it's just around the corner,” said Takkar. “It's very difficult for somebody to put money on the table without knowing what the (government) share will be.”
Vodafone Idea had opted to defer paying its adjusted gross revenue and spectrum dues to the government by four years, under a government relief package for the telecom industry<\/a>. The telco has also opted to convert the interest that accrues on the deferred dues into government equity, which works out to be a 33% stake in the company. This will make the government the largest shareholder, but the promoters — UK’s Vodafone Plc<\/a> and India’s Aditya Birla Group<\/a> — will collectively hold 50% in the company. The government is expected to complete the process of equity conversion shortly.
As of March end, the company had Rs1.96 lakh crore of debt, 90% of which was to the government, said Takkar.
For the January-March quarter, the carrier narrowed its net loss to Rs 6544.9 crore from Rs 7234.1 crore in the previous three-month period, supported by the November tariff hikes which helped average revenue per user (ARPU) grow, and a one-time gain. Cash & cash equivalents at March end was Rs 1,460 crore.
The company –—has not made any profits since the merger of Vodafone India and Idea Cellular in August 2018 — has been talking to external investors like private equity player Apollo Global to raise Rs10,000 crore in equity and another Rs10,000 crore in debt from lenders.
Takkar said as per the company’s assessment, it needed roughly Rs25,000 crore to be able to compete effectively and turn around its operations. Of this, Rs 4,500 crore had already been infused by its promoters.
“...we're working on both (equity and debt funding) of those in parallel, whichever happens first is hard to say…I would say they probably happen more simultaneously than one. Because in some ways, they are a little bit linked, because generally, any lender would like to know if there is a confirmation that the equity is coming in? The discussions are holistic and together,” Takkar said.
While declining to comment if the operator is in talks with Apollo Global for equity funding, Takkar said the funds raised would be for capital expenditure to give it “a more competitive edge in the market”. Jio and Airtel each currently cater to around 200 million more subscribers than Vodafone Idea on 4G, he said, adding: “Prioritisation of capex is on coverage.”
Takkar said sale of assets to raise funds was not a priority currently as the process would take more time.
The telco has been rapidly losing subscribers and revenue market share to its rivals since its merger.
But the executive, who described his task of merging and reviving the loss-making telco as “difficult” and “challenging,” said in a large country like India, having three private players was a great industry structure, and the market was already seeing tariff increases. And with only 58% smartphone penetration and 56% 4G penetration, there's almost “as much market in front”, he added.
Read also<\/h4><\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>DoT computes NPV of Vodafone Idea accrued interest on deferred dues at Rs 16,133.1 crore<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>Vodafone Idea adds active users in March for first time since merger<\/a><\/h5><\/div><\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
<\/a><\/figure>‘Government to hold 33% stake in Vodafone Idea post equity conversion'<\/a><\/h5><\/div><\/a><\/figure>Cultural differences have hurt merged Vodafone Idea: Sunil Mittal<\/a><\/h5><\/div><\/div><\/div>
Takkar said Vodafone Idea had recorded three straight quarters of growth in revenue, ARPU and 4G subscriber growth.
“...we have started to see that the brand is starting to stick, the brand metrics are improving and going in the right direction, and there's real traction in the market. Customer numbers have started to stabilise,” he said. He expects another price increase in 2022 and said the telco would not shy away from taking the lead.
While the carrier’s overall subscriber base continued to shrink in the fourth quarter — to 243.8 million from 247.2 million in the December quarter — the number of 4G subscribers rose to 118.1 million from 117 million and ARPU grew to Rs124 from Rs115.
Amid analyst concerns that Vodafone Idea wouldn’t be able to compete aggressively in the upcoming 5G auction, which may lead to further market share erosion, Takkar said the telco would be “competitive” in the 5G market, but declined to share its 5G strategy.
Vodafone Idea is cautious about the high-speed technology and expects it to bring significant results only in the longer term. Takkar said even after the auctions, 5G deployment would take time and would not instantly bring changes to the way the business was run. “It's not an immediate turnaround,” he added.
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