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<\/span><\/figcaption><\/figure>Vodafone troubled India unit is in talks with the country’s largest lender about fresh loans, according to people familiar with the matter, in a deal that could pave the way for other banks to offer credit and boost survival chances of the cash-trapped wireless operator.

State Bank of India has asked Vodafone Idea<\/a>, a joint venture between Vodafone and billionaire Kumar Mangalam Birla<\/a>’s conglomerate, to first outline a turnaround strategy, the people said, asking not to be identified as the discussions are private.

The government-owned lender has asked Vodafone Idea to present a detailed plan on their financial viability including equity infusion from the largest shareholders, cash conservation plans, tariff outlook and a road map to return to profits, according to the people familiar.

The mobile-phone operator is preparing this information for the lender, the people said. Discussions are still underway and there’s no assurance the company will receive this funding.

State Bank of India didn’t respond to an email seeking comments. Vodafone Idea, which is reporting its quarterly earnings on Friday, declined to comment.

The bank loan, if it materializes, will be a lifeline for the company which hasn’t reported an annual profit since Mukesh Ambani’s Reliance
Jio<\/a> Infocomm Ltd. unleashed a tariff war in 2016 and has been losing subscribers to bigger rivals in the past year. Banks have become more amenable toward the unprofitable wireless operator after India announced a slew of policy relief measures in September which helped Vodafone Idea avert an insolvency threat.

India’s third-largest wireless operator survived a potential bankruptcy after the government allowed more time to mobile phone companies to pay their dues. This will extinguish some of the bank guarantees Vodafone Idea gave to the government, giving the lenders more elbow room to extend credit, one of the persons said.

Vodafone Idea’s total debt was 1.9 trillion rupees ($26 billion) as of June-end, including 1.68 trillion rupees owed to the government and the remaining 234 billion rupees to lenders, according to a Sept. 15 note from brokerage JM Financial.

State Bank of India has the highest exposure to Vodafone Idea among other lenders, the people familiar said.
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据报道,沃达丰的想法是与印度国家银行贷款的生命线

国有银行已经要求沃达丰的想法提出一个详细的计划在他们的财务可行性包括大股东的股权注入,资金保护计划,关税前景和路线图返回利润。

  • 2021年11月12日更新是05:25点
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沃达丰印度陷入困境的单位正与该国最大的银行新贷款,据知情人士透露,在一项协议,可以为其他银行提供信贷铺平道路,提高资金陷无线运营商的生存机会。

印度国家银行的要求沃达丰的想法合资企业沃达丰和亿万富翁Kumar Mangalam贝拉企业集团,首先概述转变策略,人们说,要求不透露姓名的讨论。

国有银行已经要求沃达丰的想法提出一个详细的计划在他们的财务可行性包括大股东的股权注入,资金保护计划,关税前景和路线图返回利润,根据知情人士。

广告
手机运营商正准备此信息的银行。讨论仍在进行中,没有保证公司将收到这笔资金。

印度国家银行没有回复寻求评论的电子邮件。沃达丰的想法,这是周五公布季度收益,均拒绝置评。

银行贷款,如果真的发生,将是一个公司的生命线,没有报告的年度收益自穆凯什•安巴尼的依赖JioInfocomm ltd .)引发了2016年关税战争和失去用户在过去一年更大的竞争对手。银行变得更加顺从向无利可图的无线运营商在印度9月份宣布的一系列政策救助措施帮助沃达丰想法避免破产的威胁。

印度第三大无线运营商幸存一个潜在的破产后,政府允许更多的时间来移动电话公司缴纳会费。这将消除一些银行担保沃达丰想法给政府,给予银行更多的肘部空间扩展信贷,其中一人说。

沃达丰的想法的债务总额是1.9万亿卢比(260亿美元)June-end,包括1.68万亿卢比欠政府和银行剩下的2340亿卢比,9月15日的一份报告显示经纪JM金融。

印度国家银行的敞口最高沃达丰(Vodafone)等银行,知情人士说。
  • 发布于2021年11月12日下午05:23坚持
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<\/span><\/figcaption><\/figure>Vodafone troubled India unit is in talks with the country’s largest lender about fresh loans, according to people familiar with the matter, in a deal that could pave the way for other banks to offer credit and boost survival chances of the cash-trapped wireless operator.

State Bank of India has asked Vodafone Idea<\/a>, a joint venture between Vodafone and billionaire Kumar Mangalam Birla<\/a>’s conglomerate, to first outline a turnaround strategy, the people said, asking not to be identified as the discussions are private.

The government-owned lender has asked Vodafone Idea to present a detailed plan on their financial viability including equity infusion from the largest shareholders, cash conservation plans, tariff outlook and a road map to return to profits, according to the people familiar.

The mobile-phone operator is preparing this information for the lender, the people said. Discussions are still underway and there’s no assurance the company will receive this funding.

State Bank of India didn’t respond to an email seeking comments. Vodafone Idea, which is reporting its quarterly earnings on Friday, declined to comment.

The bank loan, if it materializes, will be a lifeline for the company which hasn’t reported an annual profit since Mukesh Ambani’s Reliance
Jio<\/a> Infocomm Ltd. unleashed a tariff war in 2016 and has been losing subscribers to bigger rivals in the past year. Banks have become more amenable toward the unprofitable wireless operator after India announced a slew of policy relief measures in September which helped Vodafone Idea avert an insolvency threat.

India’s third-largest wireless operator survived a potential bankruptcy after the government allowed more time to mobile phone companies to pay their dues. This will extinguish some of the bank guarantees Vodafone Idea gave to the government, giving the lenders more elbow room to extend credit, one of the persons said.

Vodafone Idea’s total debt was 1.9 trillion rupees ($26 billion) as of June-end, including 1.68 trillion rupees owed to the government and the remaining 234 billion rupees to lenders, according to a Sept. 15 note from brokerage JM Financial.

State Bank of India has the highest exposure to Vodafone Idea among other lenders, the people familiar said.
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