![\"\"](\"\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
“I think it would be very risky for the country. If you see, the immediate concern for the current telcos is the large customer base...If any company closes down the operations , so such a large customer base has to be taken care of by the other players. It is a huge challenge,” SBI<\/a> CFO Prashant Kumar<\/a> told ETCFO in an exclusive interview.
His comments assume significance in the backdrop of Friday’s Supreme Court ruling, which pulled up telcos for failing to comply with the October 24 order last year. The apex court had directed telcos to pay their adjusted gross revenue or AGR<\/a> related dues to the government. The Supreme Court Friday’s puts a big question mark on the future of cash-strapped Vodafone Idea<\/a>, which has pay-out obligations of more than Rs 53,000 crore.
“The Company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR<\/a> (Adjusted Gross Revenue), as interpreted by the Hon'ble Supreme Court in its order dated 24 October 2019. The Company proposes to pay the amount so assessed in the next few days,” Vodafone Idea said in a statement Saturday.
There have been repeated calls for the shutdown of Voda Idea in recent months in the absence of any regulatory support. Last year in November, Vodafone PLC CEO Nick Read had indicated its India venture Vodafone Idea could see a shutdown. \"If you don't get the remedies being suggested, the situation is critical....f you are not a going concern, you are moving into a liquidation scenario,\" Read said. Aditya Birla Group chairman Kumar Mangalam Birla too warned that the group's telecom unit might have to close the shop if government support isn’t provided.
“For such a large country (like India), we need to have 4-5 strong players. In the current scenario, we need to have a very strong telecom network, telecom service provider. Otherwise, you can’t compete in the world itself,” SBI<\/a> CFO Prashant Kumar emphasized.
Friday's Supreme Court ruling is also going to be a matter of concern for the lenders, as they have significant exposure to the stressed telecom space. Banks are already coping with the large NPAs on their books. And the ongoing stress in the telecommunications sector indicates further pain. Hence, the lenders such as Yes Bank, SBI, Axis Bank, may have to make higher provisions in the coming quarters in case the asset turns bad.
“…As of now, there are certain issues, and I think once those issues are clear, then this is one industry<\/a> where we will see better growth. Such a large country (like India) can’t exist without telecom,” concluded SBI finance Chief Prashant Kumar.
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沃达丰的想法:失去一个大电信将“非常危险”的国家,印度国家银行首席财务官Prashant Kumar说
最高法院周五裁定,向电信公司提供没有救济与调整后的总营收会费,让未来的一个巨大的问号缺钱的沃达丰的想法。
“我认为这将是非常危险的国家。如果你看到,立即关心当前电信大客户基础…如果任何公司关闭操作,那么这么大的客户群要照顾其他玩家。这是一个巨大的挑战,”印度国家银行首席财务官Prashant库马尔告诉ETCFO独家采访。
他的评论认为意义的背景下周五的最高法院的裁决,它停在了电信公司未能遵守去年10月24日的顺序。法院已经要求电信公司支付他们的总收入或调整AGR相关的税给政府。最高法院周五给未来的一个大问号囊中羞涩沃达丰的想法,超过53000卢比的赔偿义务。
“公司目前正在评估它将能够支付的金额向费计算基于点AGR(调整后的总收益),由鸿'ble最高法院解释的订单日期为2019年10月24日。公司提出支付金额评估在接下来的几天里,“沃达丰周六在一份声明中说。
有多次呼吁关闭Voda想法最近几个月没有任何监管机构的支持。去年11月,沃达丰首席执行官尼克阅读显示了印度企业沃达丰的想法可以看到关闭。“如果你不得到补救措施被提出,这种情况....至关重要f你不是一个问题,你正在进入清算的情况下,“读说。Aditya Birla集团董事长Kumar Mangalam贝拉也警告说,该集团的电信单位可能不得不关闭商店如果政府不提供支持。
”这样一个大的国家(如印度),我们需要4 - 5强大的球员。在当前的场景中,我们需要有一个非常强大的电信网络,电信服务提供商。否则,你不能参加世界本身,”印度国家银行首席财务官Prashant Kumar强调。
周五的最高法院的裁决也会对银行的担忧,他们大量接触到强调电信空间。银行已经处理大型npa的书。和电信类股的持续的压力表明更多的痛苦。因此,是的银行等银行,印度国家银行,Axis银行,可能会获得更高的规定在未来几个季度的资产转坏。
“…到目前为止,有一些问题,我认为一旦明确这些问题,那么这就是其中之一行业我们将会看到更好的增长。这么大的国家(如印度)的存在不能没有电信,”印度国家银行首席财务官Prashant Kumar结束。
