![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
“While some investors may perceive the transaction negatively (as a stake sale from promoter), we are not overly concerned about the same, as we view it more as a deleveraging exercise,” brokerage firm Credit Suisse said in a report on Tuesday.
Bharti Telecom, the holding company of the telco, on Monday, announced a stake sale of 2.75% in Airtel, at a price of Rs558\/share, a 6% discount to the current market price, via a block deal for raising around $1 billion (nearly Rs 7,600 crore), which will bring down its shareholding from 38.8% to 36%.
On Tuesday, Airtel’s shares were down nearly 5.5% at Rs 560.70 in late trade on the BSE.
IIFL Securities<\/a> added that technical factors may weigh against Airtel stock for a while but we remain bullish on the company’s fundamentals.
The exercise means effective shareholding of Airtel’s promoter groups, SingTel and Mittal family will decline from 33.3% to 31.9% and from 25.7% to 24.3%, respectively. Bharti Telecom is owned by 50.56% by the Mittal family and 49.44% by SingTel.
Read also<\/h4><\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
<\/body>","next_sibling":[{"msid":75994823,"title":"In land of big data, China sets individual privacy rights","entity_type":"ARTICLE","link":"\/news\/in-land-of-big-data-china-sets-individual-privacy-rights\/75994823","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"66880910","title":"Minimum recharge: Here is why Airtel, Vodafone Idea could lose 60 million subscribers","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers","category_name":"Slide-Shows","synopsis":"Indian telecom industry could lose up to 60 million subscribers in the next six months as incumbents Vodafone Idea and Bharti Airtel aggressively push their prepaid customers to opt for minimum recharge plans. These latest packs have laid a platform on pricing i.e. almost at par with Reliance Jio's minimum tariff plan. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1278338\/66880910.cms?width=150&height=112","link":"\/slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers\/66880910"}],"msid":75995960,"entity_type":"ARTICLE","title":"Bharti Telecom's stake sale to cut SingTel, Mittal family's effective holding in Airtel to 32%, 24%","synopsis":"Bharti Telecom's stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.","titleseo":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":3508,"shares":0,"engagementtimems":14814002},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-05-26 12:19:08","lastupd":"2020-05-26 14:47:33","breadcrumbTags":["Bharti telecom","Bharti Telecom stake sale","Vodafone Idea","Industry","IIFL Securities","telecom news"],"secinfo":{"seolocation":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy"}}" data-authors="[" himanshi lohchab"]" data-category-name="" data-category_id="" data-date="2020-05-26" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
巴帝电信的股份出售给新加坡电信,米塔尔家族持有的有效Airtel至32%,24%
Bharti电信的股份出售Bharti Airtel是实体成为债务去杠杆化运动自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
新德里消息:巴帝电信Bharti Airtel的股权出售是一个实体,成为债务去杠杆化练习自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
”,而一些投资者可能消极地看待事务(从启动子作为股权出售),我们不过分关心一样,我们认为它更如去杠杆化运动,”经纪公司瑞士信贷(Credit Suisse)周二在一份报告中表示。
Bharti电信,电信的控股公司,周一宣布,将2.75%的股权出售Airtel Rs558的价格/份额,当前市场价格6%的折扣,通过一块交易筹集约10亿美元(近7600卢比),这将降低其持股比例从38.8%降至36%。
周二,Airtel股价下跌近5.5%至560.70卢比在尾盘疯牛病。
IIFL证券补充说,技术因素可能权衡Airtel股票一段时间,但我们仍看好该公司的基本面。
运动意味着有效的股权Airtel子集团,新加坡电信和米塔尔家族将从33.3%下降到31.9%,从25.7%提高到24.3%,分别。Bharti电信拥有50.56%的米塔尔家族和新加坡电信的49.44%。
“Bharti Airtel巴蒂电信2.75%的股权出售11亿美元的资产负债表主要是降低杠杆率作为股息支付Bharti Airtel不足以偿还债务的Rs 850亿年,”杰弗里斯说。
巴帝电信取决于股息宣布Bharti Airtel的现金流要求。
“与Bharti Airtel的DPS可能在Rs 2 /比例仍然很低,股利流入可能c.Rs4.2十亿税前,已经不足以支付利息的服务,”Jefferies说。
“此外,线下约680亿卢比的FY21偿还的债务。鉴于这些外流,Bharti Airtel股权出售是不可避免的,”它补充道。
线下电信的股份从50.1%降至38.79%后配股2019年5月和2020年1月QIP,据IIFL证券。
巴帝电信Rs 850亿资产负债表上的债务,按经纪估计。
“债务在很大程度上是由于(1)4.6%的股份购买从印度Bharti Airtel大陆投资者(另一个启动子实体)在2017年11月770亿卢比和(2)Bharti Airtel的权利问题在2019年5月线下注入250亿卢比。在FY20,债务的利息成本是68亿卢比,”杰弗里斯说。
<\/span><\/figcaption><\/figure>New Delhi: Bharti Telecom<\/a>'s stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.
“While some investors may perceive the transaction negatively (as a stake sale from promoter), we are not overly concerned about the same, as we view it more as a deleveraging exercise,” brokerage firm Credit Suisse said in a report on Tuesday.
Bharti Telecom, the holding company of the telco, on Monday, announced a stake sale of 2.75% in Airtel, at a price of Rs558\/share, a 6% discount to the current market price, via a block deal for raising around $1 billion (nearly Rs 7,600 crore), which will bring down its shareholding from 38.8% to 36%.
On Tuesday, Airtel’s shares were down nearly 5.5% at Rs 560.70 in late trade on the BSE.
IIFL Securities<\/a> added that technical factors may weigh against Airtel stock for a while but we remain bullish on the company’s fundamentals.
The exercise means effective shareholding of Airtel’s promoter groups, SingTel and Mittal family will decline from 33.3% to 31.9% and from 25.7% to 24.3%, respectively. Bharti Telecom is owned by 50.56% by the Mittal family and 49.44% by SingTel.
Read also<\/h4><\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
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<\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
<\/body>","next_sibling":[{"msid":75994823,"title":"In land of big data, China sets individual privacy rights","entity_type":"ARTICLE","link":"\/news\/in-land-of-big-data-china-sets-individual-privacy-rights\/75994823","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"66880910","title":"Minimum recharge: Here is why Airtel, Vodafone Idea could lose 60 million subscribers","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers","category_name":"Slide-Shows","synopsis":"Indian telecom industry could lose up to 60 million subscribers in the next six months as incumbents Vodafone Idea and Bharti Airtel aggressively push their prepaid customers to opt for minimum recharge plans. These latest packs have laid a platform on pricing i.e. almost at par with Reliance Jio's minimum tariff plan. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1278338\/66880910.cms?width=150&height=112","link":"\/slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers\/66880910"}],"msid":75995960,"entity_type":"ARTICLE","title":"Bharti Telecom's stake sale to cut SingTel, Mittal family's effective holding in Airtel to 32%, 24%","synopsis":"Bharti Telecom's stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.","titleseo":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":3508,"shares":0,"engagementtimems":14814002},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-05-26 12:19:08","lastupd":"2020-05-26 14:47:33","breadcrumbTags":["Bharti telecom","Bharti Telecom stake sale","Vodafone Idea","Industry","IIFL Securities","telecom news"],"secinfo":{"seolocation":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy"}}" data-authors="[" himanshi lohchab"]" data-category-name="" data-category_id="" data-date="2020-05-26" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
巴帝电信的股份出售给新加坡电信,米塔尔家族持有的有效Airtel至32%,24%
Bharti电信的股份出售Bharti Airtel是实体成为债务去杠杆化运动自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
新德里消息:巴帝电信Bharti Airtel的股权出售是一个实体,成为债务去杠杆化练习自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
”,而一些投资者可能消极地看待事务(从启动子作为股权出售),我们不过分关心一样,我们认为它更如去杠杆化运动,”经纪公司瑞士信贷(Credit Suisse)周二在一份报告中表示。
Bharti电信,电信的控股公司,周一宣布,将2.75%的股权出售Airtel Rs558的价格/份额,当前市场价格6%的折扣,通过一块交易筹集约10亿美元(近7600卢比),这将降低其持股比例从38.8%降至36%。
周二,Airtel股价下跌近5.5%至560.70卢比在尾盘疯牛病。
IIFL证券补充说,技术因素可能权衡Airtel股票一段时间,但我们仍看好该公司的基本面。
运动意味着有效的股权Airtel子集团,新加坡电信和米塔尔家族将从33.3%下降到31.9%,从25.7%提高到24.3%,分别。Bharti电信拥有50.56%的米塔尔家族和新加坡电信的49.44%。
“Bharti Airtel巴蒂电信2.75%的股权出售11亿美元的资产负债表主要是降低杠杆率作为股息支付Bharti Airtel不足以偿还债务的Rs 850亿年,”杰弗里斯说。
巴帝电信取决于股息宣布Bharti Airtel的现金流要求。
“与Bharti Airtel的DPS可能在Rs 2 /比例仍然很低,股利流入可能c.Rs4.2十亿税前,已经不足以支付利息的服务,”Jefferies说。
“此外,线下约680亿卢比的FY21偿还的债务。鉴于这些外流,Bharti Airtel股权出售是不可避免的,”它补充道。
线下电信的股份从50.1%降至38.79%后配股2019年5月和2020年1月QIP,据IIFL证券。
巴帝电信Rs 850亿资产负债表上的债务,按经纪估计。
“债务在很大程度上是由于(1)4.6%的股份购买从印度Bharti Airtel大陆投资者(另一个启动子实体)在2017年11月770亿卢比和(2)Bharti Airtel的权利问题在2019年5月线下注入250亿卢比。在FY20,债务的利息成本是68亿卢比,”杰弗里斯说。
<\/span><\/figcaption><\/figure>New Delhi: Bharti Telecom<\/a>'s stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.
“While some investors may perceive the transaction negatively (as a stake sale from promoter), we are not overly concerned about the same, as we view it more as a deleveraging exercise,” brokerage firm Credit Suisse said in a report on Tuesday.
Bharti Telecom, the holding company of the telco, on Monday, announced a stake sale of 2.75% in Airtel, at a price of Rs558\/share, a 6% discount to the current market price, via a block deal for raising around $1 billion (nearly Rs 7,600 crore), which will bring down its shareholding from 38.8% to 36%.
On Tuesday, Airtel’s shares were down nearly 5.5% at Rs 560.70 in late trade on the BSE.
IIFL Securities<\/a> added that technical factors may weigh against Airtel stock for a while but we remain bullish on the company’s fundamentals.
The exercise means effective shareholding of Airtel’s promoter groups, SingTel and Mittal family will decline from 33.3% to 31.9% and from 25.7% to 24.3%, respectively. Bharti Telecom is owned by 50.56% by the Mittal family and 49.44% by SingTel.
Read also<\/h4><\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
<\/body>","next_sibling":[{"msid":75994823,"title":"In land of big data, China sets individual privacy rights","entity_type":"ARTICLE","link":"\/news\/in-land-of-big-data-china-sets-individual-privacy-rights\/75994823","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"66880910","title":"Minimum recharge: Here is why Airtel, Vodafone Idea could lose 60 million subscribers","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers","category_name":"Slide-Shows","synopsis":"Indian telecom industry could lose up to 60 million subscribers in the next six months as incumbents Vodafone Idea and Bharti Airtel aggressively push their prepaid customers to opt for minimum recharge plans. These latest packs have laid a platform on pricing i.e. almost at par with Reliance Jio's minimum tariff plan. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1278338\/66880910.cms?width=150&height=112","link":"\/slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers\/66880910"}],"msid":75995960,"entity_type":"ARTICLE","title":"Bharti Telecom's stake sale to cut SingTel, Mittal family's effective holding in Airtel to 32%, 24%","synopsis":"Bharti Telecom's stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.","titleseo":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":3508,"shares":0,"engagementtimems":14814002},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-05-26 12:19:08","lastupd":"2020-05-26 14:47:33","breadcrumbTags":["Bharti telecom","Bharti Telecom stake sale","Vodafone Idea","Industry","IIFL Securities","telecom news"],"secinfo":{"seolocation":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy"}}" data-news_link="//www.iser-br.com/news/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy/75995960">
<\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
<\/body>","next_sibling":[{"msid":75994823,"title":"In land of big data, China sets individual privacy rights","entity_type":"ARTICLE","link":"\/news\/in-land-of-big-data-china-sets-individual-privacy-rights\/75994823","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"66880910","title":"Minimum recharge: Here is why Airtel, Vodafone Idea could lose 60 million subscribers","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers","category_name":"Slide-Shows","synopsis":"Indian telecom industry could lose up to 60 million subscribers in the next six months as incumbents Vodafone Idea and Bharti Airtel aggressively push their prepaid customers to opt for minimum recharge plans. These latest packs have laid a platform on pricing i.e. almost at par with Reliance Jio's minimum tariff plan. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1278338\/66880910.cms?width=150&height=112","link":"\/slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers\/66880910"}],"msid":75995960,"entity_type":"ARTICLE","title":"Bharti Telecom's stake sale to cut SingTel, Mittal family's effective holding in Airtel to 32%, 24%","synopsis":"Bharti Telecom's stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.","titleseo":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":3508,"shares":0,"engagementtimems":14814002},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-05-26 12:19:08","lastupd":"2020-05-26 14:47:33","breadcrumbTags":["Bharti telecom","Bharti Telecom stake sale","Vodafone Idea","Industry","IIFL Securities","telecom news"],"secinfo":{"seolocation":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy"}}" data-authors="[" himanshi lohchab"]" data-category-name="" data-category_id="" data-date="2020-05-26" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
巴帝电信的股份出售给新加坡电信,米塔尔家族持有的有效Airtel至32%,24%
Bharti电信的股份出售Bharti Airtel是实体成为债务去杠杆化运动自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
新德里消息:巴帝电信Bharti Airtel的股权出售是一个实体,成为债务去杠杆化练习自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
”,而一些投资者可能消极地看待事务(从启动子作为股权出售),我们不过分关心一样,我们认为它更如去杠杆化运动,”经纪公司瑞士信贷(Credit Suisse)周二在一份报告中表示。
Bharti电信,电信的控股公司,周一宣布,将2.75%的股权出售Airtel Rs558的价格/份额,当前市场价格6%的折扣,通过一块交易筹集约10亿美元(近7600卢比),这将降低其持股比例从38.8%降至36%。
周二,Airtel股价下跌近5.5%至560.70卢比在尾盘疯牛病。
IIFL证券补充说,技术因素可能权衡Airtel股票一段时间,但我们仍看好该公司的基本面。
运动意味着有效的股权Airtel子集团,新加坡电信和米塔尔家族将从33.3%下降到31.9%,从25.7%提高到24.3%,分别。Bharti电信拥有50.56%的米塔尔家族和新加坡电信的49.44%。
“Bharti Airtel巴蒂电信2.75%的股权出售11亿美元的资产负债表主要是降低杠杆率作为股息支付Bharti Airtel不足以偿还债务的Rs 850亿年,”杰弗里斯说。
巴帝电信取决于股息宣布Bharti Airtel的现金流要求。
“与Bharti Airtel的DPS可能在Rs 2 /比例仍然很低,股利流入可能c.Rs4.2十亿税前,已经不足以支付利息的服务,”Jefferies说。
“此外,线下约680亿卢比的FY21偿还的债务。鉴于这些外流,Bharti Airtel股权出售是不可避免的,”它补充道。
线下电信的股份从50.1%降至38.79%后配股2019年5月和2020年1月QIP,据IIFL证券。
巴帝电信Rs 850亿资产负债表上的债务,按经纪估计。
“债务在很大程度上是由于(1)4.6%的股份购买从印度Bharti Airtel大陆投资者(另一个启动子实体)在2017年11月770亿卢比和(2)Bharti Airtel的权利问题在2019年5月线下注入250亿卢比。在FY20,债务的利息成本是68亿卢比,”杰弗里斯说。
<\/span><\/figcaption><\/figure>New Delhi: Bharti Telecom<\/a>'s stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.
“While some investors may perceive the transaction negatively (as a stake sale from promoter), we are not overly concerned about the same, as we view it more as a deleveraging exercise,” brokerage firm Credit Suisse said in a report on Tuesday.
Bharti Telecom, the holding company of the telco, on Monday, announced a stake sale of 2.75% in Airtel, at a price of Rs558\/share, a 6% discount to the current market price, via a block deal for raising around $1 billion (nearly Rs 7,600 crore), which will bring down its shareholding from 38.8% to 36%.
On Tuesday, Airtel’s shares were down nearly 5.5% at Rs 560.70 in late trade on the BSE.
IIFL Securities<\/a> added that technical factors may weigh against Airtel stock for a while but we remain bullish on the company’s fundamentals.
The exercise means effective shareholding of Airtel’s promoter groups, SingTel and Mittal family will decline from 33.3% to 31.9% and from 25.7% to 24.3%, respectively. Bharti Telecom is owned by 50.56% by the Mittal family and 49.44% by SingTel.
Read also<\/h4><\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
<\/body>","next_sibling":[{"msid":75994823,"title":"In land of big data, China sets individual privacy rights","entity_type":"ARTICLE","link":"\/news\/in-land-of-big-data-china-sets-individual-privacy-rights\/75994823","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"66880910","title":"Minimum recharge: Here is why Airtel, Vodafone Idea could lose 60 million subscribers","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers","category_name":"Slide-Shows","synopsis":"Indian telecom industry could lose up to 60 million subscribers in the next six months as incumbents Vodafone Idea and Bharti Airtel aggressively push their prepaid customers to opt for minimum recharge plans. These latest packs have laid a platform on pricing i.e. almost at par with Reliance Jio's minimum tariff plan. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1278338\/66880910.cms?width=150&height=112","link":"\/slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers\/66880910"}],"msid":75995960,"entity_type":"ARTICLE","title":"Bharti Telecom's stake sale to cut SingTel, Mittal family's effective holding in Airtel to 32%, 24%","synopsis":"Bharti Telecom's stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.","titleseo":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":3508,"shares":0,"engagementtimems":14814002},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-05-26 12:19:08","lastupd":"2020-05-26 14:47:33","breadcrumbTags":["Bharti telecom","Bharti Telecom stake sale","Vodafone Idea","Industry","IIFL Securities","telecom news"],"secinfo":{"seolocation":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy"}}" data-news_link="//www.iser-br.com/news/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy/75995960">
- Telecom乐动扑克News
- 2分钟阅读
巴帝电信的股份出售给新加坡电信,米塔尔家族持有的有效Airtel至32%,24%
Bharti电信的股份出售Bharti Airtel是实体成为债务去杠杆化运动自由,分析师表示,并补充称,此举将降低新加坡电信和米塔尔家族控股的有效Bharti Airtel 32%和24%,分别。
读到
”,而一些投资者可能消极地看待事务(从启动子作为股权出售),我们不过分关心一样,我们认为它更如去杠杆化运动,”经纪公司瑞士信贷(Credit Suisse)周二在一份报告中表示。
Bharti电信,电信的控股公司,周一宣布,将2.75%的股权出售Airtel Rs558的价格/份额,当前市场价格6%的折扣,通过一块交易筹集约10亿美元(近7600卢比),这将降低其持股比例从38.8%降至36%。
周二,Airtel股价下跌近5.5%至560.70卢比在尾盘疯牛病。
IIFL证券补充说,技术因素可能权衡Airtel股票一段时间,但我们仍看好该公司的基本面。
运动意味着有效的股权Airtel子集团,新加坡电信和米塔尔家族将从33.3%下降到31.9%,从25.7%提高到24.3%,分别。Bharti电信拥有50.56%的米塔尔家族和新加坡电信的49.44%。
“Bharti Airtel巴蒂电信2.75%的股权出售11亿美元的资产负债表主要是降低杠杆率作为股息支付Bharti Airtel不足以偿还债务的Rs 850亿年,”杰弗里斯说。
巴帝电信取决于股息宣布Bharti Airtel的现金流要求。
“与Bharti Airtel的DPS可能在Rs 2 /比例仍然很低,股利流入可能c.Rs4.2十亿税前,已经不足以支付利息的服务,”Jefferies说。
“此外,线下约680亿卢比的FY21偿还的债务。鉴于这些外流,Bharti Airtel股权出售是不可避免的,”它补充道。
线下电信的股份从50.1%降至38.79%后配股2019年5月和2020年1月QIP,据IIFL证券。
巴帝电信Rs 850亿资产负债表上的债务,按经纪估计。
“债务在很大程度上是由于(1)4.6%的股份购买从印度Bharti Airtel大陆投资者(另一个启动子实体)在2017年11月770亿卢比和(2)Bharti Airtel的权利问题在2019年5月线下注入250亿卢比。在FY20,债务的利息成本是68亿卢比,”杰弗里斯说。
“While some investors may perceive the transaction negatively (as a stake sale from promoter), we are not overly concerned about the same, as we view it more as a deleveraging exercise,” brokerage firm Credit Suisse said in a report on Tuesday.
Bharti Telecom, the holding company of the telco, on Monday, announced a stake sale of 2.75% in Airtel, at a price of Rs558\/share, a 6% discount to the current market price, via a block deal for raising around $1 billion (nearly Rs 7,600 crore), which will bring down its shareholding from 38.8% to 36%.
On Tuesday, Airtel’s shares were down nearly 5.5% at Rs 560.70 in late trade on the BSE.
IIFL Securities<\/a> added that technical factors may weigh against Airtel stock for a while but we remain bullish on the company’s fundamentals.
The exercise means effective shareholding of Airtel’s promoter groups, SingTel and Mittal family will decline from 33.3% to 31.9% and from 25.7% to 24.3%, respectively. Bharti Telecom is owned by 50.56% by the Mittal family and 49.44% by SingTel.
Read also<\/h4><\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
<\/body>","next_sibling":[{"msid":75994823,"title":"In land of big data, China sets individual privacy rights","entity_type":"ARTICLE","link":"\/news\/in-land-of-big-data-china-sets-individual-privacy-rights\/75994823","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"66880910","title":"Minimum recharge: Here is why Airtel, Vodafone Idea could lose 60 million subscribers","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers","category_name":"Slide-Shows","synopsis":"Indian telecom industry could lose up to 60 million subscribers in the next six months as incumbents Vodafone Idea and Bharti Airtel aggressively push their prepaid customers to opt for minimum recharge plans. These latest packs have laid a platform on pricing i.e. almost at par with Reliance Jio's minimum tariff plan. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1278338\/66880910.cms?width=150&height=112","link":"\/slide-shows\/minimum-recharge-here-is-why-airtel-vodafone-idea-could-lose-60-million-subscribers\/66880910"}],"msid":75995960,"entity_type":"ARTICLE","title":"Bharti Telecom's stake sale to cut SingTel, Mittal family's effective holding in Airtel to 32%, 24%","synopsis":"Bharti Telecom's stake sale in Bharti Airtel is a de-leveraging exercise for the entity to become debt free, analysts said, adding that the move will lower SingTel and Mittal family's effective holding in Bharti Airtel to 32% and 24%, respectively.","titleseo":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":3508,"shares":0,"engagementtimems":14814002},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-05-26 12:19:08","lastupd":"2020-05-26 14:47:33","breadcrumbTags":["Bharti telecom","Bharti Telecom stake sale","Vodafone Idea","Industry","IIFL Securities","telecom news"],"secinfo":{"seolocation":"telecomnews\/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy"}}" data-news_link="//www.iser-br.com/news/bharti-telecoms-stake-sale-in-airtel-a-bid-to-be-debt-free-rs68-bln-up-for-repayment-this-fy/75995960">
<\/a><\/figure>Airtel shares down 4% ahead of Bharti Telecom stake sale in telco via block deal<\/a><\/h5><\/div><\/a><\/figure>Airtel parent to raise $1 bn via share sale today<\/a><\/h5><\/div><\/div><\/div>
“Bharti Telecom's 2.75% stake sale in Bharti Airtel for US$1.1 billion is mainly to de-lever its balance sheet as the dividend payments from Bharti Airtel are insufficient to service its debt of Rs 85 billion,” Jefferies said.
Bharti Telecom depends on dividends declared by Bharti Airtel for its cashflow requirements.
“With Bharti Airtel's DPS likely to remain low at Rs 2\/share, dividend inflow is likely to be c.Rs4.2 billion pretax, which would have been insufficient to service interest payments,” Jefferies said.
“Furthermore, about Rs 68 billion of BTL's debt was coming up for repayment in FY21. Given these outflows, a stake sale in Bharti Airtel was inevitable,” it added.
BTL’s stake in the telco had fallen from 50.1% to 38.79% post the rights issue in May 2019 and the QIP in Jan 2020, according to IIFL Securities.
Bharti Telecom has Rs 85 billion of debt on its balance sheet, as per brokerage estimates.
“The debt is largely attributable to (1) the 4.6% stake purchase in Bharti Airtel from Indian Continent investors (another promoter entity) in November 2017 for Rs 77 billion and (2) Bharti Airtel's rights issues in May 2019 in which BTL infused Rs 25 billion. In FY20, the interest cost on this debt was Rs 6.8 billion,” Jefferies said.
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