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\"\"NEW DELHI: The government’s fiscal deficit estimate for 2017-18 is set to rise to 3.35% from present 3.24% of the GDP, impacted by the shortfall in non-tax revenue target by Rs 17,780 crore from telecom services, ratings agency Care Ratings<\/a> said Tuesday.
\n
\nGiven the severe pressure on account of intense competition, fall in sales and profits, increase in debt and hugely priced spectrum acquisition, the agency has put the focus on the decision that of the inter-ministerial group – looking into the financial stress of the telecom sector – which it said will be of ‘utmost importance.’
\n
“If the telecom industry<\/a> falls short of the non-tax revenue target by Rs.17, 780 crore, then the fiscal deficit estimate for India for the year 2017-18 will stand increased to 3.35% from the estimate of 3.24%,” the agency said in a note to clients.
\n
\nThe fiscal deficit estimate for the year 2017-18 is Rs 5, 46,532 crore and if the shortfall is taken into account, the deficit estimate for the year will stand increased to Rs 5, 64, 312 crore, the agency added.
\n
\nThe agency’s views come a day after ET reported that the telecom department (DoT) asked the finance ministry to cut the non-tax revenue target from telecom services by over 37% to Rs 29, 524 crore for the current financial year, on account of financial stress in the sector caused by intense competition and debts that the banking sector considers to be around Rs 7.29 lakh crore.
\n
\n“Witnessing the current trend of falling revenues that impacted the collections of license fee and spectrum usage charges, the telecom ministry is of the view that this trend will continue in the near term as well,” Care Ratings said in the note.
\n
\nThe department expects license fee estimates for this fiscal to plunge by nearly half to Rs 9,255 crore and spectrum usage charge (SUC) to be lower by more than 35% to Rs 17,056 crore. It also expects zero revenue from spectrum sale even if there is an auction this fiscal, as service providers may not bid for airwaves given their highly leveraged balance sheets, member finance at DoT said in a letter to the department of economic affairs dated June 1.
\n
\nGross revenue of the sector fell by Rs 26,000 crore, or 11% on year, in the last fiscal ended March 31 to Rs 2.1 lakh crore. “In view of the severe financial stress in the sector and rapidly declining revenues of all major telecom service providers, revenue targets for DoT for budget estimates 2017-18 will actually require a downward revision,” Anuradha Mitra said in the letter.
\n
\nAs per the current norms, the telecom companies pay 8% of the adjusted gross revenues as license fee and 3-6% of the adjusted gross revenues as spectrum usage charges. However, of late the industry has been asking the government to reduce these charges as the industry is facing severe competition and is under financial pressure.
\n
\nCare Ratings pointed to the tariff war started by Reliance Jio giving free voice and data offers, which lead to revenue decline of 1.1% in December 2016 quarter and further decline of 10.2% in the March 2017 quarter.
\n
\n“It was not just the revenues but also the profit margins that were hit on a y-o-y basis in the December 2016 quarter and the March 2017 quarter due to predatory pricing. The operating margin contracted in each of these quarters and the net margin also saw deterioration during these quarters,” the agency said.
\n
\nThe quarterly operating margin dropped to 27.8% in the March 2017 quarter, 0.6 percentage points on-quarter, while net margin dropped to -64.5% from 0.3%, in the same period. The average sales growth rate and net profit margin of the industry remained weak in 2016-17 due to ‘new entrant that forced the incumbent telecom companies to cut their rates for data and other services,’ Care Ratings added.
\n
\nThe telecom operators as well as banks met the IMG over last week to assess stress in the telecom industry and are seeking support from the government for its betterment. Carriers have asked for government support by cutting licence fees, SUC, scrapping the Universal Service Obligation Fund (USOF) and deferring payments for spectrum over 20 years, among others.
\n
Some banks have already raised concerns of loan defaults while the industry itself has been pushed into consolidation mode. Vodafone India<\/a> and Idea Cellular<\/a> are merging as are Reliance Communications<\/a>, MTS<\/a> and Aircel<\/a> to better fight competition.
\n <\/body>","next_sibling":[{"msid":59235954,"title":"Videocon Telecom to grow broadband business; to venture into non-spectrum business lines","entity_type":"ARTICLE","link":"\/news\/videocon-telecom-to-grow-broadband-and-ftth-business-to-also-venture-into-new-non-spectrum-business-lines\/59235954","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":59236769,"entity_type":"ARTICLE","title":"Care Ratings: Cut in telecom revenue target to impact fiscal deficit estimate in 2017-18","synopsis":"The fiscal deficit estimate for the year 2017-18 is Rs 5, 46,532 crore and if the shortfall is taken into account, the deficit estimate for the year will stand increased to Rs 5, 64, 312 crore, the agency added.","titleseo":"telecomnews\/care-ratings-cut-in-telecom-revenue-target-to-impact-fiscal-deficit-estimate-in-2017-18","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-06-20 18:21:46","lastupd":"2017-06-20 18:25:04","breadcrumbTags":["industry","Idea Cellular","Reliance communications","Aircel","MTS","Care Ratings","Vodafone India"],"secinfo":{"seolocation":"telecomnews\/care-ratings-cut-in-telecom-revenue-target-to-impact-fiscal-deficit-estimate-in-2017-18"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-06-20" data-index="article_1">

保健评级:减少电信收入目标影响财政赤字估计在2017 - 18

今年的财政赤字预计2017 - 18是Rs 5, 46532卢比,如果考虑不足,财政赤字估计今年将增加到Rs 5, 64, 312卢比,该机构说。

  • 更新在2017年6月20日下午06:25坚持
新德里:政府的财政赤字预估2017 - 18将从目前GDP的3.24%上升到3.35%,缺口的影响在非税收入目标17780卢比的电信服务,评级机构保健评级周二说。

考虑到严重的激烈的竞争压力,销售额和利润下降,增加债务和巨大的频谱定价收购,该机构已将关注部际集团的决定——调查电信部门的金融压力——它会说“至关重要”。

“如果电信行业低于Rs.17非税收入的目标,780卢比,然后对印度今年的财政赤字估计2017 - 18站估计的3.24%增加到3.35%,”该机构在一份致客户报告中指出。

今年的财政赤字预计2017 - 18是Rs 5, 46532卢比,如果考虑不足,财政赤字估计今年将增加到Rs 5, 64, 312卢比,该机构说。

该机构的观点,来一天后等报道,电信部门(点)要求财政部将非税收入目标从电信服务逾37% Rs 29, 524卢比的当前财政年度,由于行业激烈的竞争造成的金融压力的银行业和债务,认为多数7.29卢比。

“看到当前收入下降的趋势,影响了集合的执照费和频谱使用费用,电信部门认为短期内这一趋势将持续下去,”保健评级的报告中称。

对财政部门预计执照费估计下降了近一半,9255卢比和频谱使用电荷(往下)降低35%以上,达到17056卢比。它还预计零收入频谱拍卖出售,即使有这个财政,作为服务提供者不得收购广播由于高杠杆的资产负债表,成员金融学点说在一封给美国经济事务6月1。

行业的总收入下降了26000卢比,或11%,在过去的财政截至3月31日2.1十万的卢比。压力”的严重的金融部门和快速下降的收入所有主要的电信服务提供商,2017 - 18点预算收入目标估计会需要下调,“阿密特拉在信中说。

按照当前的规范,电信公司支付8%的调整总收入执照费和3 - 6%调整总收入的频谱使用费用。然而,近来行业一直要求政府减少这些指控随着行业正面临严重的竞争和金融压力。

保健评级指出的关税战争开始依赖Jio免费语音和数据提供,导致2016年12月季度收入下降1.1%,进一步在2017年3月季度下降10.2%。

“不仅仅是收入,但也在同比基础上达到的利润率在2016年12月季度和2017年3月季度由于掠夺性定价。每一个季度的营运利润率收缩和净利润率也看到在这季度恶化,”该机构说。

季度营业利润率跌至2017年3月季度的27.8%,上一季度0.6,而净利润率从-64.5%降至0.3%,在同一时期。平均销售增长率和行业的净利润率仍然疲软在2016 - 17因的新进入者,现任电信公司被迫削减利率的数据和其他服务,“保健评级补充道。

电信运营商和银行上周会见了IMG /评估压力在电信行业,寻求政府支持的改善。运营商要求政府支持通过削减许可证费用,往下,取消普遍服务义务基金(USOF)和延迟支付范围超过20年,等等。

一些银行已经贷款违约的担忧,而行业本身已经被推到整合模式。沃达丰印度和知道细胞是合并为信实电信,MTS和Aircel为了更好地对抗竞争。
  • 发表在2017年6月20日下午06:21坚持
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  • 保健评级:减少电信收入目标影响财政赤字估计在2017 - 18
\"\"NEW DELHI: The government’s fiscal deficit estimate for 2017-18 is set to rise to 3.35% from present 3.24% of the GDP, impacted by the shortfall in non-tax revenue target by Rs 17,780 crore from telecom services, ratings agency Care Ratings<\/a> said Tuesday.
\n
\nGiven the severe pressure on account of intense competition, fall in sales and profits, increase in debt and hugely priced spectrum acquisition, the agency has put the focus on the decision that of the inter-ministerial group – looking into the financial stress of the telecom sector – which it said will be of ‘utmost importance.’
\n
“If the telecom industry<\/a> falls short of the non-tax revenue target by Rs.17, 780 crore, then the fiscal deficit estimate for India for the year 2017-18 will stand increased to 3.35% from the estimate of 3.24%,” the agency said in a note to clients.
\n
\nThe fiscal deficit estimate for the year 2017-18 is Rs 5, 46,532 crore and if the shortfall is taken into account, the deficit estimate for the year will stand increased to Rs 5, 64, 312 crore, the agency added.
\n
\nThe agency’s views come a day after ET reported that the telecom department (DoT) asked the finance ministry to cut the non-tax revenue target from telecom services by over 37% to Rs 29, 524 crore for the current financial year, on account of financial stress in the sector caused by intense competition and debts that the banking sector considers to be around Rs 7.29 lakh crore.
\n
\n“Witnessing the current trend of falling revenues that impacted the collections of license fee and spectrum usage charges, the telecom ministry is of the view that this trend will continue in the near term as well,” Care Ratings said in the note.
\n
\nThe department expects license fee estimates for this fiscal to plunge by nearly half to Rs 9,255 crore and spectrum usage charge (SUC) to be lower by more than 35% to Rs 17,056 crore. It also expects zero revenue from spectrum sale even if there is an auction this fiscal, as service providers may not bid for airwaves given their highly leveraged balance sheets, member finance at DoT said in a letter to the department of economic affairs dated June 1.
\n
\nGross revenue of the sector fell by Rs 26,000 crore, or 11% on year, in the last fiscal ended March 31 to Rs 2.1 lakh crore. “In view of the severe financial stress in the sector and rapidly declining revenues of all major telecom service providers, revenue targets for DoT for budget estimates 2017-18 will actually require a downward revision,” Anuradha Mitra said in the letter.
\n
\nAs per the current norms, the telecom companies pay 8% of the adjusted gross revenues as license fee and 3-6% of the adjusted gross revenues as spectrum usage charges. However, of late the industry has been asking the government to reduce these charges as the industry is facing severe competition and is under financial pressure.
\n
\nCare Ratings pointed to the tariff war started by Reliance Jio giving free voice and data offers, which lead to revenue decline of 1.1% in December 2016 quarter and further decline of 10.2% in the March 2017 quarter.
\n
\n“It was not just the revenues but also the profit margins that were hit on a y-o-y basis in the December 2016 quarter and the March 2017 quarter due to predatory pricing. The operating margin contracted in each of these quarters and the net margin also saw deterioration during these quarters,” the agency said.
\n
\nThe quarterly operating margin dropped to 27.8% in the March 2017 quarter, 0.6 percentage points on-quarter, while net margin dropped to -64.5% from 0.3%, in the same period. The average sales growth rate and net profit margin of the industry remained weak in 2016-17 due to ‘new entrant that forced the incumbent telecom companies to cut their rates for data and other services,’ Care Ratings added.
\n
\nThe telecom operators as well as banks met the IMG over last week to assess stress in the telecom industry and are seeking support from the government for its betterment. Carriers have asked for government support by cutting licence fees, SUC, scrapping the Universal Service Obligation Fund (USOF) and deferring payments for spectrum over 20 years, among others.
\n
Some banks have already raised concerns of loan defaults while the industry itself has been pushed into consolidation mode. Vodafone India<\/a> and Idea Cellular<\/a> are merging as are Reliance Communications<\/a>, MTS<\/a> and Aircel<\/a> to better fight competition.
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