The Department of Telecommunications (DoT<\/a>) has accepted a petition from mobile phone companies seeking a truncated tenure for bank guarantees with a validity of one year instead of the mandated three as lenders are reluctant to provide fresh backing for a longer period. 电信部门(点)已经接受了来自移动电话公司的一份请愿书寻求截断任期一年银行担保的有效性而不是授权三个银行不愿提供新的支持更长一段。 电信部门(点)已经接受了来自移动电话公司的一份请愿书寻求截断任期一年银行担保的有效性而不是授权三个银行不愿提供新的支持更长一段。 The Department of Telecommunications (DoT<\/a>) has accepted a petition from mobile phone companies seeking a truncated tenure for bank guarantees with a validity of one year instead of the mandated three as lenders are reluctant to provide fresh backing for a longer period.
Bharti Airtel<\/a> and Vodafone Idea<\/a> - both loss-making and facing cumulative adjusted gross revenue (AGR<\/a>) dues of over Rs76,000 crore - are said to be in talks with State Bank of India<\/a> (SBI), HDFC Bank and Axis Bank for fresh guarantees ahead of airwave auctions that start March 1.
The telcos need to provide bank guarantees to back their earnest money deposits (EMD) to bid in the auctions and to cover for their annual instalment amounts towards the airwaves they buy in the sale.
A banker in the know said that he was in talks with the two telcos to iron out some differences.
“The reluctance to sign off on bank guarantees is largely due to the uncertainties on the policy<\/a> decisions the government would take…we are just getting out of one AGR hassle and then to commit to another round of bank guarantees we have to be sure about the future growth and financial performance of these organisations,” said an official in the know.
The deadline for applying to participate in the auction has been extended to February 9 from February 5, giving telcos more time to thrash out differences with the banks<\/a>.
<\/p>Read also<\/h4>
![\"DoT](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/a><\/figure>DoT officials deny moving SC seeking clarity on AGR dues timeline<\/a><\/h5><\/div>
<\/a><\/figure>India aims to become Atmanirbhar in digital connectivity<\/a><\/h5><\/div><\/div><\/div>
Analysts say Bharti Airtel is much better placed financially, having raised $8 billion since October 2019 and its operational fundamentals quite strong, compared with Vodafone Idea, which is rapidly losing users, revenue and subscriber market share.
The telcos underlined their concern to the DoT pointing out banks' reluctance to provide longer bank guarantees (BGs) given the financial stress in a sector under over Rs 8 lakh crore of debt.
“With the current state of telecom industry banks are not agreeable to issue BGs for validly longer than one year, hence it is requested that wherever the requirement is to secure amounts of period longer than one year, a one-year BG may be allowed, which can be renewed annually, the interest of DoT will be equally protected as in the case of failure to renew the BG were required DoT can always have the right to invoke the set BG,” said a request from from the operators. “This will help the applicants to better participate in the auction.”
The DoT has agreed to accept the terms of annual renewable bank guarantees. Though no telecom has been identified, sources said Airtel and Vi had made these requests.
Airtel owes the government almost Rs 26,000 crore in AGR dues, while Vi needs to pay about Rs 50,400 crore. Both need to pay in 10 equal instalments through March 31, 2031.
Airtel, Vi and lenders did not respond to ET’s queries seeking comment.
DoT aims to sell 2,250 MHz of 4G airwaves across seven bands from March 1 worth Rs 3.92 lakh crore at the base price.
<\/body>","next_sibling":[{"msid":80673038,"title":"India powers Spotify's growth as it closes in on 350 million monthly active users","entity_type":"ARTICLE","link":"\/news\/india-powers-spotifys-growth-as-it-closes-in-on-350-million-monthly-active-users\/80673038","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"80673605","title":"telecom tower","entity_type":"IMAGES","seopath":"telecomnews\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year\/telecom-tower","category_name":"DoT accepts telcos' plea to accept bank guarantees valid for 1 year","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-36380\/80673605.cms?width=150&height=112","link":"\/image\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year\/telecom-tower\/80673605"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":80673612,"entity_type":"ARTICLE","title":"DoT accepts telcos' plea to accept bank guarantees valid for 1 year","synopsis":"The Department of Telecommunications (DoT) has accepted a petition from mobile phone companies seeking a truncated tenure for bank guarantees with a validity of one year instead of the mandated three as lenders are reluctant to provide fresh backing for a longer period.","titleseo":"telecomnews\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=250&height=250&imgsize=4566","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Saloni Shukla","author_link":"\/author\/479242889\/saloni-shukla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242889.cms?width=250&height=250&imgsize=22431","author_additional":{"thumbsize":true,"msid":479242889,"author_name":"Saloni Shukla","author_seo_name":"saloni-shukla","designation":"Deputy Banking Editor","agency":false}}],"analytics":{"comments":0,"views":1112,"shares":0,"engagementtimems":4250000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-02-03 22:10:26","lastupd":"2021-02-03 22:11:11","breadcrumbTags":["DoT","Jio","Airtel","banks","Vodafone Idea","state bank of india","AGR","telecom news","policy"],"secinfo":{"seolocation":"telecomnews\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year"}}" data-authors="[" devina sengupta","saloni shukla"]" data-category-name="" data-category_id="" data-date="2021-02-03" data-index="article_1">
点接受电信公司的请求接受银行担保有效期为1年
Bharti附近的旅馆和沃达丰的想法——面临亏损和累积调整收入总额(AGR)费超过Rs76,000卢比——据说与印度国家银行HDFC银行(SBI)和轴新鲜银行担保电波拍卖之前,3月1日开始。
电信公司需要提供银行担保来支持他们的保证金存款(EMD)投标拍卖和覆盖的年度分期付款金额向他们购买的电视销售。
“不愿签署银行担保主要是由于不确定性的政策决定政府将采取…我们只是走出一个AGR麻烦然后承诺新一轮的银行担保我们必须确定这些组织的未来发展和财务表现,”一位官员说知道。
申请参与拍卖的最后期限被延长至2月9日从2月5日,给电信公司更多的时间来研究解决分歧的银行。
分析人士说Bharti Airtel更好的经济,2019年10月以来已经筹集了80亿美元及其运营基本面非常强劲,与沃达丰的想法相比,迅速失去用户,收入和用户市场份额。
电信公司强调他们的关心点指出银行不愿提供了银行担保(BGs)鉴于金融压力在一个行业超过十万的8卢比的债务。
“电信行业的当前状态的银行不同意问题英国地质调查局有效时间超过一年,因此要求无论要求是获得大量的时间超过一年,一年的BG可能是允许的,可每年更新,点也会同样受到保护的利益在失败的情况下需要更新BG点可以有权调用设置BG,“说运营商的要求。“这将帮助申请人更好地参与拍卖。”
点已同意接受年度可再生银行担保的条款。尽管没有确定了电信,消息人士称Airtel和Vi这些请求。
Airtel欠政府近26000卢比AGR会费,而Vi需要支付大约50400卢比。都需要支付10等于分期付款在3月31日,2031年。
Airtel Vi和银行没有回复要求置评的等的查询。
点目标销售2250 MHz的4 g无线电波七乐队从3月1日在底价价值十万的3.92卢比。
Bharti Airtel<\/a> and Vodafone Idea<\/a> - both loss-making and facing cumulative adjusted gross revenue (AGR<\/a>) dues of over Rs76,000 crore - are said to be in talks with State Bank of India<\/a> (SBI), HDFC Bank and Axis Bank for fresh guarantees ahead of airwave auctions that start March 1.
The telcos need to provide bank guarantees to back their earnest money deposits (EMD) to bid in the auctions and to cover for their annual instalment amounts towards the airwaves they buy in the sale.
A banker in the know said that he was in talks with the two telcos to iron out some differences.
“The reluctance to sign off on bank guarantees is largely due to the uncertainties on the policy<\/a> decisions the government would take…we are just getting out of one AGR hassle and then to commit to another round of bank guarantees we have to be sure about the future growth and financial performance of these organisations,” said an official in the know.
The deadline for applying to participate in the auction has been extended to February 9 from February 5, giving telcos more time to thrash out differences with the banks<\/a>.
<\/p>Read also<\/h4>
<\/a><\/figure>DoT officials deny moving SC seeking clarity on AGR dues timeline<\/a><\/h5><\/div>
<\/a><\/figure>India aims to become Atmanirbhar in digital connectivity<\/a><\/h5><\/div><\/div><\/div>
Analysts say Bharti Airtel is much better placed financially, having raised $8 billion since October 2019 and its operational fundamentals quite strong, compared with Vodafone Idea, which is rapidly losing users, revenue and subscriber market share.
The telcos underlined their concern to the DoT pointing out banks' reluctance to provide longer bank guarantees (BGs) given the financial stress in a sector under over Rs 8 lakh crore of debt.
“With the current state of telecom industry banks are not agreeable to issue BGs for validly longer than one year, hence it is requested that wherever the requirement is to secure amounts of period longer than one year, a one-year BG may be allowed, which can be renewed annually, the interest of DoT will be equally protected as in the case of failure to renew the BG were required DoT can always have the right to invoke the set BG,” said a request from from the operators. “This will help the applicants to better participate in the auction.”
The DoT has agreed to accept the terms of annual renewable bank guarantees. Though no telecom has been identified, sources said Airtel and Vi had made these requests.
Airtel owes the government almost Rs 26,000 crore in AGR dues, while Vi needs to pay about Rs 50,400 crore. Both need to pay in 10 equal instalments through March 31, 2031.
Airtel, Vi and lenders did not respond to ET’s queries seeking comment.
DoT aims to sell 2,250 MHz of 4G airwaves across seven bands from March 1 worth Rs 3.92 lakh crore at the base price.
<\/body>","next_sibling":[{"msid":80673038,"title":"India powers Spotify's growth as it closes in on 350 million monthly active users","entity_type":"ARTICLE","link":"\/news\/india-powers-spotifys-growth-as-it-closes-in-on-350-million-monthly-active-users\/80673038","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"80673605","title":"telecom tower","entity_type":"IMAGES","seopath":"telecomnews\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year\/telecom-tower","category_name":"DoT accepts telcos' plea to accept bank guarantees valid for 1 year","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-36380\/80673605.cms?width=150&height=112","link":"\/image\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year\/telecom-tower\/80673605"},{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":80673612,"entity_type":"ARTICLE","title":"DoT accepts telcos' plea to accept bank guarantees valid for 1 year","synopsis":"The Department of Telecommunications (DoT) has accepted a petition from mobile phone companies seeking a truncated tenure for bank guarantees with a validity of one year instead of the mandated three as lenders are reluctant to provide fresh backing for a longer period.","titleseo":"telecomnews\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=250&height=250&imgsize=4566","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Saloni Shukla","author_link":"\/author\/479242889\/saloni-shukla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242889.cms?width=250&height=250&imgsize=22431","author_additional":{"thumbsize":true,"msid":479242889,"author_name":"Saloni Shukla","author_seo_name":"saloni-shukla","designation":"Deputy Banking Editor","agency":false}}],"analytics":{"comments":0,"views":1112,"shares":0,"engagementtimems":4250000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-02-03 22:10:26","lastupd":"2021-02-03 22:11:11","breadcrumbTags":["DoT","Jio","Airtel","banks","Vodafone Idea","state bank of india","AGR","telecom news","policy"],"secinfo":{"seolocation":"telecomnews\/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year"}}" data-news_link="//www.iser-br.com/news/dot-accepts-telcos-plea-to-accept-bank-guarantees-valid-for-1-year/80673612">
读到
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动