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According to rating agency Crisil, incumbent operators will not only be forced to relook at their tariff structures and customer retention strategy but may also be forced to bid more aggressively in the forthcoming spectrum auctions to improve capacity to provide 4G services. \"We expect ebitda margins for the industry<\/a> to collapse by 250-300 basis points in 2016-17 and remain under pressure in the next fiscal as well (100bps = 1 percentage point),\" the rating agency said. Crisil research expects that by opting for Reliance Jio, the monthly mobile bill for a mid- to high-end subscriber would come down by 50-60%.
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\nFor banks, loans to the telecom sector account for around Rs 91,000 crore as on July 2016, out of their total loans of Rs 72 lakh crore. Bank exposure to telecom has come down steadily since 2011 as companies repaid some of the borrowing they had undertaken in 2010 in the wake of the 3G auctions.
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\"We got this wrong; wrong in terms of the extent of disruption, both qualitative and quantitative, that R-Jio's announced tariff plans can potentially cause,\" said Rohit Chordia of Kotak<\/a> Research in a report. \"This stress, if it occurs, would be quite chunky in nature and timing would be uncertain. We could see borrowers looking to elongate their repayment of loans under the various schemes, such as 5:25, introduced by the RBI,\" said the Kotak report. In the private sector, Yes Bank and IndusInd Bank have the largest exposure to the sector with loans to telecom accounting for 4.5% and 2.3% of their respective books. Some feel that the stress could result in further consolidation.
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The Kotak report said that entry of Jio adds to the already-high uncertainty and challenges of valuing Reliance Communications and the company has decided to drop coverage of the stock. Emkay<\/a> Global Research has cut its revenue assumptions for Bharti Airtel<\/a> and Idea. For the two companies for FY18, it has cut ebitda by 6% and 12%, respectively.
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\n\n<\/body>","next_sibling":[{"msid":53990120,"title":"PM Narendra Modi should take action if Jio ad published without permission: Congress","entity_type":"ARTICLE","link":"\/news\/pm-narendra-modi-should-take-action-if-jio-ad-published-without-permission-congress\/53990120","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53990291,"entity_type":"ARTICLE","title":"Lenders to telcos may feel Reliance Jio heat","synopsis":"Lenders might face the heat in the telecom war that has been unleashed with the launch of Reliance Jio.","titleseo":"telecomnews\/lenders-to-telcos-may-feel-reliance-jio-heat","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2016-09-03 09:49:52","lastupd":"2016-09-29 16:19:13","breadcrumbTags":["Airtel","RCom","industry","Kotak","Emkay","Reliance Jio","Jio2016"],"secinfo":{"seolocation":"telecomnews\/lenders-to-telcos-may-feel-reliance-jio-heat"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-09-03" data-index="article_1">
孟买:银行可能面临热电信推出所引发的战争依赖Jio。电信公司预计FY17急剧下降的利润率,这将减少他们的现金流,使他们难以偿还债务。
根据评级机构Crisil现任运营商不仅会被迫审视一下他们的关税结构和客户保留策略,但也可能被迫在即将到来的频谱拍卖更积极地改善能力提供4 g服务。“我们预计的ebitda利润率行业崩溃到250 - 300个基点在2016 - 17和未来财政仍处于压力之下(100个基点= 1%),”评级机构说。Crisil的研究预计,通过选择信实Jio,每月手机账单的中期高端用户会下降了50 - 60%。
电信业对银行来说,贷款约占91000卢比在2016年7月,从他们的贷款总额72年十万的卢比。银行暴露在电信2011年以来的稳步下降,公司偿还部分借款,他们在2010年进行的3 g拍卖。
“我们得到这个错误的;错误中断的程度而言,这两个定性和定量,R-Jio宣布关税的计划可能会导致“Rohit Chordia说科塔克研究报告中。“这压力,如果它发生,很厚实,时间是不确定的。我们可以看到借款人寻求延长偿还贷款的各种方案,如25,由印度储备银行,”科塔克报告。在私营部门,是的银行和IndusInd银行与贷款行业最大的电信各自书籍占4.5%和2.3%。有人认为压力可能导致进一步的整合。
科塔克的报告说,进入Jio增加了很高的不确定性和挑战评估Reliance Communications,公司已决定放弃股票的报道。假如Bharti的全球研究将其收入假设附近的旅馆和想法。为两家公司FY18,息税前利润减少了6%和12%,分别。
根据评级机构Crisil现任运营商不仅会被迫审视一下他们的关税结构和客户保留策略,但也可能被迫在即将到来的频谱拍卖更积极地改善能力提供4 g服务。“我们预计的ebitda利润率行业崩溃到250 - 300个基点在2016 - 17和未来财政仍处于压力之下(100个基点= 1%),”评级机构说。Crisil的研究预计,通过选择信实Jio,每月手机账单的中期高端用户会下降了50 - 60%。
电信业对银行来说,贷款约占91000卢比在2016年7月,从他们的贷款总额72年十万的卢比。银行暴露在电信2011年以来的稳步下降,公司偿还部分借款,他们在2010年进行的3 g拍卖。
“我们得到这个错误的;错误中断的程度而言,这两个定性和定量,R-Jio宣布关税的计划可能会导致“Rohit Chordia说科塔克研究报告中。“这压力,如果它发生,很厚实,时间是不确定的。我们可以看到借款人寻求延长偿还贷款的各种方案,如25,由印度储备银行,”科塔克报告。在私营部门,是的银行和IndusInd银行与贷款行业最大的电信各自书籍占4.5%和2.3%。有人认为压力可能导致进一步的整合。
科塔克的报告说,进入Jio增加了很高的不确定性和挑战评估Reliance Communications,公司已决定放弃股票的报道。假如Bharti的全球研究将其收入假设附近的旅馆和想法。为两家公司FY18,息税前利润减少了6%和12%,分别。
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