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New Delhi: Vodafone Idea<\/a> will seek board approval afresh to raise funds after the government issues detailed guidelines on telecom reform measures, and its promoters will get a chance to participate in the fundraising round, a top company official said on Wednesday.
Vodafone Idea MD<\/a> and CEO Ravinder Takkar told PTI that the company is gearing up to invest in the business and compete in the market.
He said when the actual guidelines are issued by the government, then the company will update its business plans accordingly.
\"We expect those to come out in the next few days. On that basis, how much funding is needed, what amounts are needed, what type of funding is needed will emerge. Obviously we will have to then take it to our board to get the approvals. I see all those steps happening in coming days and weeks starting with the clarity from the government on the details and guidelines of the package,\" he said.
Vi board had earlier approved a fundraise of up to Rs 25,000 crore but it has been unable to finalise any investor as of now.
Its promoters -- Aditya Birla Group and Vodafone -- had earlier declined to invest further in the company. They have not clarified their stance post announcement of telecom reforms by the government.
Asked if the company had been approached by investors, Takkar said they will have a chance to invest in the fundraise after the board approves it but the government reforms have answered all questions that investors had raised.
\"We have been engaged for several months now... engaged in the fund raising process. As we have gone through this process, few things have been very clear to us. There is a lot of interest from these investors in investing in India. There is interest in our sector,\" Takkar said.
The Union Cabinet last week approved a big-bang relief package for the stressed telecom sector that includes a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue on which levies are paid and 100 per cent foreign investment through the automatic route.
The measures, aimed at providing relief to companies such as Vodafone Idea that have to pay thousands of crores in unprovisioned past statutory dues, also include the scrapping of Spectrum Usage Charge (SUC) for airwaves acquired in future spectrum auctions.
\"We will survive and we will always be present. There have always been sceptics and there have been people who have been saying this is not possible. There is no doubt we are going to be in the market, there is no doubt that we will be competing.
\"There is no doubt that this is going to be a three player market with Vodafone Idea continuing to survive and compete in the market,\" Takkar asserted.
He further said the government reform measures have given industry<\/a> confidence that tariffs can increase.
\"Without any intervention from the government, the industry can manage price increases which I think it will. I certainly see it happening in a short period of time. I think it will be gradual but it will start to take place,\" he said. PTI PRS ANZ ABM ABM
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新德里消息:沃达丰的想法将寻求董事会批准重新筹集资金在政府问题的详细指导方针电信改革措施及其推广者将有机会参与融资,公司的一名高级官员周三表示。
沃达丰想法医学博士兼首席执行官Ravinder Takkar告诉PTI公司准备投资业务和市场的竞争。
他说当实际的指导方针是由政府发行,然后该公司将相应更新其商业计划。
“我们期待这些在未来几天。在此基础上,需要多少资金,需要多少,需要什么类型的资金将会出现。显然我们必须把它带到我们的董事会批准。我看到所有这些步骤发生在未来的几天和几个星期里,从明确政府在包的细节和指导方针,”他说。
第六委员会早前批准了一项筹资高达25000卢比,但一直未能敲定任何投资者到目前为止。
其倡导者——Aditya Birla集团和沃达丰(Vodafone)早前在公司拒绝进一步投资。他们没有明确的立场由政府发布公告的电信改革。
问公司投资者接洽,Takkar表示,他们将有机会投资于筹资后董事会批准,但政府改革已经回答了所有的问题,投资者已经提高。
“我们现在几个月了……从事融资过程。我们已经经历了这个过程,一些事情已经非常清楚。有很多这些投资者在印度投资的兴趣。我们部门有兴趣,”Takkar说。
欧盟议会上周通过了一项大爆炸的救援计划强调电信部门,包括四年打破公司支付法定费,允许共享稀缺的电波,变化的定义收入征税的收入和100%的外国投资通过自动路线。
措施,旨在提供救援公司沃达丰等想法,必须支付数千卢比unprovisioned过去法定费,还包括频谱使用的取消费用(往下)电视广播在未来获得频谱拍卖。
“我们将生存,我们将始终存在。一直都有持怀疑态度的人还有人说这是不可能的。毫无疑问我们将在市场上,毫无疑问,我们将相互竞争。
“毫无疑问,这将是一个三个球员市场与沃达丰的想法继续生存和竞争的市场,“Takkar断言。
他进一步表示,政府改革措施行业关税可以增加信心。
“没有政府的干预,该行业可以管理价格上涨,我认为它会。我当然看到它发生在很短的时间内。我认为这将是渐进的,但它会发生,”他说。PTI PRS澳新银行反弹道导弹反弹道导弹
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