\"\"
<\/span><\/figcaption><\/figure>Mumbai: Vodafone Idea<\/a> (Vi<\/a>) has assured banks over the last few weeks that it will not default on payments. It has told the lenders that since its next installment of adjusted gross revenue (AGR) dues is scheduled only in March 2022, the bulk of the cash flow it generates from fundraising will be used to pay the banks, people familiar with the development told ET.

“Last year, the Vi management had told us that it won’t be able to pay up our dues; now the tune is completely different,” a top bank official said. “The management has told us that it has changed the brand identity, and is going to raise Rs 25,000 crore. It is also going to raise tariffs. I believe Vi is in a positive territory now.”

Lenders have also been writing back provisions made on the account.

“I think the worst is behind for Vi; the biggest takeaway is that between now and March 2022, Vi does not have any spectrum payment to make and banks have been assured that all the cash flow coming into the company is for servicing loans. In fact, we have been rolling back provisions that we made on that account,” said another private bank official.

State Bank of India has lent Rs 11,200 crore to Vi, while Punjab National Bank has advanced Rs 1,000 crore. Private banks led by IndusInd Bank (Rs 5,000 crore) and ICICI Bank (Rs 1,700 crore) are the other major lenders.

Vi did not respond to ET’s queries.

Read also<\/h4>
<\/a><\/figure>
No bank willing to give guarantee now: Vodafone Idea to SC<\/a><\/h5><\/div>
<\/a><\/figure>
AGR case: Vodafone Idea refuses to provide any bank guarantee, says no funds<\/a><\/h5><\/div><\/div><\/div>
ET had recently reported that banks had asked loss-making
Vodafone<\/a> Idea (Vi) and its promoters to provide them with a letter of comfort or other guarantees that their loan obligations will be fulfilled. Vi has said that its continuation as a going concern depends on successful negotiations with lenders and its ability to generate the cash flow needed to settle or refinance its liabilities and guarantees as they fall due.

Vi’s net debt was Rs 1,14,510 crore at the end of September, compared with Rs 1,15,500 crore in Q1, including deferred spectrum payment obligations.

The telco, formed out of the merger between the UK’s Vodafone Group and the
Aditya Birla Group<\/a> in August 2018, sharply narrowed its loss in the September quarter to Rs 7,203.4 crore. However, the telco continues to lose subscribers – 8 million in the just-ended quarter and 11 million in the first three months of this financial year. The telco has about 271 million users, compared with about 408 million at the time of the merger.

Vi needs to pay over Rs 50,000 crore in AGR dues over 10 annual instalments through March 31, 2031. Besides, Vi needs to expand its 4G network and catch up with rivals
Reliance Jio<\/a> and Bharti Airtel<\/a> to stall subscriber losses and start adding users.

Vi managing director Ravinder Takkar recently told analysts that the company should raise up to Rs 25,000 crore via debt and equity within the next two to three months. He had also said the telco won’t shy away from being the first to increase tariffs.

<\/body>","next_sibling":[{"msid":79120860,"title":"Netflix picks France to launch its first TV channel","entity_type":"ARTICLE","link":"\/news\/netflix-picks-france-to-launch-its-first-tv-channel\/79120860","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"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":79120907,"entity_type":"ARTICLE","title":"Vodafone Idea assures banks it will not default on payment deadlines","synopsis":"State Bank of India has lent Rs 11,200 crore to Vi, while Punjab National Bank has advanced Rs 1,000 crore. Private banks led by IndusInd Bank (Rs 5,000 crore) and ICICI Bank (Rs 1,700 crore) are the other major lenders.","titleseo":"telecomnews\/vodafone-idea-assures-banks-it-will-not-default-on-payment-deadlines","status":"ACTIVE","authors":[{"author_name":"Saloni Shukla","author_link":"\/author\/479242889\/saloni-shukla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242889.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479242889,"author_name":"Saloni Shukla","author_seo_name":"saloni-shukla","designation":"Deputy Banking Editor","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479212895\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212895.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479212895,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":11099,"shares":0,"engagementtimems":55028000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-11-09 08:27:21","lastupd":"2020-11-09 08:27:21","breadcrumbTags":["Vodafone Idea","vodafone idea agr","VI","Aditya Birla Group","Industry","reliance jio","bharti airtel","telecom news","Vodafone"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-assures-banks-it-will-not-default-on-payment-deadlines"}}" data-authors="[" saloni shukla","devina sengupta"]" data-category-name="" data-category_id="" data-date="2020-11-09" data-index="article_1">

沃达丰理念确保银行不会拖欠付款的最后期限

印度国家银行借给Vi 11200卢比,而旁遮普国家银行拥有先进的1000卢比。私人银行由IndusInd银行(5000卢比),印度工业信贷投资银行(1700卢比)是另一个主要银行。

Saloni舒克拉 Devina森古普塔
  • 发布于2020年11月9日08:27点坚持
阅读: 100年行业专业人士
读者的形象读到100年行业专业人士
孟买:沃达丰的想法(六世)已经向银行在过去几周内保证它不会拖欠付款。告诉银行,由于其调整后的总收益的下一部分(AGR)费预计只有2022年3月,它生成的大部分现金流从募集资金将用于支付银行,知情人士告诉等发展。

“去年,Vi管理告诉我们,它不能支付我们的会费;现在的态度是完全不同的,”银行的一位高级官员说。“管理告诉我们,它改变了品牌标识,并将提高25000卢比。也要提高关税。我相信Vi是积极的领地了。”

广告
银行也被写回到规定的账户。

“我认为最严重的是第六;最大的收获是,从现在起到2022年3月,Vi没有任何光谱付款,银行一直保证现金流进入该公司偿还贷款。事实上,我们一直在回滚的条款我们账户,”另一位私人银行官员说。

印度国家银行借给Vi 11200卢比,而旁遮普国家银行拥有先进的1000卢比。私人银行由IndusInd银行(5000卢比),印度工业信贷投资银行(1700卢比)是另一个主要银行。

六世没有回应等的查询。

读也


等最近报道,银行亏损的问道沃达丰(Vodafone)想法(Vi)及其启动子给他们提供安慰信或其他保证贷款将履行的义务。六世曾表示,其作为持续经营的延续取决于成功的与银行的谈判和其产生现金流的能力需要解决或为其债务进行再融资和担保到期。

广告
Vi的净债务是Rs 14510卢比在9月底,与Rs 1相比,15500卢比的第一季度,包括延迟谱付款义务。

电信,形成了英国的沃达丰集团和之间的合并Aditya Birla集团2018年8月,9月季度大幅缩小其损失7203。4卢比。然而,电信继续失去用户过去一季和1100万年- 800万年在本财政年度的前三个月。电信拥有大约2.71亿用户,而约4.08亿时的合并。

Vi需要支付超过50000卢比的AGR费超过10年分期通过3月31日,2031年。此外,Vi需要扩大其4 g网络,赶上竞争对手依赖JioBharti Airtel失速用户损失,开始添加用户。

Vi总经理Ravinder Takkar最近告诉分析师,公司应该通过债券和股票筹资至多25000卢比在未来两到三个月。他还说,电信不会回避成为第一个增加关税。

  • 发布于2020年11月9日08:27点坚持
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\"\"
<\/span><\/figcaption><\/figure>Mumbai: Vodafone Idea<\/a> (Vi<\/a>) has assured banks over the last few weeks that it will not default on payments. It has told the lenders that since its next installment of adjusted gross revenue (AGR) dues is scheduled only in March 2022, the bulk of the cash flow it generates from fundraising will be used to pay the banks, people familiar with the development told ET.

“Last year, the Vi management had told us that it won’t be able to pay up our dues; now the tune is completely different,” a top bank official said. “The management has told us that it has changed the brand identity, and is going to raise Rs 25,000 crore. It is also going to raise tariffs. I believe Vi is in a positive territory now.”

Lenders have also been writing back provisions made on the account.

“I think the worst is behind for Vi; the biggest takeaway is that between now and March 2022, Vi does not have any spectrum payment to make and banks have been assured that all the cash flow coming into the company is for servicing loans. In fact, we have been rolling back provisions that we made on that account,” said another private bank official.

State Bank of India has lent Rs 11,200 crore to Vi, while Punjab National Bank has advanced Rs 1,000 crore. Private banks led by IndusInd Bank (Rs 5,000 crore) and ICICI Bank (Rs 1,700 crore) are the other major lenders.

Vi did not respond to ET’s queries.

Read also<\/h4>
<\/a><\/figure>
No bank willing to give guarantee now: Vodafone Idea to SC<\/a><\/h5><\/div>
<\/a><\/figure>
AGR case: Vodafone Idea refuses to provide any bank guarantee, says no funds<\/a><\/h5><\/div><\/div><\/div>
ET had recently reported that banks had asked loss-making
Vodafone<\/a> Idea (Vi) and its promoters to provide them with a letter of comfort or other guarantees that their loan obligations will be fulfilled. Vi has said that its continuation as a going concern depends on successful negotiations with lenders and its ability to generate the cash flow needed to settle or refinance its liabilities and guarantees as they fall due.

Vi’s net debt was Rs 1,14,510 crore at the end of September, compared with Rs 1,15,500 crore in Q1, including deferred spectrum payment obligations.

The telco, formed out of the merger between the UK’s Vodafone Group and the
Aditya Birla Group<\/a> in August 2018, sharply narrowed its loss in the September quarter to Rs 7,203.4 crore. However, the telco continues to lose subscribers – 8 million in the just-ended quarter and 11 million in the first three months of this financial year. The telco has about 271 million users, compared with about 408 million at the time of the merger.

Vi needs to pay over Rs 50,000 crore in AGR dues over 10 annual instalments through March 31, 2031. Besides, Vi needs to expand its 4G network and catch up with rivals
Reliance Jio<\/a> and Bharti Airtel<\/a> to stall subscriber losses and start adding users.

Vi managing director Ravinder Takkar recently told analysts that the company should raise up to Rs 25,000 crore via debt and equity within the next two to three months. He had also said the telco won’t shy away from being the first to increase tariffs.

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