Mumbai: Vodafone Idea<\/a> (Vi) plans to fold up its 3G services by FY22<\/a> as it bids to move towards becoming 4G-focussed telco in a bid to boost revenue, although it would keep its 2G services running for years given that it has a large segment of basic phone subscribers. 沃达丰的想法(Vi)计划将其3 g服务由FY22投标走向成为4 g-focussed电信为了增加收入,尽管将保持其2 g服务运行多年,因为它的大部分基本的电话用户。 孟买:沃达丰的想法(Vi)计划将其3 g服务FY22如投标走向成为4 g-focussed电信为了增加收入,尽管将保持其2 g服务运行多年,因为它有一个大的部分基本的电话用户。 Mumbai: Vodafone Idea<\/a> (Vi) plans to fold up its 3G services by FY22<\/a> as it bids to move towards becoming 4G-focussed telco in a bid to boost revenue, although it would keep its 2G services running for years given that it has a large segment of basic phone subscribers.
The telco's senior management, at its quarterly earnings call on Monday, also allayed concerns around delays in its Rs25,000-crore fund raising plans, saying it will close \"soon\" given the keen interest shown by potential investors. ET has reported a consortium led by Oak Hill Advisors is in advanced talks with the only loss-making telco in India for a $2-billion credit line.
\"The direction which we are taking is that 3G is not required anymore. It has been continued, only because some people have devices which can be used only on 3G and not on 4G,\" Chief Financial Officer Akshaya Moondra told analysts. The telco still has around 11 million 3G users.
\"…Ideally, we should be done with our 3G closure in FY22,\" he added.
However, which it still has some 149 million of its 268 million users still on 2G, will continue to offer the legacy technology for a “very long period of time,” said Managing Director Ravinder Takkar, stressing that it can be used for voice and certain Internet of Things (IoT) services without any increase in costs.
Rival and market leader Reliance Jio<\/a> – which runs a 4G-only network - has been pushing the authorities to intervene to ensure India has only latest technology. But both Airtel<\/a> and Vodafone Idea – being older operators – offer all three technologies, but have been taking steps to shut 3G services while keeping running. Airtel has some 133 million non-data, mainly 2G, users of its 308 million subscriber base.
Takkar also dispelled concerns around possible any delays in raising funds, saying, \"We are very well engaged and that there is interest from various participants in helping us with fundraising\", saying the demand for investing in the telco was \"very positive\".
Shares of Vi closed at Rs 12.08, down by 3.7% on the BSE, in a positive broader market, as investors were disappointed despite a narrower net loss, due to continued subscriber losses (over 2 million), below expected average revenue per user (ARPU) of Rs121 and limited capex spending (Rs970 crore) that the telco reported in its third quarter.
Brokerage firm CLSA has called it an “unsatisfactory performance”, highlighting the “enormous debt burden” of the operator.
<\/p>Read also<\/h4>
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<\/a><\/figure>Vodafone Idea capex still low at Rs 10 billion: ICICI Securities<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea disappoints markets with lower than expected ARPU, Capex, shares fall<\/a><\/h5><\/div><\/div><\/div>
Brokerage Goldman Sachs<\/a> said that at current annual earnings before interest, tax, depreciation & amortization (EBITDA<\/a>) run rate of Rs7100 crore, excluding some accounting impact and one-offs, the company should have enough liquidity to meet scheduled payments due until the end of 2021.
“However, between Dec ‘21 and April ‘22, Vodafone Idea has about Rs21,500 crore of dues payable (debt, AGR<\/a> and spectrum), and without a tariff hike, our estimates show a capital shortfall of around Rs20,000 crore for the company during this period. Since most of these dues are recurring in nature, we believe a one-time capital raise would not be a sustainable solution to Vodafone Idea’s balance sheet stress,” Goldman Sachs said.
It added that to improve its financial position, the telco would need to increase tariffs would immediately.
Takkar said that Vi will increase rates when it \"is the right time...we are not waiting for anyone. Tariff hike is much needed\".
While Airtel and Jio have announced their 5G prowess, Takkar said Vi’s network is also 5G ready but the ecosystem needs enough user case studies, spectrum in the 3500 Mhz band and handsets that can accommodate the next generation services, for it to be truly launched in India.
\"We have always said that our network is 5G ready... Interesting that competitors are showing DSR (dynamic spectrum refarming) in a lab environment when we have been practically running 1000s of sites in a production environment for a very long period of time,\" said Takkar.
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沃达丰想法FY22关闭3 g,融资很快被关闭
电信的高级管理人员,在其季度财报电话会议周一,也减轻担忧延迟其Rs25,000-crore融资计划,说它将关闭“很快”给潜在投资者所表现出的浓厚兴趣。等报道牵头的财团橡树山顾问是在高级会谈唯一亏损电信在印度20亿美元的信贷额度。
“…在理想情况下,我们应该完成我们的3 g FY22关闭,”他补充道。
然而,它仍然有大约1.49亿的2.68亿用户仍在2 g,将继续提供遗留技术说:“很长一段时间,”总经理Ravinder Takkar,强调它可以用于语音和某些物联网(物联网)服务在不增加成本。
竞争对手和市场领导者依赖Jio——运行4 g-only网络——一直在推动印度当局干预,以确保只有最新技术。但是这两个附近的旅馆和沃达丰的想法——年纪大运营商提供这三个技术,但一直采取措施关闭3 g服务,同时保持运行。旅馆有1.33亿的数据,主要是2 g,其3.08亿用户的用户基础。
Takkar也消除担忧可能筹集资金的任何延误,说,“我们都很好,有各种参与者的兴趣帮助我们筹款”,说投资电信的需求是“非常积极的”。
Vi股价收报12.08 Rs,疯牛病下降了3.7%,以一种积极的更广泛的市场,随着投资者感到失望,尽管一个狭义的净亏损,由于用户持续亏损(超过200万),低于预期的每用户平均收入(ARPU) Rs121和有限的资本支出(Rs970卢比),电信在其第三季度报告。
经纪公司里昂证券(CLSA)称之为“不令人满意的表现”,强调“巨大的债务负担”的运营商。
经纪公司高盛(Goldman Sachs)说,目前年收入未计利息、税项、折旧和摊销(息税前利润)运行速度Rs7100卢比,扣除一些会计的影响和突发事件,公司应该有足够的流动性以满足预定支付由于直到2021年底。
“然而,在12月21日和4月22日,沃达丰的想法有Rs21,500卢比的会费的支付(债务,AGR和光谱),没有关税上调,我们的估计显示资本缺口约Rs20,000卢比的公司在此期间。因为大多数这些税在本质上是重复的,我们相信一次性融资不是一个可持续的解决方案,沃达丰(Vodafone)想法的资产负债表压力,”高盛(Goldman Sachs)说。
它补充说,改善其财务状况,电信将会立即需要增加关税。
Takkar说Vi将增加率”是正确的时候……我们不会等待任何人。关税上调是急需的。”
Airtel和Jio宣布5 g的威力,Takkar 5 g Vi的网络也说准备好了但是这个生态系统需要足够的用户案例研究,在3500 Mhz频段频谱和手机能够适应下一代服务,要真正在印度推出了。
“我们一直说,我们的网络是5克准备……有趣的是竞争对手显示域(动态频谱refarming)在实验室环境中当我们已经几乎1000年代网站在生产环境中运行很长一段时间,“Takkar说。
The telco's senior management, at its quarterly earnings call on Monday, also allayed concerns around delays in its Rs25,000-crore fund raising plans, saying it will close \"soon\" given the keen interest shown by potential investors. ET has reported a consortium led by Oak Hill Advisors is in advanced talks with the only loss-making telco in India for a $2-billion credit line.
\"The direction which we are taking is that 3G is not required anymore. It has been continued, only because some people have devices which can be used only on 3G and not on 4G,\" Chief Financial Officer Akshaya Moondra told analysts. The telco still has around 11 million 3G users.
\"…Ideally, we should be done with our 3G closure in FY22,\" he added.
However, which it still has some 149 million of its 268 million users still on 2G, will continue to offer the legacy technology for a “very long period of time,” said Managing Director Ravinder Takkar, stressing that it can be used for voice and certain Internet of Things (IoT) services without any increase in costs.
Rival and market leader Reliance Jio<\/a> – which runs a 4G-only network - has been pushing the authorities to intervene to ensure India has only latest technology. But both Airtel<\/a> and Vodafone Idea – being older operators – offer all three technologies, but have been taking steps to shut 3G services while keeping running. Airtel has some 133 million non-data, mainly 2G, users of its 308 million subscriber base.
Takkar also dispelled concerns around possible any delays in raising funds, saying, \"We are very well engaged and that there is interest from various participants in helping us with fundraising\", saying the demand for investing in the telco was \"very positive\".
Shares of Vi closed at Rs 12.08, down by 3.7% on the BSE, in a positive broader market, as investors were disappointed despite a narrower net loss, due to continued subscriber losses (over 2 million), below expected average revenue per user (ARPU) of Rs121 and limited capex spending (Rs970 crore) that the telco reported in its third quarter.
Brokerage firm CLSA has called it an “unsatisfactory performance”, highlighting the “enormous debt burden” of the operator.
<\/p>Read also<\/h4>
<\/a><\/figure>Vodafone Idea capex still low at Rs 10 billion: ICICI Securities<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea disappoints markets with lower than expected ARPU, Capex, shares fall<\/a><\/h5><\/div><\/div><\/div>
Brokerage Goldman Sachs<\/a> said that at current annual earnings before interest, tax, depreciation & amortization (EBITDA<\/a>) run rate of Rs7100 crore, excluding some accounting impact and one-offs, the company should have enough liquidity to meet scheduled payments due until the end of 2021.
“However, between Dec ‘21 and April ‘22, Vodafone Idea has about Rs21,500 crore of dues payable (debt, AGR<\/a> and spectrum), and without a tariff hike, our estimates show a capital shortfall of around Rs20,000 crore for the company during this period. Since most of these dues are recurring in nature, we believe a one-time capital raise would not be a sustainable solution to Vodafone Idea’s balance sheet stress,” Goldman Sachs said.
It added that to improve its financial position, the telco would need to increase tariffs would immediately.
Takkar said that Vi will increase rates when it \"is the right time...we are not waiting for anyone. Tariff hike is much needed\".
While Airtel and Jio have announced their 5G prowess, Takkar said Vi’s network is also 5G ready but the ecosystem needs enough user case studies, spectrum in the 3500 Mhz band and handsets that can accommodate the next generation services, for it to be truly launched in India.
\"We have always said that our network is 5G ready... Interesting that competitors are showing DSR (dynamic spectrum refarming) in a lab environment when we have been practically running 1000s of sites in a production environment for a very long period of time,\" said Takkar.
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