Brokerages on Telecom Package

Relief in near term 4 yr moratorium on dues(AGR, spectrum); starts from Oct 1, 2021 Dues to be cleared in 5 equal installments post moratorium lifts Telcos availing moratorium will pay interest CITI on Telecom 4-year moratorium on AGR & spectrum dues is most noteworthy Measures are particularly meaningful for VI Significant cash flow relief to VI adding up to ~Rs240bn/yr Onus now shifts to VI to complete its capital raise and start reinvesting in the network Continue to prefer Bharti Airtel in the sector. JPM on Telecom Structural reforms positive for all Moratorium ensures Vi's survival, tariff hikes still needed for returns Steps to address near-term liquidity needs for sector Believe the moratorium will help Vi overcome upcoming payouts of Rs170bn in Mar-Apr 2022 Reforms delay near-term liquidity challenges for Vi and ensure 3-player market It will not materially change Vi’s ability to invest in capex without a capital raise or a substantial tariff hike BHARTI remains our top OW Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com