0
Mobile & Wireless

India central bank relaxes foreign borrowing for telecoms

Tuesday 27 November 2012 | 15:41 CET | News
The Reserve Bank of India (RBI) has relaxed its borrowing rules to allow operators to raise long-term funds from overseas to refinance domestic loans taken out to pay for 2G spectrum, reports PTI. The RBI said it relaxed the external commercial borrowing (ECB) rules due to "large outlay of funds required to be paid directly" to the government within a limited period of time. The central bank further said that the bidders in the 2G auction will be allowed to avail of ECB under the automatic route from their ultimate parent company without any maximum ECB liability-equity ratio. This applies only if the lender holds a minimum paid-up equity of 25 percent in the borrower company, either directly or indirectly. Furthermore, the bidders can avail of short-term foreign currency loans as bridge finance under the automatic route for making upfront payments for the spectrum and replace the same with a long-term ECB under the automatic route.

Categories: Mobile & Wireless
Countries: India
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






One in ten KPN (fixed) customers have quad play
Netherlands  |  2014 Q2

Calendar   /   Industry Events

03 Nov TelecityGroup Q2 FY2014/15
03 Nov Earthlink Q3 2014
03 Nov Ruckus Wireless Q3 2014
03 Nov DSP Group Q3 2014
03 Nov Sprint Q3 2014
03 Nov Redline Communications Q3 2014
03 Nov Crexendo Q3 2014
03 Nov AIS Q3 2014
03 Nov RAN World
03 Nov MVNO Networking Congress
04 Nov Frontier Communications Q3 2014
04 Nov Com Hem Q3 2014
04 Nov Softbank fiscal Q2
04 Nov DISH Network Q3 2014
04 Nov Motorola Solutions Q3 2014
04 Nov IP Packet Optical Convergence
04 Nov CEM World Congress
04 Nov TV Connect MENA
05 Nov Qualcomm fiscal Q4
05 Nov Sky Deutschland fiscal Q1
05 Nov CenturyLink Q3 2014
05 Nov Sierra Wireless Q3 2014
05 Nov Vonage Q3 2014
05 Nov Symantec fiscal Q2
05 Nov Interxion Q3 2014
05 Nov Cognizant Q3 2014
05 Nov AVG Technologies Q3 2014
05 Nov Level 3 Q3 2014
05 Nov Fairpoint Communications Q3 2014
05 Nov Ixia Q3 2014
::: More Calendar Items