The Supreme Court?s verdict in the 2G spectrum case continues to impact all factions of the telecom industry.
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In a bid to safeguard their interests, several lending institutions, including SBI Capital Markets, have approached the Telecom Regulatory Authority of India (TRAI), say news reports.
The consortium has informed the regulator that they plan to file a review petition in the Supreme Court, if the loans they provided to the new telecom players are not secured.
As per the verdict, the Supreme Court had cancelled 122 licences granted in 2008. The companies affected by this include Etisalat DB, Uninor, Sistema Shyam Teleservices Limited, Videocon, STel and Loop.
Therefore, in this context, SBI Capital Markets has provided the regulator with a six-point agenda, which includes allowing the operators to mortgage spectrum as collateral for the loan.
Further, it has also suggested that it ought to be permitted to take over the assets and infrastructure of the operators facing licence cancellation.
SBI Capital has also informed TRAI that since telecom licences and spectrum are being separated under the expected telecom policy, usage rights should be transferred to the lenders in case of a default or violations by the operator.
