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Connecting And Digitizing India
India is the world’s second-largest telecommunications market and also the second-largest in terms of internet subscribers, with 2,933.6 million total subscriptions in 2020. The Indian telecommunication services market is expected to reach $47.4 billion by 2025 at a CAGR of 9.5%, driven by higher dependence on long-distance communication including international connectivity, digitalization drives led by various government initiatives, higher adoption and acceptance of technology, greater demand for high-speed internet services due to the pandemic, and increased use of OTT platforms.
Our service offerings to the Telecom sector include Debt Syndication and Business Advisory Services and restructuring services to lenders of stressed assets in the sector.
- For Mahanagar Telephone Nigam Limited, SBICAPS provided debt syndication of INR 6300 crore.
- For Mahanagar Telephone Nigam Limited, SBICAPS acted as advisor for financial appraisal of debt funding of INR 500 crore to State Bank of India.
- For Bharat Sanchar Nigam Limited, SBICAPS provided debt syndication of INR 1,500 crore.
- For Bharat Sanchar Nigam Limited, SBICAPS undertook business advisory services on commercial, finance, banking, and investment decisions, along with assistance in handling regulatory matters.
- For Reliance Communications Ltd, SBICAPS provided CoC advisory for resolution of debt under the IBC.
Some Of The Clients We Have Worked With
Bharat Sanchar Nigam Limited
Mahanagar Telephone Nigam Limited
Reliance Jio Infocomm Limited
Railtel Corporation of India Limited
Select Transactions
Mahanagar Telephone Nigam Limited 2020
Domestic Private Placement Deals
2020
Bharat Sanchar Nigam Limited
Debt Syndication
2019
Expertise across the value chain
SBICAPS was the lead manager for one of India’s largest Telecom providers, having been instrumental in raising INR 25000 crore in one of India’s largest rights issuances. SBICAPS maintains keen sectoral coverage across the entire Telecom value chain.
Some Of The Clients We Have Worked With
Railtel Corporation of India Limited
Mahanagar Telephone Nigam Limited 2020
Vodafone Idea Limited 209
Bharat Sanchar Nigam Limited
Select Transactions
RailTel Corporation of India Limited 2021
IPO
2021
Mahanagar Telephone Nigam Limited 2020
Domestic Private Placement Deals
2020
Vodafone Idea Limited 2019
Rights Issue
2019
Bharat Sanchar Nigam Limited
Debt Syndication
2019
Solution providers of choice
SBICAPS has advised and supported some of India’s leading telecom companies, including Bharat Sanchar Nigam Limited, Mahanagar Telephone Nigam Limited, and Reliance Jio Infocomm Limited. Owing to our market-leading abilities, we were appointed as advisor and arranger to the maiden Government of India Guaranteed Bond issue of Bharat Sanchar Nigam Limited for INR 8500 crore during FY’21.
Some Of The Clients We Have Worked With
Mahangar Telephone Nigam Limited
Reliance Jio
TCFL
Select Transactions
Mahanagar Telephone Nigam Limited 2020
Domestic Private Placement Deals
2020
Reliance Jio
Domestic Private Placement Deal
2018