Supreme Courtroom Rejects Telcos’ Plea on AGR Dues Owed to Authorities
India’s prime court docket on Thursday rejected a request by telecom firms to recalculate the dues they owed the federal government, sending shares of debt-saddled Vodafone Concept and its friends down. Analysts at ICRA estimate that Vodafone Concept and Bharti Airtel owe 1 trillion rupees ($12 billion) in previous dues, together with spectrum prices and … Read more