Supreme court rejects telcos’ plea on dues owed to govt; Vodafone Idea, Indus Towers shares slide
Top Stories Tamfitronics HomeCompaniesUpdated - September 19, 2024 at 01:07 PM.| BENGALURUTop Stories Tamfitronics Shares of Vodafone Idea and Indus Towers slumped around 15% each after the news, while Bharti Airtel briefly turned negativeThe companies had argued that the country’s telecommunications department made significant errors in calculating the adjusted gross revenue (AGR) dues, the basis for licence fee calculation owed to the government. (file photo)| Photo Credit: ANUSHREE FADNAVISThe Supreme Court on Thursday rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to recalculate how much they owe the government in licence fees, a court order showed.Shares of Vodafone Idea and Indus Towers slumped around 15% each after the news, while Bharti Airtel briefly turned negative.The companies had argued that the country's telecommunications department made significant errors in calculating the adjusted gross...
