New Street: BREAKING: Indian Telcos - Supreme Court rejects telco’s review petition on AGR dues
The Indian Supreme Court has rejected the telcos’ pleas to reduce dues on the recent AGR fine. Experience in India suggests it is unwise to talk of certainties, but it is very hard to see how Vodafone IDEA survives.
Idea Cellular provides Global System for Mobile Communications (GSM) based mobile services and related telephony services to individuals and businesses in India. The company operates through three segments: Mobility Services, which provides GSM based mobile and related telephony services; International Long Distance (ILD), which provides international long distance services; and Passive Infrastructure, which provides passive infrastructure services. Co. offers 2G and 3G services that comprise roaming arrangements; ILD and other services; and a range of mobile broadband devices, including dongles and 3G smartphones that provide 3G applications and data services.
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