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Vodafone Idea faces uncertain future after India top court ruling

Supreme Court asks telecom companies to pay $13 billion of levies by Mar. 17

Vodafone Idea may have to pay as much as 442 billion rupees ($6.2 billion) in adjusted gross revenue dues and penalties, the biggest in the industry, while rival Bharti will have to fork out 343 billion rupees.   © Reuters

MUMBAI (NewsRise) -- India's Supreme Court ordered telecom companies to pay all levies and penalties totaling billions of dollars before Mar. 17, a ruling that could lead to the end of the road for debt-laden Vodafone Idea.

On Friday, the apex court refused to give any reprieve to Bharti Airtel, Vodafone Idea, and other telecom companies who had sought an extension to pay the overdue amount to the nation's telecom department. The court said the operators have violated its previous order, despite the dismissal of a review application.

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