India’s Supreme Court on Thursday ordered phone operators in the country to pay the government a combined 920 billion rupees ($13 billion) in past airwaves and license fees. Bharti Airtel Ltd., the No. Bharti Airtel, controlled by tycoon Sunil Mittal, reported its first ever loss in the quarter through June. We await more clarity on amount and terms of payment.”Shares of Vodafone Idea headed for their biggest two-day plunge on record. --Henik Fung, analystIndia’s Supreme Court is deciding when the carriers will need to pay the amounts.

Source: The Star October 25, 2019 05:03 UTC