Bharti Airtel and Vodafone Idea together owe the telecom department Rs 88,624 crore. Prior to the DoT order restraining coercive action, the companies had told the government that they would wait for the outcome of the Supreme Court hearing. What it means for consumersA lot depends on what the Supreme Court rules. The mutual fund industry has an exposure of around Rs 4,000 crore to Vodafone Idea. Supreme Court stance so farOn October 24, the court agreed with DoT’s definition of AGR, and said the companies must pay all dues along with interest and penalty.

Source: Indian Express January 23, 2020 23:37 UTC