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Thursday 24 October 2019

Supreme Court ruling to worsen viability for debt-laden sector: Telecom companies

Can the financially-crippled telecom industry pay the government Rs 93,000 crore that has fallen due as licence fee outstanding after the SC ordered it to do so? If another Rs 46,300 crore gets added to this as pending payments towards spectrum usage charges — its official demand is still not clear — it may be curtains down for one of the top operators.

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