Vodafone-idea in critical state, india biz value down to zero: vodafone ceo nick read
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The Supreme Court decision being referred to is the one in Union of India vs. Association of Unified Telecom Service Providers of India, which was regarding the interpretation of adjusted
gross revenue (AGR), a concept used in the calculation of certain regulatory fees. Putting an end to the 14-year-old legal battle, the SC said that telecom operators have to shell out a
whopping Rs 92,000 crore in total in past dues at a time when they are already grappling with tough competition, debt pressure and shrinking revenues.