India Supreme Court Rejects Telcos' Plea for More Time to Settle $13 Billion Bill, Bloomberg Reports

Date : 02/14/2020 @ 6:47AM
Source : Dow Jones News
Stock : Vodafone Group PLC (VOD)
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India Supreme Court Rejects Telcos' Plea for More Time to Settle $13 Billion Bill, Bloomberg Reports

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--India's Supreme Court on Friday rejected a request by telecom companies including Vodafone Idea and Bharti Airtel for more time to settle $13 billion in back-fees, Bloomberg reports.

--The court's three-judge panel began contempt proceedings against the companies related to a dispute over licensing fees, saying operators must pay their dues by March 17, the report said.

 

Full story: https://bloom.bg/2OSNrae

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

February 14, 2020 01:32 ET (06:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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