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Indian Telcos Have To Carry The Government’s Cross: Bharti Airtel And Vodafone India To Pay $1 Billion And $550 Million In Surcharge Respectively
In February this year, honorable Supreme Court of India cancelled all 122 telecom licences after hearing the petition of irregularities in 2G auction held in 2008. Indian Telecom companies have always been against the move of newly proposed auction price for 2G spectrum allocation. But now, the cabinet has approved a plan to levy a $5.7 billion surcharge on airwaves owned...