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More relief for struggling Indian telecom firms

The Indian telecom department’s latest note on adjusted gross revenue computation is expected to provide relief to legacy telecom players like Bharti Airtel and Vodafone Idea, who owe the government 260 billion rupees (US$3.4 billion) and 503 billion rupees respectively. The department has removed several non-telecom income sources such as property rents, dividends and interest […]