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This is why Airtel crashed today, but the rest of the market boosted it up

Airtel Postpones Q2 Results as It Seeks ‘Support’ from Govt Over Rs 42,000cr Statutory Levies
Airtel, Vodafone-Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore following the Supreme Court order last week that sent shock waves through the industry.
News18.com
Updated:October 29, 2019, 1:50 PM IST
https://www.news18.com/news/busines...over-rs-42000cr-statutory-levies-2365817.html
 

bpr

Well-Known Member
This is why Airtel crashed today, but the rest of the market boosted it up

Airtel Postpones Q2 Results as It Seeks ‘Support’ from Govt Over Rs 42,000cr Statutory Levies
Airtel, Vodafone-Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore following the Supreme Court order last week that sent shock waves through the industry.
News18.com
Updated:October 29, 2019, 1:50 PM IST
https://www.news18.com/news/busines...over-rs-42000cr-statutory-levies-2365817.html
now they need support but but while fighting the case against Indian govt in court for more than a decade they did not think otherwise.
It is like head I win tail u loose. If I win the case fine if not then ask for waiver.wha re wha
This was known in advance. They should have planned contigency for this. No support should be given espesially now that fiscal deficit is widening.
 
now they need support but but while fighting the case against Indian govt in court for more than a decade they did not think otherwise.
It is like head I win tail u loose. If I win the case fine if not then ask for waiver.wha re wha
This was known in advance. They should have planned contigency for this. No support should be given espesially now that fiscal deficit is widening.
and Voafone has been stretching that double taxation case, Rs. 11000 crore I think, since eternity :)
 

siddhant4u

Well-Unknown Member
Now here's some more bad news for Vodafone, but probably good for Jio :)

Vodafone may exit India operations as losses mount: IANS report
There is reportedly a buzz in telecom circles that Vodafone is ready to "pack up and leave any day now" as operating losses mount in the joint venture company, Vodafone-Idea.
https://www.thenewsminute.com/artic...ia-operations-losses-mount-ians-report-111435
Its bad for consumers too. There won’t be any competition left anymore. We will be back to 2000 when there use to two operator (BPL and Idea)
 

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