Tag: trai

The private sector is facing tremendous recession these days. The impact of the economic slowdown on many multinational companies is clearly visible. Reliance Communications (RCom), one of the country's leading companies, is also not untouched by this. Debt-ridden Reliance Communications (RCom) has a consolidated loss of around Rs 30,142 crore in the July-September quarter. In view of the decision on the statutory arrears by the Supreme Court, the company's losses have reached such a high level due to the provision for liabilities.

In a major setback to Vodafone Idea, Airtel on Thursday, the Supreme Court has ordered them to pay the central government Rs 92 thousand crore. This led to a big drop in shares of telecom companies. The court has said that these companies will have to pay adjusted gross revenue (AGR). There was a long-running dispute between the Department of Telecommunications and the telecom companies regarding this issue.