Shares of Indian wireless carriers plunged on Thursday after the country’s top court rejected the firms’ request to re-calculate about $13 billion of past dues that they owe to the government.
The companies had filed a curative petition to the court contending that the telecom department had wrongly computed the amount. The petition was the final avenue to seek a revision of the top court’s earlier ruling asking the telecom companies to pay their dues.
Mobile service provider