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Vodafone Idea, Airtel post record loss of over $10 billion

Telecom giants Vodafone Idea Ltd and Bharti Airtel Ltd have posted record losses in the September quarter, ravaged by the Supreme Court verdict that upheld the government’s broader definition of revenue on which it calculates levies on telecom operators. [Telecom operators pay levies such as license fees and spectrum usage charge (SUC) as a share […]