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Vodafone Idea – The Potential Hit to Mutual Funds Due To The Supreme Court Ruling

Voda-Idea-Mess.jpg

What's with the Vodafone-Idea combine? Things look horrible.

The recent ruling of supreme court regarding the definition of "Adjusted Gross Revenue" (AGR) has set the ball rolling in telecom industry. The idea is:

Telcos need to pay a fee that's a percentage of this AGR AGR consists of all the telco related revenue But the government has claimed it contains all revenue, including capital gains and other income and that The Supreme Court recently ruled that the government is right Telcos have had dues held for 15 . . .

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