Vodafone Idea and Bharti Airtel rise as Supreme Court waives interest on licence fee dues of telecom companies
In a major relief to telecom companies, the Apex Court waived off interest on the licence fee. As per the National Telecom Policy of 1999, telecom companies need to pay a one-time licence fee for entry, apart from another fee that was payable based on these firms yearly turnover.
![Vodafone Idea and Bharti Airtel rise as Supreme Court waives interest on licence fee dues of telecom companies](https://cdn.zeebiz.com/sites/default/files/2024/05/21/294613-airtel-new-logo-reuters.jpg?im=FitAndFill=(1200,900))
Bharti Airtel. Photo: Reuters/Representational