Vodafone Idea shares tumble over 21%, Bharti Airtel slips nearly 5% after DoT issues notice telcos to pay dues

Shares of Vodafone Idea and Bharti Airtel tumbled up to 21.6 percent on Thursday amid reports that the DoT has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court

Press Trust of India November 14, 2019 14:49:41 IST
Vodafone Idea shares tumble over 21%, Bharti Airtel slips nearly 5% after DoT issues notice telcos to pay dues
  • Shares of Vodafone Idea and Bharti Airtel tumbled up to 21.6 percent on Thursday amid reports that the DoT has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court

  • The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court

  • The DoT has given option to telecom operators to clear all the dues on self-assessment basis

New Delhi: Shares of Vodafone Idea and Bharti Airtel tumbled up to 21.6 percent on Thursday amid reports that the DoT has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court.

Vodafone Idea shares tumble over 21 Bharti Airtel slips nearly 5 after DoT issues notice telcos to pay dues

Representative image. Reuters

Vodafone Idea plunged 21.62 percent to Rs 2.90 -- its record low -- on the BSE.

Bharti Airtel also fell 4.88 percent to Rs 350.50.

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.

The DoT has given option to telecom operators to clear all the dues on self-assessment basis.

The Supreme Court in its last month's ruling said, "we give three months' time to deposit the amount, which is due and compliance be reported."

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