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Setback for Vodafone Idea and Bharti Airtel as Supreme Court dismisses AGR review petitions

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The Supreme Court has rejected Vodafone Idea, Bharti Airteland Tata Teleservices plea to review its October 24 verdict widening the definition of adjusted gross revenue (AGR) to leave the three telcos collectively facing over a whopping Rs 1.02 lakh-crore in additional licence fees, spectrum usage charge (SUC), penalties and interest.

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