Adjusted Gross Revenue Verdict Disastrous For Telecom Industry: Rajan Mathews

A day after the top court rejected the telecom companies' appeal against the government's definition of adjusted gross revenue and allowed the Department of Telecom to recover dues worth Rs 1.33 lakh crore from telecom companies, Rajan Mathews, director general of Cellular Operators Association of India (COAI) told NDTV that this is a "disastrous verdict" for the telecom industry.

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