Hughes India arm fears closure over dues; banks may be at risk: Letter

Topics banks in india


U.S.

satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed. India's Supreme Court late last year ordered a number of telecom companies, including Hughes and larger firms like Vodafone, to pay billions of dollars owed to the government. Hughes' India unit provides services to defence, education and banking sectors in the country and told India's.....

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