NEW DELHI (Reuters) – 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 defense, education and banking sectors in the country and told India’s telecoms minister in a letter dated Feb. 20 that it faces bankruptcy as it can’t pay the 6 billion rupees ($84 million) it owes.
The closure of the company could disrupt connectivity at more than 70,000 banking locations and many critical satellite networks in the Indian navy, army and railways, Hughes’ India President Partho Banerjee said in the letter, which was seen by Reuters.
“We are facing a huge demand … which by no means is…
Source Reuters Tech News
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