Taking News
Sistema to take $1-bn write-down on India
Sistema will take a write-down of nearly $1 billion related to the suspension of its Indian licences, as the Supreme Court has ordered the cancellation of the Russian firm’s telecom licences in this country.
The write-down was a non-cash item that would be recognised in Sistema’s fourth-quarter results, eroding earnings, Reuters quoted sources close to the Moscow-based conglomerate as saying.
Taking Galleries
|
|
