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India’s telecom giants post $10bn loss amid fight against upstart Jio

India’s telecom giants Bharti Airtel and Vodafone Idea have reported a combined $10 billion in quarterly net losses after making provisions to cover to a recent Supreme Court ruling ordering two companies to pay huge fees and penalties within three months. Singapore Telecommunications-backed Bharti Airtel’s loss burgeoned to 230.4 billion rupees ($3.2 billion) for the …