'SINGAPORE (Nov 18): Singapore Telecommunications saw a slight drop in revenues for 2QFY2020, but recorded a loss of $668 million, as it made provision for a huge fine levied on the entire India mobile industry by its regulator.
Bharti Airtel, Singtel’s associate in India, was slapped with a fine of US$3 billion ($5.5 billion). This is slightly less than Vodafone’s Indian unit, which was fined US$4 billion. The fine was for the telcos' long-running dispute with India's Department of Telecommunications over the definition of “adjusted gross revenue”.'