US 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. 

The 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 the telecom ministry in a letter dated February 20 that it faces bankruptcy as it can’t pay the Rs 600 crore ($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.

https://economictimes.indiatimes.com/industry/banking/finance/banking/us-firm-hughes-fears-closure-over-unpaid-fees-banking-services-across-india-could-be-hit/articleshow/74278045.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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