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Saturday, April 30, 2022

Xiaomi India says all royalty payments legit and truthful in reaction to ED action

"We have studied the order from government authorities carefully. We believe our royalty payments and statements to the bank are all legit and truthful. These royalty payments that Xiaomi India made were for the in-licensed technologies and IPs used in our Indian version products," the company said in the statement.

from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/YaGeg4N

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