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Jio to DoT: Don't okay Airtel's Tikona acquisition until it pays Rs 217 cr

Jio said that Airtel was misusing the merger and acquisition guidelines

Kiran Rathee  |  New Delhi 

In a fresh salvo against market leader Bharti Airtel, rival Reliance Jio said the department of telecommunications (DoT) should not approve the Airtel-Tikona deal unless Airtel pays Rs 217 crore as migration fee for using broadband wireless access (BWA) spectrum under the unified licence (UL). In a letter written to the DoT on May 15, Jio said that Airtel, which announced a 1600-crore deal to acquire the 4G business of Tikona Digital Networks, was misusing the merger and acquisition (M&A) guidelines “with an intention to cause loss of revenue to the government ...

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First Published: Wed, May 17 2017. 01:09 IST
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