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Reliance Jio's claims on IUC made to malign other operators: Airtel

It said Jio's present value of surplus recovery will be only Rs 7,443 crore, not Rs 46,958 crore

Kiran Rathee  |  New Delhi 

Reliance Jio
Reliance Jio

has alleged that made misleading claims about incumbents benefitting by almost Rs 1 lakh crore due to non-implementation of the report of 2011.

According to Airtel’s letter  to Telecom Regulatory Authority of India (Trai) Chairman R S Sharma, the facts presented by Jio were grossly incorrect and they seem to have been misrepresented with “the specific purpose of maligning other operators and misleading and the public at large”.

In the letter, Airtel said gross (IUC) receipts were considered instead of net IUC receipts and even the were on much higher side than what was actually received by Airtel. “Airtel has only received net IUC of Rs 7,795 crore in the last 5 years. Even at present value, the net IUC received stands at Rs 9,417 crore. Even if one were to assume the claims made by Jio to be correct, the present value of surplus recovery will be only Rs 7,443 crore and not Rs 46,958 crore as claimed by Jio,” it said.

The country’s top mobile operator said there has been significant loss to Airtel, as the termination charges have been well below the cost of 30-35 paisa per minute. “The loss to Airtel on account of below-cost IUC has been to the tune of Rs 6,800 crore in the last 5 years on present-value basis,” it said.

First Published: Thu, September 07 2017. 02:11 IST