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Telcos meet IMG, accuse Jio of predatory pricing

Incumbent telecom operators on Friday refuted Reliance Jio's claims on investments and debt

Kiran Rathee & Press Trust of India  |  New Delhi 

Refuting claims by Reliance Jio, incumbent telecom operators on Friday stressed before an inter-ministerial panel that they were making massive investments in infrastructure. Bharti Airtel, Vodafone, Idea Cellular and Telenor shared data with the panel regarding investments and debt raised. The panel was formed to resolve financial stress in the sector, which has debts of around Rs 4.5 lakh crore.  The companies said Jio had adopted a predatory pricing approach to win market share.  They said Jio started testing in December 2015 and by September 2016 it had ...


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First Published: Sat, June 17 2017. 01:00 IST