Business Standard

AGR payments: Reliance Jio slams peers, questions telecom sector stress

Says incumbents have enough resources, monetisation opportunities pay up

Reliance Jio
Premium

Jio has said the SC judgment will have no impact on the government’s digitisation programs

Surajeet Das Gupta New Delhi
Reliance Jio on Wednesday attacked incumbent operators, saying it disagreed with “the threatening and blackmailing tone” of the Cellular Operators Association of India (COAI) letter.

In a letter on Tuesday night, the COAI had written to Communications Minister Ravi Shankar Prasad, claiming that the Supreme Court (SC) judgment on the adjusted gross revenue (AGR) will lead to a monopoly in the sector and the government’s digitisation programme will suffer.

The Supreme Court (SC) had on October 24 agreed with the Department of Telecom’s (DoT’s) definition of the AGR, asking the telcos to pay dues and interest amounting to Rs 1.33

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2019 | 7:29 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com