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Jio says Voda Idea, Airtel have enough funds to pay dues, opposes bailout

The company rapped the Cellular Operators' Association of India for writing to the government on financial distress in the sector

Jio, Reliance Jio

Jio said its own promoters had made equity investment of Rs 1.75 trillion in the sector

Megha Manchanda New Delhi
Reliance Jio on Thursday said its older competitors, Vodafone Idea and Bharti Airtel, should get no easing of terms on the Supreme Court order to deposit past dues within the stipulated three months.

In a letter to telecom minister Ravi Shankar Prasad on Thursday, it said both have the capacity to do so and even in the unlikely event of failure, there would be no adverse impact on sector dynamics, given the "existence of vibrant competition, including presence of the public sector units", as well as absence of any restriction on entry of new operators.

The company also rapped the

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First Published: Oct 31 2019 | 9:13 PM IST

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