Shortfall of Rs 400 cr on breach of licence terms, says Reliance Jio

There will be no loss to the government, says COAI

Reliance Jio said the government suffered a revenue shortfall of over Rs 400 crore in FY17 because incumbent telcos violated licence conditions.

Jio in a letter to Department of Telecommunications (DoT) said incumbent telcos paid advanced licence fee for Q4 on the basis of estimated adjusted gross revenue (AGR) for the quarter, which is much lower.

But Cellular Operators Association of India (COAI) said there will be no loss to the government as “AGR will be trued up to actual in the subsequent quarter”.

COAI on March 1 had written a letter requesting DoT to allow member telcos to pay licence fee based