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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 acquired over 6.5 million customers through private distribution of SIM cards. Jio
