With RCom deal terminated, Jio is ready to buy spectrum from open market

Anshuman Thakur, head of strategy and planning at Jio, said during the fourth quarter results press conference that it was open to buying more spectrum if required

Reliance Jio is open to buying spectrum from the open market to maintain uninterrupted services, it is learnt. The telco has a subscriber base of 300 million. It is adding subscribers at an average rate of 10 million a month.  

Last quarter, Jio terminated its agreement with Reliance Communications (RCom) to acquire spectrum from it as the Department of Telecommunications (DoT) refused to approve the deal. Also, Jio did not agree to bear RCom’s historical dues. The two firms had entered into an agreement in December 2017. At present, Jio shares RCom's 850 MHz spectrum in 21 circles, including Mumbai. 

While the