Reliance Jio Infocomm gained Rs 3,367 crore due to DoT’s new norm: CAG
DoT allowed it to provide voice calling facility un-der the new licensing regime
New Delhi: Reliance Jio Infocomm got undue advantage of Rs 3,367.29 crore after the DoT allowed it to provide voice calling facility under the new licensing regime, CAG said on Friday. Mukesh Ambani led Reliance Industries Ltd in 2010 acquired Infotel Broadband which had won pan-India wireless access spectrum in auctions.
“Reliance Jio Info-comm... paid UL entry fee of Rs15 crore and additional migration fee of Rs1,658 crore in August 2013. This migration, allowed at prices discovered in 2001, resulted in undue advantage of Rs 3,367.29 crore to Reliance Jio Infocomm,” CAG said in a report.
( Source : PTI )
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