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CAG sees undue advantage given to Jio
Highlights
Reliance Jio Infocomm got undue advantage of Rs 3,367.29 crore after the Department of Telecom allowed it to provide voice calling facility under the new licensing regime, official auditor CAG said on Friday.Mukesh Ambani-led RIL in 2010 acquired Infotel Broadband which had won wireless access spectrum in auctions.
New Delhi: Reliance Jio Infocomm got undue advantage of Rs 3,367.29 crore after the Department of Telecom allowed it to provide voice calling facility under the new licensing regime, official auditor CAG said on Friday.Mukesh Ambani-led RIL in 2010 acquired Infotel Broadband which had won wireless access spectrum in auctions.
The spectrum can be used for 4G services. “Reliance Jio Infocomm Limited (formerly, M/s Infotel)... paid UL entry fee of Rs 15 crore and additional migration fee of Rs 1,658 crore in Aug 2013. This migration, allowed at prices discovered in 2001, resulted in undue advantage of Rs 3,367.29 crore to Jio Infocomm,” CAG said in a report tabled in Parliament.
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