rahul1117kumar
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Reliance Jio Infocomm has asked the telecom department ( DoT ) not to approve
Bharti Airtel ’s buyout of Tikona’s 4G business, alleging that the market leader was exploiting a gap in M&A rules which could cause an over Rs217 crore loss to the national exchequer.
In a letter to the DoT dated May 15, the Mukesh Ambani-owned company also alleged that Airtel’s Rs1600-crore deal with Tikona was actually a spectrum trading deal, but was structured as an M&A one to “circumvent spectrum trading guidelines which only permit trading between access service providers and not from ISP holders”.
Reliance Jio: Reliance Jio urges DoT not to clear Airtel-Tikona deal; says could cost govt Rs 217 cr, Telecom News, ET Telecom
Bharti Airtel ’s buyout of Tikona’s 4G business, alleging that the market leader was exploiting a gap in M&A rules which could cause an over Rs217 crore loss to the national exchequer.
In a letter to the DoT dated May 15, the Mukesh Ambani-owned company also alleged that Airtel’s Rs1600-crore deal with Tikona was actually a spectrum trading deal, but was structured as an M&A one to “circumvent spectrum trading guidelines which only permit trading between access service providers and not from ISP holders”.
Reliance Jio: Reliance Jio urges DoT not to clear Airtel-Tikona deal; says could cost govt Rs 217 cr, Telecom News, ET Telecom
