17 - Sep - 2020

Why Rs.13,000 crore should not be recovered from Reliance Jio? – asks the Supreme Court.

The Supreme Court, which is presently hearing the case of AGR dues, to be paid by private telecom companies, has asked why Rs.13,000 crore could not be recovered from Reliance Jio, towards AGR dues to be paid by Reliance Communications (owned by Anil Ambani). Reliance Jio has acquired 47.50 Mhz spectrum in the 800 Mhz band from Reliance Communications. Further, Jio is also sharing spectrum with Reliance Communications in 15 circles. So, totally Jio is using 58.75 Mhz spectrum from Reliance Communications, in the 800 Mhz band. The total AGR dues to be paid by Reliance Communications is calculated at Rs.25,194.58 crore. On August 14th, the Supreme Court raised the question why Rs.13,000 crore should not be recovered from Reliance Jio, towards the spectrum it has acquired / using from Reliance Communications.