Reliance Jio wins another fight – Airtel and Vodafone Idea may have to cough up ₹30.5 billion in fine
- The Department of Telecom has given its approval for a penalty to be levied on India’s biggest telecom giants – Bharti
Airteland Vodafone Idea.
- The duo lost a battle to
Mukesh Ambani’s Reliance Jio.
- Jio had registered a case against Airtel and Vodafone Idea for having denied interconnection.
The approval on the penalty was given by the Digital Communications Commission, Department of Telecom’s highest decision-making body. However, the panel has asked the Telecom Regulatory Authority of India to review its initial suggested penalty amount of ₹30.5 billion.
As the approval on the penalty came in, shares of both Airtel and Vodafone Idea fell by 2.6% and 3.8% respectively.
According to reports, Vodafone Idea and Airtel had both failed to comply with their agreements for interconnection with Reliance Jio because of which Jio users were unable to make calls to users from other networks.
Jio has been increasing its numbers in India. It currently has over 306.7 million users in India. Meanwhile, its competitors, who have a larger user base, continue to feel the pressure from
The magic number that Vodafone Idea, Airtel and Jio are chasing is 50
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