hometelecom News

COAI serving only the interests of Airtel and Vodafone Idea, says Reliance Jio in new letter to telecom minister

COAI serving only the interests of Airtel and Vodafone Idea, says Reliance Jio in new letter to telecom minister

COAI serving only the interests of Airtel and Vodafone Idea, says Reliance Jio in new letter to telecom minister
Profile image

By CNBC-TV18 Nov 4, 2019 11:11:41 AM IST (Updated)

The firm alleged that by continuing its partisan behaviour and by not taking in to account its views the association is going against the judgment made by the Supreme Court.

Reliance Jio has attacked COAI by claiming that the latter is only serving the interests of its rivals Airtel and Vodafone Idea. The telecom giant made the allegation in a letter sent to the minister of telecommunications Ravi Shankar Prasad.

Recommended Articles

View All

The firm alleged that by continuing its partisan behaviour and by not taking in to account its views the association is going against the judgment made by the Supreme Court on AGR. Further, the letter claimed that the since the judgement has already been made regarding the matter by the apex court, the government does not have the option of going against the court in order to provide the relief that was requested by the association.
“Interest and penalty were being levied strictly as per the contract between the parties and that any reduction, modification or alteration of the interest and penalty provisions contained in the license agreement would amount to impermissibly rewriting the agreement,” argued the letter.
The Friday letter comes days after the telecom giant sent a letter on Thursday to the minister refuting COAI’s stance that the telecom industry would collapse without any support from the government. Further, the company added that its competitors could take care of all its financial obligations to the government by selling existing assets and issuing fresh equity.
The two strongly worded letters to the minister come as part of the rising tensions between Reliance and COAI. Earlier, the association had written to the government detailing troubles faced by the telecom sector and asked the centre to provide a complete waiver of statutory dues that its other members such as Bharti Airtel and Vodafone-Idea owe to the government following the Supreme Court ruling.
Reliance Jio had, in turn, reacted to this development by hitting out at the industry body for not taking its views into account. In a letter to COAI director general Rajan S Mathew, the former alleged that its letter did not represent the view of the industry and that the association was exploiting legitimate payout obligations to create an “alarmist propaganda for the doom of the telecom industry”.
Disclaimer:
 RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
 
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng