“COAI will not apologise because nothing that was said was defamatory. We are studying all the documents and will counter each of their points in court,” said COAI director general Rajan Mathews.
Aircel had given the bank guarantees to DoT when it transferred its broadband and wireless access (BWA) spectrum to Bharti Airtel in April 2016, as part of the pre-condition for spectrum transfer.
Mobile Operators like Airtel, Vodafone and Idea will face a tougher task as subscribers have steadily moved from existing smaller telcos to mainly Jio.
Aircel’s reigns have been given to an insolvency resolution professional (IRP) from Deloitte after it was admitted to bankruptcy in March.
Vodafone and Idea have been steadily raising money in the past few months through equity infusions, stake sales and sale of captive towers among other avenues, in a bid to pare combined debt.
The suit claimed that the association in a press release on September 25, 2016 had made certain objectionable statements against Jio.
RCom exits insolvency after Rs 550 cr Ericsson settlement; Rs 18K cr asset sale to Jio, Brookfield shortly
RCom and Ericsson have settled their eight-month dispute over unpaid dues for Rs 550 crore, bringing a huge relief to the Anil Ambani firm.
A possible truce with Ericsson will help Rcom exit the insolvency proceedings and sell most of its wireless assets to Jio and repay its lenders.
Most mobile tower sites depend on the fuel and tower companies largely pass on maintenance expenses to the telcos, analysts said.
A truce between Ericsson and the telco appeared imminent, with both sides veering towards Rs 600-700 crore as settlement amount that would end their eight-month battle.
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