Reliance Jio, too, wrote to Trai on Thursday, to rebut Airtel’s assertions that it was exaggerating and distorting facts to get the IUC abolished.
Legal experts said it’s unprecedented for a company to find itself in such a situation while a strategic debt restructuring package is being worked upon.
The company said its non mobile revenues as a % of total India Wireless has gone up from 29.4% in Q1 of 2017 to 34.5% in Q1 of this year.
Flipkart plans to quadruple smartphone sales clocked by others and main competitor Amazon aims to cross annual growth rate of more than 100% in the category during its month-long sale.
Mukesh Ambani said Jio’s services had led to a ‘gigantic spurt in data consumption’ and lauded the staff for their work on network, infrastructure, technology and customer service.
The Airtel customer can use ClearTax’s GST software and platform free of any subscription fee till March end of 2018.
Trai officials say they are deriving the IUC numbers basis all the cost models, and are yet to decide what is the actual number.
Competition & financial pressure have forced mergers & buyouts. Older telcos have cried foul and sought a review of the rules and relief from the government.
An executive close to Jio said the company has the capacity to deliver about 150 million phones in the next six months at five million a week.
To counter the newcomer and stop their customers from migrating to Jio, Airtel, Vodafone India & Idea cut prices, pushing the industry into an intense price war.
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