India’s three private wireless operators have paid ₹17,855 crore as advance payments for the spectrum bought in an auction earlier this month, exceeding government estimates from the sale for the year.
Mumbai: Reliance Jio Infocomm Ltd (RJIL) on Wednesday announced that it has paid Rs 30,791 crore (including accrued interest) to the Department of Telecom towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Ltd. The
If the plan goes through, then the government will become one of the biggest shareholders in the company which is reeling under a debt burden of about Rs 1.95 lakh crore.