Synopsis
The deal shows that after years of intense, bitter rivalry, the top two telcos can still put their differences aside for a common purpose. The pacts highlights that Jio and Airtel can work together for a mutually beneficial cause, Credit Suisse said.
Airtel will get Rs 1,040 crore in cash. Besides, its spectrum liability will go down.
Reliance Jio, the leading power in Indian telecom, has bought the right to use 800 MHz spectrum from its arch-rival
Airtel. This is the first such spectrum trade between the two sworn rivals.
Here s the fine print of the deal and how it will boost business for Jio and Airtel.
Jio claims Airtel, Vi using farm protest to port out its customers
Jio said it has received large number of porting requests with customers citing farmers’ protests as the only reasonPremium
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Jio said Airtel and Vi have been inciting its subscribers to migrate to their networks which in turn would be an act to support the farmers’ protest
Jio has urged Trai to take immediate action against the false and misleading ad campaigns run by Airtel and Vi
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Reliance Jio Infocomm Ltd has written a letter to the telecom regulator, alleging that rivals Bharti Airtel Ltd and Vodafone Idea Ltd (Vi) are carrying out unethical and anti-competitive mobile number porting to capitalise on the ongoing farmers’ protest. To counter Jio, Airtel and Vi have called the allegations “baseless , urging the regulator to dismiss them.