Airtel, Vodafone, Idea caused Rs 400 crore loss to govt: Reliance Jio

Airtel, Vodafone, Idea caused Rs 400 crore loss to govt: Reliance Jio
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Airtel, Vodafone, Idea caused Rs 400 crore loss to govt: Reliance Jio

NEW DELHI: Reliance Jio has filed a complaint with the Ministry of Telecommunications claiming that it is up to Bharti Airtel, Vodafone and Idea have not submitted license fees required in March, resulting in a potential loss of Rs 400 million rupees for the government.
The company led by Mukesh Ambani claimed that Airtel, Vodafone India and Idea Cellular, in total violation of license rules “willingly and willingly pay the license fee in advance for the last quarter” from 2016-17 on the basis of The estimated gross adjusted income (AGR), which was much lower than “the condition of the license to pay the license fee at least the fees paid for the third quarter.”
According to the complaint, Airtel paid around Rs 950 crore as license fees from January-March 2017. The amount Jio claims, was Rs 150 crore less than Rs 1 crore 099.5 license fees paid by Airtel October to December 2017.
According to the rules, a telecommunications operator is required to pay license fees for the January-March period on the basis of expected revenues, but should not be less than the fees paid for the third quarter of the same year.
Similarly, Jio said, Vodafone paid Rs 550 crore, which was Rs 200 crore less compared to Rs 746.8 crore paid license fees in the third quarter. The idea has paid Rs 60 million rupees less expenses than Rs 609.4 rupees paid in the previous quarter, according to Reliance Jio.
“He said telecommunications service providers in place Law (TSP) caused potential financial losses of more than Rs 400 crore in government action and in any case resulted in a deficit of this amount in the year Fiscal 2016-17, “Jio claimed.
IBOC denied the allegation indicating that there would be no loss to the government since the AGR will be open to the state in the following quarter. “These accusations are both malicious and ironic, unfounded, if what we hear is the case of the media.” IBOC does not receive this kind of communication, “said the association’s CEO, Rajan S Mathews.
The Association of Cellular Operators of India (IBOC) asked the Department of Telecommunications (DoT) to allow associated companies to pay license fees for the fourth quarter based on the AGR estimates instead of the estimated AGR increase for the period And the actual license fees paid in the third quarter due to alleged financial conditions for telecom operators.
Jio said that the point “did not adhere correctly” at the request of the IBOC, but learned that the ministry is considering the IBOC application, “which is certainly a flagrant violation of the license conditions and any relief would amount to rewarding a crime partly “.