June 20th, 2017 5:29 PM 13 COMMENTS

DoT May Scrap Jio’s Complaint Against Airtel-Tikona Digital Deal: Report

India's telecom department would not take up Reliance Jio's complaint against Bharti Airtel's acquisition of Tikona Digital's 4G business, according to an Economic Times report. The Mukesh Ambani-led telco had earlier alleged the Sunil Mittal-led telco was exploiting a gap in M&A rules which could cause an over Rs 217 crore loss to the national exchequer. Jio had also written a letter to the National Company Law Tribunal seeking intervention... Read More

May 17th, 2017 12:34 PM 23 COMMENTS

Reliance Jio Now Wants Airtel-Tikona 4G Business Deal Blocked

Reliance Jio Infocomm has urged the country’s telecom department to block Bharti Airtel’s acquisition of Tikona’s 4G business for Rs 1600 crore, taking its fight with the latter to another level. The Mukesh Ambani-led telco has alleged that Airtel is exploiting a gap in M&A rules through this deal, which actually is a spectrum trading deal. In a letter to the DoT dated May 15, the 4G entrant said that... Read More

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