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You are over-blowing his control: My quick search brings following two things which is opposite to what this thread is claiming. 1. Reliance Jio may not be ple

You are over-blowing his control: My quick search brings following two things which is opposite to what this thread is claiming. 1. Reliance Jio may not be pleased with govt's spectrum moratorium to telcos: https://www.businesstoday.in/sectors/telecom/why-reliance-jio-wont-happy-with-govts-moratorium-telcos/story/390780.html https://www.businesstoday.in/sectors/telecom/why-reliance-ji... 2. India Trying to Stop Reliance From Selling Assets, Times Says: https://www.bloombergquint.com/business/india-trying-to-stop-reliance-from-selling-assets-times-says https://www.bloombergquint.com/business/india-trying-to-stop...

a-ve 6y ago
Telecoms in India are in a tremendous amount of debt. So much so, Vodafone and Idea had to merge but still they have immense financial problems. They are asking for the moratorium because Jio gave away their services for free, undercutting every player there is and the telecom regulator did nothing about it. WRT your first link, it was posted on November 21, 2019. This year the Supreme Court ordered the telecoms to pay their dues: https://m.economictimes.com/industry/telecom/telecom-news/sc-directs-telecoms-to-deposit-dues-by-march-17/articleshow/74129276.cms https://m.economictimes.com/industry/telecom/telecom-news/sc... As to your second link (Dec 23, 2019), yes, the Govt. did try to stop the 20% sale to Aramco, but "Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai" says otherwise: https://www.bloomberg.com/news/articles/2020-02-18/reliance-aramco-said-to-accelerate-refinery-stake-sale-talks https://www.bloomberg.com/news/articles/2020-02-18/reliance-...
- TriNetra 6y ago
  Regarding telcos dues, AFAIK those companies have been avoiding the dues for decades and they must be held accountable some day isn't it? I can't comment on whether or not TRI should have intervened when JIO started offering free services - if it was allowed as per the regulation intervening by TRI could have given a message that it was acting for protecting existing players and if it wasn't allowed by regulations, Telcos would have gone to court. Regarding the on-going talks of selling asset, since court has already ordered Reliance to reveal assets, they just can't do away with whatever is the liability set. Indian court system is not a joke. My original point was that Reliance or Mukesh do not rule India; yes they are clever and do lobbying as any other capitalist does but they don't control the nation or gov.
denzil_correa 6y ago
You should really read into how Jio got their license and rules were repeatedly bent to favor them. https://caravanmagazine.in/reportage/government-helping-reliance-jio-monopolise-telecom https://caravanmagazine.in/reportage/government-helping-reli...

a-ve 6y ago

Telecoms in India are in a tremendous amount of debt. So much so, Vodafone and Idea had to merge but still they have immense financial problems. They are asking for the moratorium because Jio gave away their services for free, undercutting every player there is and the telecom regulator did nothing about it. WRT your first link, it was posted on November 21, 2019. This year the Supreme Court ordered the telecoms to pay their dues: https://m.economictimes.com/industry/telecom/telecom-news/sc-directs-telecoms-to-deposit-dues-by-march-17/articleshow/74129276.cms https://m.economictimes.com/industry/telecom/telecom-news/sc... As to your second link (Dec 23, 2019), yes, the Govt. did try to stop the 20% sale to Aramco, but "Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai" says otherwise: https://www.bloomberg.com/news/articles/2020-02-18/reliance-aramco-said-to-accelerate-refinery-stake-sale-talks https://www.bloomberg.com/news/articles/2020-02-18/reliance-...

TriNetra 6y ago
Regarding telcos dues, AFAIK those companies have been avoiding the dues for decades and they must be held accountable some day isn't it? I can't comment on whether or not TRI should have intervened when JIO started offering free services - if it was allowed as per the regulation intervening by TRI could have given a message that it was acting for protecting existing players and if it wasn't allowed by regulations, Telcos would have gone to court. Regarding the on-going talks of selling asset, since court has already ordered Reliance to reveal assets, they just can't do away with whatever is the liability set. Indian court system is not a joke. My original point was that Reliance or Mukesh do not rule India; yes they are clever and do lobbying as any other capitalist does but they don't control the nation or gov.

denzil_correa 6y ago

You should really read into how Jio got their license and rules were repeatedly bent to favor them. https://caravanmagazine.in/reportage/government-helping-reliance-jio-monopolise-telecom https://caravanmagazine.in/reportage/government-helping-reli...