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>>> by acquiring the only firm that won a pan-India 4G license. IIRC, that farm was simply a proxy with some back channel deals. Parent Company didn’t want the
by ramshanker 6y ago
>>> by acquiring the only firm that won a pan-India 4G license.
IIRC, that farm was simply a proxy with some back channel deals. Parent Company didn’t want their names in auction, that would have made the auction much more expensive. So they acquired the spectrum trough a front-face farm and later acquired it.
- rudiv 6y agoAFAIK the original purchase was much cheaper because the spectrum was assigned for IPTV, not telephony. The government later 'regularized' it, that being a euphemism for being bribed enough to change the allowed use of the spectrum.
- aravindet 6y agoCorrect, here is a well researched article from 2016. https://thewire.in/tech/the-immaculate-conception-of-reliance-jio https://thewire.in/tech/the-immaculate-conception-of-relianc...