Just days after Mukesh Ambani announced that Reliance Jio will roll out 4G broadband services from next year, the Comptroller and Auditor General (CAG) has dropped a bombshell by recommending cancellation of broadband spectrum allocated to Infotel Broadband Services for alleged violation of auction rules.
Infotel Broadband Services, which has since been renamed Reliance Jio Infocomm, is a subsidiary of Reliance Industries. Reliance Jio Infocomm is the only company in the country to have 20 MHz of pan-India airwaves to provide 4G services.
In a draft report sent to the Department of Telecom for comments, the CAG said that “neither the top management of the DoT nor the important committees could detect these telltale signs of collusion and sharing of confidential information by the biggest bidder, a tiny ISP”.
The inter-ministerial committee (IMC), the report said, did not satisfy itself as to how the IBSPL, a company with a net worth of Rs 2.5 crore ( Rs 25 million), would be able to pay the bid amount of Rs 12,847.77 crore ( Rs 128.48 billion) within ten days.
CAG suggests cancellation of Reliance Jio’s broadband spectrum | TelevisionPost.com
Infotel Broadband Services, which has since been renamed Reliance Jio Infocomm, is a subsidiary of Reliance Industries. Reliance Jio Infocomm is the only company in the country to have 20 MHz of pan-India airwaves to provide 4G services.
In a draft report sent to the Department of Telecom for comments, the CAG said that “neither the top management of the DoT nor the important committees could detect these telltale signs of collusion and sharing of confidential information by the biggest bidder, a tiny ISP”.
The inter-ministerial committee (IMC), the report said, did not satisfy itself as to how the IBSPL, a company with a net worth of Rs 2.5 crore ( Rs 25 million), would be able to pay the bid amount of Rs 12,847.77 crore ( Rs 128.48 billion) within ten days.
CAG suggests cancellation of Reliance Jio’s broadband spectrum | TelevisionPost.com
