Jio in letter war with COAI over telecom stress

Reliance Jio slammed its peers, Bharti Airtel and Vodafone Idea, and questioned the telecom sector stress in a strongly worded letter to the Cellular Operators Association of India (COAI).

This started on October 24, when the Supreme court dismissed a plea moved by the telecom operators, challenging the definition of adjusted gross revenue (AGR).

The verdict allows the government to recover Rs 92,000 crore of AGR from the already financially stressed telecom industry that includes many operators who’ve already gone out of business or are under insolvency proceedings.