Reliance Jio clears all dues amounting to Rs 10,700 crore for 2016 spectrum auction

At a time when the government has offered a four-year moratorium for spectrum payments, Reliance Jio has prepaid the entire amount relating to the 2016 auction to the government.

According to sources in the department of telecommunications (DoT), Reliance Jio cleared the dues, amounting to about Rs 10,700 crore, earlier this month. So far, the company was paying annual instalments.