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RJI Under Fire; CAG Says Cancel 4G Licenses

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In what could be a major hurdle to the launch of 4G services, the Comptroller and Auditor General of India (CAG) has asked the Department of Telecom to cancel the nationwide broadband spectrum allocated to Infotel Broadband Services, or Reliance Jio.

In a draft report, CAG said: “the DoT failed to recognize the tell-tale sign of rigging of the auction right from beginning of the auction” where a small ISP Infotel Broadband Services Pvt (IBSPL) was able to buy spectrum by paying 5,000 times of its net worth.

RIL had acquired IBSPL after purchase of spectrum and later rechristened it as Reliance Jio.

“There is no final CAG report that we are aware of. That said we outrightly reject any suggestion whereby spectrum was acquired in any manner other than through a transparent bidding process duly supervised by the
Government of India,” RIL said. Original post at Voice and Data

Wahengbam Rorrkychand

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