Jio says telcos have sufficient capacity to pay dues after SC verdict


Team Udayavani, Oct 31, 2019, 2:40 PM IST

New Delhi: Strongly opposing a bailout of telecom companies at taxpayers’ expense, Reliance Jio on Thursday wrote to Telecom Minister Ravi Shankar Prasad saying firms that have been ordered by the Supreme Court to pay past statutory dues have “sufficient” financial capacity to clear their liabilities.

It also slammed the Cellular Operators Association of India (COAI) for writing ex-parte to the government on the financial distress in the sector, saying the body was “blackmailing” to “extract relief from the government” after all legal recourse had expired.

“We submit that the so-called affected service providers have sufficient financial capacity to pay the government dues by monetising their existing assets/investments and by issuing fresh equity in their companies,” it wrote to Prasad.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Awards don’t create value for independent films in India: Manoj Bajpayee

Public Alert: Cyber fraudsters impersonating traffic police to demand fines

UP: 25 people booked for attacking civic officials for encroachment removal

SC transfers cheating case against choreographer Remo D’Souza to Delhi court

Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing

‘Nation First’ key to India’s progress, says President Murmu

Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch

Related Articles More

Air India to offer integrated aircraft maintenance engineering programme

Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

Baku climate talks: The ‘X’ factor that could determine future of Global South

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Gautam Adani charged in US with USD 250 mn bribery, fraud

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Sambhal Jama Masjid row: Friday prayers held peacefully amid tight security

Honouring ex-NASA scientist’s last wish, family donates ancestral house to Meerat varsity

Decide on disqualification petitions against BRS MLAs in reasonable time: HC

Air India to offer integrated aircraft maintenance engineering programme

Awards don’t create value for independent films in India: Manoj Bajpayee

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.