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India: Regulator recommends $456 million fine on telecom firms

By  |  October 23, 2016

India’s telecoms regulator recommended the top three network operators be fined a combined $455 million for denying new entrant Reliance Jio sufficient interconnection points.

Jio is part of Reliance Industries controlled by India’s richest man, Mukesh Ambani. It began offering 4G services in September, triggering a war over network points that connect Jio customers with Bharti Airtel Vodafone Plc’s India subsidiary and Idea Cellular.

Responding to Jio’s complaints over the denial of points of interconnection (POI), the Telecom Regulatory Authority of India recommended a fine of 500 million rupees per telecom zone for each of the three operators.

Full Content: IBC World News

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