Saturday, 10 June 2017

Indian regulator says Reliance Jio telecom offers not anti-competitive


Get Daily Intraday Tips for free Call on- 9644405056 or click here to Subscribe us Free >> http://www.ripplesadvisory.com/free-trial.php

India's anti-trust regulator said on Friday offers for free voice and data from Reliance Jio Infocomm, a unit of Reliance Industries, did not amount to anti-competitive actions, rejecting a complaint by rival Bharti Airtel.

Bharti had filed its complaint with the Competition Commission of India (CCI) saying Jio, backed by billionaire Mukesh Ambani, had engaged in "predatory pricing" after entering the market with temporary offers of free voice and data, with certain caps.

CCI said Jio's offers did not amount to anti-competitive behaviour given the telecom provider was a new entrant and hence did not have a dominant position in India, nor was it preventing others from offering similar services.

No comments:

Post a Comment