IUC report: Reliance Jio alleges Rs 100,000 cr bonanza to incumbents
It alleged non-implementation of the interconnect user charges (IUC) report has given a huge benefit to them LATEST NEWS : In a strong attack on incumbent operators, Reliance Jio has alleged that non-implementation of the interconnect user charges (IUC) report of the Telecom Regulatory Authority of India (TRAI) in 2011 has given a huge benefit of over Rs 100,000 crore to the three major operators in the last five years. In 2011 TRAI had recommended that the IUC charges be cut to half from 20 paisa to Rs 10 paisa and gradually shift to the bill and keep model by 2014 in an affidavit to the Supreme court. Instead of moving to a zero IUC model in 2014 it was only brought down to 14 paisa with the mandate that it will be relooked after three years. Jio says that the three incumbents benefited due to the non-implementation of this recommendation. The surplus recovery that the three incumbent operators have made is based on the net present value (whi...