MUMBAI: Mukesh Ambani's Reliance Jio Infocomm has sought approval from the Competion Commission (CCI) for the proposed spectrum sharing deal with Anil Ambani's Reliance Communications. The CCI website states that the deal is under review.
Jio is waiting for an approval from the CCI for pacts entered into with Reliance Communications (RCom) and its subsidiary Reliance Telecom Ltd (RTL) for using 800 MHz spectrum, PTI reported. Jio, as is known, is the latest entrant in the highly competitive Indian telecom market.
Jio had entered into an agreement with RCom for acquisition of right to use some spectrum in the 800 MHz band. Besides, it had, in January 2016, signed agreements with RTL and RCom providing with the option related to use of the spectrum.
The pacts were "pursuant to the guidelines for trading of access spectrum by access service providers" issued by the Department of Telecommunications on October 12, 2015, as per the notice submitted to the CCI. According to the notice, Jio was testing its network for providing high definition voice, mobile telephone services, video, data and messaging as on the date of entering into the agreements.
