Telecom services have been disrupted in Punjab after protesting farmers disconnected power supply or cut the fibre of more than 1,450 towers, most of which belong to or are being used by Reliance Jio Infocomm (Jio).
RCom resolution may hit a bump
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Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these companies, said the people cited above.
The latest allegations come a year after a forensic audit unearthed questionable transactions worth ₹5,500 crore in the three Anil Ambani-led Reliance Group entities.
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Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and
Indian Overseas Bank classifying the accounts of the telco and its units Reliance Telecom and Reliance Infratel as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons.
A final decision on the issue is likely to be taken after the spectrum auction in March. The DoT, however, does not want to be seen taking an anti-consumer stance and therefore may avoid the floor pricing altogether, officials said.
Telecom disruption will hurt economy, CM Amarinder Singh says in appeal
At least two farmer bodies, Friday said disconnecting power to mobile towers was never on their agenda and that they had only given calls to boycott Reliance stores and products. Updated: December 26, 2020 2:33:28 am
Amarinder s appeal came in the wake of a request from the Tower and Infrastructure Providers Association (TAIPA), a registered body of telecom infrastructure providers.
Amid reports that farmers were disconnecting power supply to Jio mobile towers in Punjab, Chief Minister Amarinder Singh Friday appealed to them to not inconvenience the general public with such actions.
Pointing out that telecom connectivity had become even more critical for people amid the Covid-19pandemic, Amarinder said the farmers should show the same discipline and sense of responsibility which they had been exercising during their protest at the Delhi border, which completed one month,
She would have gone to sit at Delhi’s borders, says Jasbir, but she will let the protesters gathered there speak for her, “they are sitting there in the cold for all of us, not just for themselves”.
She is held back by her circumstances. Her husband is unable to speak or hear, and after the death of her father-in-law and brother-in-law, she is the provider for her family of six which includes her mother-in-law and three school-going children.
“The farm laws are Modi’s mann ki baat, not ours”, says Jasbir. “Bigger private players will give us good prices for the first one or two years, and then … If Modi is worried about me, he should give more jobs here first.”