Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. has come out largely unscathed, bolstering its position as the top operator in the world’s second-biggest market by users.
MUMBAI: In the latest body blow to India’s wireless carriers, billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. has come out largely unscathed, bolstering its position as the top operator in the world’s second-biggest market by users.
India’s Supreme Court on Thursday ordered phone operators in the country to pay the government a combined 920 billion rupees ($13 billion) in past airwaves and license fees. The ruling came after a two-decades-old legal dispute between authorities and the companies over the payments.
