MoneyWorks4Me

RIL’s telecom arm moves CCI against Vodafone, Airtel & Idea

29 Nov 2016 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJIL) has approached the Competition Commission of India (CCI) against Bharti Airtel, Vodafone India and Idea Cellular, alleging them of forming a cartel to obstruct its entry into the telecom sector. The case, filed by RJIL, is likely to be heard within a fortnight, along with another complaint registered by Jio consumers on call quality.  The company’s complaint makes a reference to the recent order of Telecom Regulatory Authority of India (Trai) which had also made observations on purported anti-competition practices followed by the trio when dealing with Jio.

RIL is an India-based private sector company, with business in energy and materials value chain and in retail and digital services. The company operates in four segments: refining, petrochemicals, oil & gas and organized retail. The refining segment includes production and marketing operations of the petroleum products.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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