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Saturday, 10 June 2017

Indian regulator says Reliance Jio telecom offers not anti-competitive

India's anti-trust regulator said on Friday offers for free voice and data from Reliance Jio Infocomm, a unit of Reliance Industries, did not amount to anti-competitive actions, rejecting a complaint by rival Bharti Airtel. Bharti had filed its complaint with the Competition Commission of India (CCI) saying Jio, backed by billionaire Mukesh Ambani, had engaged in "predatory pricing" after entering the market with temporary offers of free voice and data, with certain caps. CCI said Jio's offers did not amount to anti-competitive behaviour given the telecom provider was a new entrant and hence did not have a dominant position in India, nor was it preventing others from offering similar services. "Free services cannot by itself raise competition concerns unless the same is offered by a dominant enterprise and shown to be tainted with an anti-competitive objective of excluding competition/competitors,". Free Trials for two days in Financial Market click here to subscribe us >> http://www.ripplesadvisory.com/nifty-future-.php

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