Airtel says Jio free offers will hit lenders, government tax
In a hidden assault on newcomer Reliance Jio, telecom major Bharti Airtel today said free offers by telcos would hit all partners, including banks, and government income. "In the short to medium term, free offers will affect all partners including government exacts and imposes, moneylender with obligation presentation of over Rs 400,000 crore to the business," Bharti Airtel Global Chief Financial Officer Nilanjan Roy said amid organization's procuring call. He claimed that "ruthless valuing" by new administrators has prompted to "exceptional drop in the business income table surprisingly since its origin, endangering the monetary strength of perfect case - the Indian telecom industry". Bharti Airtel, India's biggest portable administrations supplier, has announced its most minimal benefit in four years in the second from last quarter of FY2016-17 as demonetisation and extreme rivalry from Reliance Jio hit incomes. Solidified net benefit in Oc