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INDIA'S RELIANCE REACTS TO BHARTI AIRTEL'S COMPETITION STANCE.
NEW DELHI, Dec 3 Asia Pulse - Anil Ambani-led Reliance Communications (BSE:532712) on Saturday reacted sharply to rival Bharti Airtel's (BSE:532454) statement that other Indian telecommunication companies should have equal opportunity to succeed, saying "if Bharti honestly believes in competition, it should welcome entry of RCom and other new players in the GSM" segment.
RCom said it wants Bharti and other dominant GSM players to surrender extra spectrum held by them illegally so that new players waiting for a long time could start services.
"Bharti has illegally captured excess spectrum and thereby restricting entry of new players... Bharti, Vodafone and Idea all are holding excess illegal spectrum free of charge," RCom said in a statement.
Bharti refuted RCom's allegations of ...
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Source: HighBeam Research, INDIA'S RELIANCE REACTS TO BHARTI AIRTEL'S COMPETITION STANCE.