Airtel creating smokescreen to hide ill-gotten profits: Jio
Reliance Jio, in a letter to TRAI, said Airtel is creating a 'smokescreen to hide its ill-gotten profits' under the existing Interconnection Usage Charge (IUC) regime. Earlier, Jio said India's top three telcos generated up to â¹1.04 lakh crore in revenue in the last five years in excess IUC. In reply, Airtel claimed it incurred a loss of â¹6,800 crore.