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Jio trimming costs
Prepaid deferred liabilities for spectrum 2014-16 and 2021; It’ll result in interest savings of Rs1,200 cr annually
image for illustrative purpose
New Delhi: Reliance Jio Infocomm Ltd prepaid entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited aggregating to Rs30,791 crore (including accrued interest) in FY2021-22.
