Such is the extent of Reliance Jio's savings from the IUC cut that they have even driven profit growth at parent Reliance Industries in Q3
Telecom Regulatory Authority of India’s (Trai’s) 57% cut in interconnection usage charges (IUC) was always expected to benefit Reliance Jio Infocomm Ltd, which ran a huge bill on this account. So it isn’t entirely surprising that about 90% of the increase in Reliance Jio’s operating profit is on account of savings accruing from the IUC cut.
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