To say Mr Ambani has good relations with the current government is underselling his influence. He has good relationships across the spectrum of Indian political parties (except maybe the communists who are effectively irrelevant).
However you feel about how Jio got its foothold in the telecoms game ([1] has details), it’s sheer scale makes it an attractive investment. It’s one of two major national 4G networks and an astonishing amount of data moves through it. They’ve big ambitions on the 5G front. They’re also building India’s largest last-mile fibre network. Given that Ambani wants Jio to be debt-free by next year, and an upcoming IPO for Jio by 2024, key industry players falling over themselves to grab a pre-IPO piece isn’t surprising.
The concern, of course, is the complete lack of privacy legislation in India, and how this impacts Jio’s ambitions re “monetising” its users and their clickstream activity.
However you feel about how Jio got its foothold in the telecoms game ([1] has details), it’s sheer scale makes it an attractive investment. It’s one of two major national 4G networks and an astonishing amount of data moves through it. They’ve big ambitions on the 5G front. They’re also building India’s largest last-mile fibre network. Given that Ambani wants Jio to be debt-free by next year, and an upcoming IPO for Jio by 2024, key industry players falling over themselves to grab a pre-IPO piece isn’t surprising.
The concern, of course, is the complete lack of privacy legislation in India, and how this impacts Jio’s ambitions re “monetising” its users and their clickstream activity.
[1] https://m.thewire.in/article/tech/reliance-jio-telecom-regul...