As Long as Consumers Gain and Country Moves Forward, the Big Boys Should Accept the Losses: Mukesh Ambani

There’s no fact denying that Reliance Jio changed the entire Indian mobile broadband sector. With its free LTE services for seven months, Reliance Jio turned the tables of Indian telecom industry. Due to Jio’s aggressive strategy, India has become the leading country in the mobile broadband usage country.

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Speaking at the Hindustan Times Leadership Summit 2017 in New Delhi, RIL Chairman Mukesh Ambani said that the three biggest challenges before India are agriculture, education and healthcare, which will see a digital revolution in the next five years. And Reliance Industries wants to be the front-runner for bringing this change.

“Thanks to Jio, Indians already consume more broadband data than China and the US.” He also added that India has the potential to grow three-fold in the next decade. “Can we triple it (GDP) to $7 trillion in the next ten years and become the third largest economy in the world? Yes, we can! And within this century, India can become more prosperous than both China and the US,” said Ambani.

“Just one year back, India was ranked 150th in the world for mobile broadband. Now it is number one, after the launch of Jio,” Ambani said at the HT Leadership Summit. “Today, Indians consume more mobile broadband data than users in USA and China. If data is destiny, new India is well and truly ready for its new tryst with destiny.”

“Thirteen years ago, when I spoke here, India was a $500 billion economy. And I said in 2004, that India would be a $5 trillion economy in twenty years. Today that prediction seems certain. Indeed, it will be achieved well before 2024,” said Ambani.

He also said everything changes with time. “The world is moving from linear to exponential. Such a process starts slowly but brings about big change rapidly… we are moving from scarcity to abundance. In the digital age, the price performance of everything changes,” he said.

Ambani also suggested his competitors as losses and profits are risks in a business. “Profits and losses are risks that businesses take. We can’t rely on governments or regulators to ensure profit… As long as the consumers gain and country moves forward, the big boys should accept losses as part of the game,” he concluded.

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51 Comments on "As Long as Consumers Gain and Country Moves Forward, the Big Boys Should Accept the Losses: Mukesh Ambani"

 

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Arena
December 2, 2017 7:59 am 7:59 AM

Lol….:)

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Atheist
December 3, 2017 12:11 am 12:11 AM

Hahahahaha epic

Stephen
December 2, 2017 7:36 am 7:36 AM

So what? They can do whatever they want if they paid for it. No matter 250rs GB or 459 for 3 Months. They paid, it’s their to use. It’s not a quota.

Kirti Khurana
December 1, 2017 11:08 pm 11:08 PM

Whatever, I only know One thing that JIO can’t handle more than 50 million data customers on their network.

Telecom
December 2, 2017 9:59 am 9:59 AM

You got a very good conclusion but how you got that only 50 million and what for Airtel, idea and vidafone……

Ghost Gopal Varma
December 2, 2017 9:09 am 9:09 AM

Your Airtel has capacity to handle 50million 4g customers? They are struggling to give volte and 4g coverage. They are in business for more than 20 years.

Arena
December 2, 2017 5:07 am 5:07 AM

This is funny….telecos have unlimited backend capacity….point is spectrum, users, congestion, plans matters. areas like Delhi are congested bcz of users on it…this can be fixed by reducing benefits or increasing spectrum capacity or installing new tower.. network can be made to handle unlimited number of users…That badass ambani has money to kill anything. At some places I too get it best…at some worse… If they had to put a new tower then revenue model in that area must be feasible. Just only for sudhakar or me or you they don’t put new one..

Kiran Fernandes | Mumbai
December 2, 2017 6:06 pm 6:06 PM

In heavily congested areas, we nerd massive MIMO. Jio has been planning to bring massive MIMO for a while but I still haven’t seen any instances of them using it anywhere. Maybe they’re using it in Hyderabad.

Arena
December 2, 2017 8:23 pm 8:23 PM

Lol massive mimo? MiMO is just to fool. If there is more optical capacity then they could make 4×4 east- west-north- south. And another at some level to this. So 8 optical inputs to each directional transmitters. Mimo don’t double or increase bandwidth in any frequency….it’s just to offload. How poor Airtel with less optical backend did and jio didn’t??

Imagine how could you split an area within the tower into separate parts?? Only that split gets MiMO if backend is feasible with optical link.

Stop that mimo ass saving comments

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