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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53 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

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

Kevin blore
December 1, 2017 10:43 pm 10:43 PM

Well done Mukeshji,

But you are not aware that your network is not reachable at many places in the country and no real solution for that till today..and you are not ready to share network coverage details to public.

If possible take a network coverage challenge solution and show real game.

The only are area Jio to improve is coverage and speed.

Kunal
December 2, 2017 4:52 pm 4:52 PM

Jio is in expansion mode. At present , i m getting jio at many remote places , which are still uncovered by avoid.

At the same time , jio coverage is still absent at many important locations.

Keep airtel/voda as a second sim as jio will take another six months to be at par with avoid.

One thing is for sure , jio will match the best in the market.

Ghost Gopal Varma
December 2, 2017 9:17 am 9:17 AM

Mr.Kevin, Avoid group also not able to give good 3g/4g coverage for so many years.Then why you are blaming only JIO? Still AVOID group 3g coverage so pathetic since they started 3G service 10 years ago.

Kevin Blore
December 2, 2017 12:45 pm 12:45 PM
Mr. Gopal, It does not matter what others are upto or what they have done or not. It is important what can be done different from others, customers are looking for that.. Ambani has big dream in Jio without having basic requirements of coverage and speed in both rural and urban areas. They have done lots of research and innovative things but not seen any solution in providing low cost coverge and speed. He want to make improvements in agricultural area with digital but most of villages are not under Jio coverage. What is he going to do there? Let… Read more »
Anil
December 2, 2017 12:24 pm 12:24 PM
Mr. Ghost, it does not matter what others are upto..or what others are not doing or did.. looking at others and making improvement is not good sign of a well established organization..they have to do something what others are not done.. Ambani has big dream without basic requirements of coverage and speed. They are not planning about what is the simplest way of providing coverage all over country. He want improvements in agriculture area with digital support but most of villages are not covered by JIO network..what he is going to do then ? so I get irritated whenever I… Read more »
Arena
December 2, 2017 5:09 am 5:09 AM

Yes….jio should take this ON…many new sites to be launched. At my place jio sits on Rcom and BSNL towers. Now jio only new sites….

Kirit Patel
December 2, 2017 12:08 pm 12:08 PM

+1
I had seen village where Jio installing new tower, no network in village till date, villagers requested to avoid many times, but they just see revenue, population of this village is just 1500-1700, after requested to JIO, They agreed to install new tower

IND
December 2, 2017 2:55 pm 2:55 PM

But in my case I complain due to poor speed in my area month ago, they say site is highly utilised, but don’t worry we launch new site in next 90 days but still slow speed !

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