Topic: Mukesh Ambani

Share prices of Indian broadband and cable television service providers tanked after Reliance announced plans to launch JioGigaFiber. 

Reliance Industries Ltd. has struck at least 12 deals with an estimated tab of about 289 billion rupees over the last 12 months.

Too many licenses, too little spectrum, high taxes and supply-constrained airwave auctions makes India's telecom market very expensive to operate in. 

Billionaire Sunil Bharti Mittal, who controls India’s largest mobile company, has just signaled a $14.6 billion fight to the finish. 

When it posted results for July through September last year, Jio’s operating earnings were $220 million. Overall, it had a loss of $41 million, and subscriber numbers were growing 12 percent a quarter.  But, Jio packed six months of sales into one quarter while counting only 3 months of expenses. 

The industry is complaining bitterly but consumers are too busy watching movies on their phones to pay much attention.

Reliance Industries chief Mukesh Ambani pledged Rs 10,000 crore investment through Reliance Jio to Uttar Pradesh, as well as help for the Namami Gange programme.

There is no doubt that Mukesh Ambani’s entry into the telecom business has engineered a massive public benefit. But proper customer service can be provided only by a healthy industry.

Off The Cuff with RIL Chairman and Managing Director, Mukesh Ambani was as newsy a conversation could get in India’s commercial capital. From his...

एक तरफ जहाँ मुकेश अंबानी ने 2017 में दूरसंचार उद्योग में हड़कंप मचा दिया, वहीं छोटे भाई अनिल अंबानी उधार चुकाने के लिए एक के बाद एक व्यवसाय को बेचते रहे