With a clever mix of cutting-edge technology, competitive pricing and attractive content, Reliance Jio seems all set to strike gold
Mukesh Ambani's stake in oil is extensive. It contributes the bulk of his business empire's earnings, and he recently completed another round of capital expenditure, commissioning a few big-ticket refinery projects this year. But it is not oil that India's richest man is betting his future on—he is convinced that data is the new oil.
In 2016, Ambani, the chairman of Reliance Industries Ltd, launched a telecom venture, Jio, which disrupted the market, bringing down call and data charges and triggering a wave of consolidation. It turned profitable in two years, seizing a 22 per cent market share. More importantly, Jio changed the way Indians used mobile phones. In 2016, the average mobile data consumption in India was about 1GB a month. Now the average data consumption of a Jio user is 11GB a month. “We are by far the world's largest mobile data network and the largest VOLTE [voice over LTE] network, and we continue to be so with the lowest call drop rate,” said Anshuman Thakur, head of strategy at Reliance Jio.
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Denne historien er fra November 11, 2018-utgaven av THE WEEK.
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Themes Of Choice
As Savvy Investors Seek New Avenues, Thematic Mutual Funds Are Gaining Popularity
A golden girl
One of India's most formidable beauties passed away earlier this month. The odd thing is she would absolutely hate this obituary; she hated being written about and avoided publicity for all of her nine decades. Indira Aswani was 93 when she died. But anyone who encountered her, even briefly, was in such awe of her grace and poise, and one could not but remember her forever.
The interest in wine is growing delightfully in India
The renowned British wine writer and television presenter Jancis Robinson, 74, recently came to Delhi and Mumbai to reacquaint herself with India's wine industry. This was the Robinson's fourth visit to India; the last one was seven years ago. On this trip, Robinson and her husband, restaurateur Nicholas Lander, were hosted by the Taj Hotels and Sonal Holland, India's only Master of Wine.
United in the states
Indian-Americans coming together under the Democratic umbrella could get Harris over the line in key battlegrounds
COVER DRIVE
Usage-driven motor insurance policies offer several benefits
GDP as the only measure of progress is illogical
Dasho Karma Ura, one of the world's leading happiness experts, has guided Bhutan's unique gross national happiness (GNH) project. He uses empirical data to show that money cannot buy happiness in all circumstances, rather it is family and health that have the strongest positive effect on happiness. Excerpts from an interview:
India is not a controlling big brother
Prime Minister Tshering Tobgay considers India a benevolent elder sibling as the \"big brotherly attitude\" is happily missing from bilateral ties. He thinks the relationship shared by the two countries has become a model of friendship not just for the region, but for the entire world. \"India's attitude is definitely not of a big brother who is controlling and does not allow the little brother to blossom and grow,\" says Tobgay in an exclusive interview with THE WEEK.
Comrade with no foes
Lal Salaam, Comrade Yechury-you were quite a guy!
Pinning down saffron
In her first political bout, Vinesh Phogat rides on the anti-BJP sentiment across Haryana
MAKE IN MANIPUR
Home-made rockets and weapons from across the border are escalating the conflict
