Re:Two Years Ago, India Lacked Fast, Cheap Internet – One Bi...
by kamaal on Friday September 07, 2018 @06:24AM
(#17933150)
Airtel has similar plans.
Ultimately this is game of who runs out of capital first. Jio has a debt of >1,25,000 crore as of now. Airtel has plenty of cash reserves which it is burning to sustain through this.
Data is still not cheap. Its being subsidized. For how long, no one knows. Until Airtel or Jio run out of cash, or think they must stop bankrupting themselves in a price war which no one can win.
Another important thing is Mukesh Ambani has plans for e-commerce. So I guess he is playing a big game on that end too.
Consumers are benefitting though.
Bonus statistic: Jio alone is serving more data than all US networks combined.
Ultimately this is game of who runs out of capital first. Jio has a debt of >1,25,000 crore as of now. Airtel has plenty of cash reserves which it is burning to sustain through this.
Data is still not cheap. Its being subsidized. For how long, no one knows. Until Airtel or Jio run out of cash, or think they must stop bankrupting themselves in a price war which no one can win.
Another important thing is Mukesh Ambani has plans for e-commerce. So I guess he is playing a big game on that end too.
Consumers are benefitting though.
Bonus statistic: Jio alone is serving more data than all US networks combined.