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It's mainly due to his disregard for any rules that may exist. The telecom regulator in India bent rules in favor of Jio: https://m.economictimes.com/news/econ

• searchableguy 6y ago
  It was on the TV too everywhere. All the damn time.
• TriNetra 6y ago
  You are over-blowing his control: My quick search brings following two things which is opposite to what this thread is claiming. 1. Reliance Jio may not be pleased with govt's spectrum moratorium to telcos: https://www.businesstoday.in/sectors/telecom/why-reliance-jio-wont-happy-with-govts-moratorium-telcos/story/390780.html https://www.businesstoday.in/sectors/telecom/why-reliance-ji... 2. India Trying to Stop Reliance From Selling Assets, Times Says: https://www.bloombergquint.com/business/india-trying-to-stop-reliance-from-selling-assets-times-says https://www.bloombergquint.com/business/india-trying-to-stop...
  • a-ve 6y ago
    Telecoms in India are in a tremendous amount of debt. So much so, Vodafone and Idea had to merge but still they have immense financial problems. They are asking for the moratorium because Jio gave away their services for free, undercutting every player there is and the telecom regulator did nothing about it. WRT your first link, it was posted on November 21, 2019. This year the Supreme Court ordered the telecoms to pay their dues: https://m.economictimes.com/industry/telecom/telecom-news/sc-directs-telecoms-to-deposit-dues-by-march-17/articleshow/74129276.cms https://m.economictimes.com/industry/telecom/telecom-news/sc... As to your second link (Dec 23, 2019), yes, the Govt. did try to stop the 20% sale to Aramco, but "Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai" says otherwise: https://www.bloomberg.com/news/articles/2020-02-18/reliance-aramco-said-to-accelerate-refinery-stake-sale-talks https://www.bloomberg.com/news/articles/2020-02-18/reliance-...
    • TriNetra 6y ago
      Regarding telcos dues, AFAIK those companies have been avoiding the dues for decades and they must be held accountable some day isn't it? I can't comment on whether or not TRI should have intervened when JIO started offering free services - if it was allowed as per the regulation intervening by TRI could have given a message that it was acting for protecting existing players and if it wasn't allowed by regulations, Telcos would have gone to court. Regarding the on-going talks of selling asset, since court has already ordered Reliance to reveal assets, they just can't do away with whatever is the liability set. Indian court system is not a joke. My original point was that Reliance or Mukesh do not rule India; yes they are clever and do lobbying as any other capitalist does but they don't control the nation or gov.
  • denzil_correa 6y ago
    You should really read into how Jio got their license and rules were repeatedly bent to favor them. https://caravanmagazine.in/reportage/government-helping-reliance-jio-monopolise-telecom https://caravanmagazine.in/reportage/government-helping-reli...
• sbmthakur 6y ago
  > The telecom regulator in India bent rules in favor of Jio It's the Vodafone group CEO that's accusing TRAI of favoring Jio. They had a free run charging exorbitant data prices for a good time. No wonder these accusations are coming from Vodafone. > Rs 11,000-Crore ONGC (state owned oil and gas corp) Gas Shifted to Reliance Industries Fields This was fought in courts and eventually an international tribunal favored Jio. https://www.thehindubusinessline.com/news/govt-moves-delhi-hc-to-recover-38-bn-from-reliance-shell-ongc/article24511884.ece https://www.thehindubusinessline.com/news/govt-moves-delhi-h... https://www.businesstoday.in/current/corporate/big-victory-for-reliance-industries-in-ongc-gas-dispute-as-tribunal-rejects-govts-claim/story/280861.html https://www.businesstoday.in/current/corporate/big-victory-f... > They literally took out full-page advertisements with Modi's image on it.. What does this even mean? Even PayTm issued full page ads with Modi's image. Are they running the government too?
  • newyankee 6y ago
    The comments of the guy is classic case of subtle propaganda, passing opinion as truth for the western audience.
  • intended 6y ago
    Honestly, Vodafone should be calling out Jio- they’re going to die because of it. Jio has had some eye opening advantages- Jio abused the stress test period for their network and essentially launched their service for free saying “join Jio, next few months free! (Fine print, this is technically a stress test.) The way the auction for spectrum was conducted was magical- they had a front company With impressive bureaucracy wrangling power. The stench of malfeasance is strong here. That said fundamentally this is an issue that relates to the death of competition in the market. Since the bungled SC auction verdict destroyed a vibrant telecom market, we’ve dropped to a triopoly- and heading fast to a duopoly. What is sad is that the previous governments had done a truly impressive job of threading the economic needle when it came to designing a telecom market with competition. Indian telecom was a boon to its impoverished customer base. Now it’s becoming a cabal.
    • sbmthakur 6y ago