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The success of Jio in great part is down to the government retroactively converting their spectrum licenses to GSM.
by rudiv 6y ago
The success of Jio in great part is down to the government retroactively converting their spectrum licenses to GSM.
- flak48 6y agoYep if anything I hope the Ambani family's escapades with Jio doesn't whitewash their deserved reputation as perhaps the most corrupt company in India. For those not aware, Jio itself came into being via a scam. (That the comment I replied to is alluding to). The TL;DR is Reliance acquired a company that had only managed to win an Internet Service Provider license auction (that too in a dubious manner [1], [2]) Then Reliance 'convinced' the government to let them convert the license [3] to allow them to provide voice services as well, for a paltry fee (the amount they paid was set in 2001 and did not account for inflation over 12 years - which is pretty significant in India). Thus Jio was able to become a full blown 4G cellular provider at a fraction of the cost of competitors like Vodafone, Airtel etc. [1] https://scroll.in/article/802277/why-its-crucial-for-apex-court-to-listen-to-prashant-bhushans-petition-on-reliance-jio https://scroll.in/article/802277/why-its-crucial-for-apex-co... [2] https://economictimes.indiatimes.com/industry/telecom/dot-refutes-cags-charges-of-favouring-reliance-jio-by-allowing-it-to-convert-its-isp-permit-into-a-unified-license/articleshow/37537848.cms?from=mdr https://economictimes.indiatimes.com/industry/telecom/dot-re... [3] https://scroll.in/article/802282/how-many-committees-does-it-take-to-approve-a-reliance-request https://scroll.in/article/802282/how-many-committees-does-it...