2 ms·
Yep 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 tho
by flak48 6y ago
Yep 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...