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TL;DR (not necessarily from the article, but from various sources): - Jio is basically a monopoly - It prints an absurd amount of money - It's only "tech" be
by mbesto 6y ago
TL;DR (not necessarily from the article, but from various sources):
- Jio is basically a monopoly
- It prints an absurd amount of money
- It's only "tech" because it can essentially control the smartphone market in India (INSANELY HUGE GROWTH)
- Ambani is the most powerful man in India, but also was over-leveraged on his oil business and needs capital for growth. He wants more global control/influence and US tech companies want more control over India. It's a win-win for both.
- $100B in 5 years is probably a lowball figure
In other words, imagine Google, AT&T, and WeChat all controlled by one company in one of the largest potential GDPs in the world.
- ars1141 6y agoTrue, Jio is a Monopoly and getting very powerful in India through its cash power. This is very dangerous for small companies and startups as Jio have a wider reach of people and small companies cannot establish in a market already occupied by Jio. Hence they are easily defeated.