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a-ve | 5 years ago
The telecom regulator in India bent rules in favor of Jio: https://m.economictimes.com/news/economy/policy/vodafone-gro...
Rs 11,000-Crore ONGC (state owned oil and gas corp) Gas Shifted to Reliance Industries Fields: https://www.ndtv.com/business/rs-11-000-crore-ongc-gas-shift...
They literally took out full-page advertisements with Modi's image on it: https://thewire.in/economy/modi-reliance-jio-advertisement
TriNetra|5 years ago
1. Reliance Jio may not be pleased with govt's spectrum moratorium to telcos: 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...
a-ve|5 years ago
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-...
denzil_correa|5 years ago
https://caravanmagazine.in/reportage/government-helping-reli...
searchableguy|5 years ago
sbmthakur|5 years ago
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-h...
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?
intended|5 years ago
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.
newyankee|5 years ago