For all the publicity blitz accompanying Mukesh Ambani’s $30bn charge into the digital economy, the details of his long-term strategy remain a closely guarded secret. Mr Ambani’s Reliance Jio venture has upended India’s telecom sector, devastating the profits of incumbent operators and attracting more than 300m users with cut-price mobile data.
Sanchit Vir Gogia, founder of technology advisory firm Greyhound Research, said Reliance’s plan for its consumer business appeared to be a work in constant progress. “Right now they are in invest and integration mode,” he said. “The details of what happens on the ground [in various new business segments] will be dealt with only as and when they get there. But they have a broad architectural vision of where they want the business to go.”
Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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