• Tuesday, December 06, 2022

Asia

Consumer gain most important, don’t blame Jio for industry’s loss: Mukesh Ambani to Sunil Mittal

By: Eastern Eye Staff

Billionaire Mukesh Ambani today hit back at Bharti’s Sunil Mittal for blaming his telecom venture Jio for the industry’s losses, saying businesses must stop looking at regulators and governments to guarantee their profits. Calling Mittal a “friend”, he said profits and losses are risks businesses take and it is more important to find out if the country and the consumers gained after Jio. Addressing the HT Leadership Summit, he said that after the entry of Jio, India has become the world’s No.1 mobile broadband market, consuming more data than users in the US and China. “For all of us in…

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