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by cvrjk
2308 days ago
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I am all for cheaper and accessible internet, but I have a few concerns. On pricing, the incumbents really needed a jolt with their terrible pricing. But I think Jio went a little too far. It achieved all that it has by excessive and extended predatory pricing, primarily because it had access to unprecedented amounts of cash (from Ambani/Reliance) that the other providers do not. Vodafone-Idea and Airtel (the other major providers) have both suffered massive losses, the former has defaulted on their loans, and the stock has fallen to all time lows, and the firm itself is looking to exit the market - which is even worse as this could lead to a duopoly. As for the access, I am not sure if India is ready to deal with unchecked free flow of information, considering how much of our population is prey to false propaganda and fake news. Whatsapp has already causes enough harm with the mindless sharing of unchecked/unverified news. With recent reports [1] of the ruling political party (BJP) resorting to distribution of deep fakes using dedicated IT cells to push a false narrative, the situation doesn't look comforting. [1] - https://www.technologyreview.com/f/615247/an-indian-politici... |
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And Jio is the bad guy for going up against the incumbents with a risky, but smart strategy of investing in the latest technology.
The reality is that there was no other way to match the incumbents except by growing the customer base quickly - as all other competitors have found. As a consumer i am very happy Jio did what it did, and I bet that no matter what happens, I will never pay as much for data as i was paying before Jio came.