Reliance Industries Ltd chairman and managing director Mukesh Ambani on Wednesday said the company’s newly launched telecom venture Reliance Jio stands for affordability and data is the new oil in the industry.
“Jio stands for affordability. Jio is conceived at a time when the world was in the phase of digitising. Data is the new oil,” Ambani said.
He was speaking at an interactive session in Nasscom India Leadership Forum 2017 here.
Reliance Jio has disrupted the Indian telecom industry with its free data offer, which was started in September last year and valid till March. With above statements coming directly from company’s chairman, we can foresee stiff competition among telecom operators in India with lots of offer coming to users.