How Mukesh Ambani’s Reliance Jio shook up India’s telecom market2 min read . Updated: 17 Oct 2018, 09:32 AM IST
Mukesh Ambani's Reliance Jio has reported two quarters of profit, driven by subscription growth that has continued even after the company began charging for data services
Within two years, India’s richest person turned the local mobile-phone market into the world’s biggest consumer of wireless data. But along the way, billionaire Mukesh Ambani laid waste to profits in the overcrowded industry by driving down prices to as low as zero.
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