Mukesh Ambani

Mukesh Ambani Opposes Govt's Bailout of Telecom Companies

In a letter to Telecom Minister Ravi Shankar Prasad Mukesh Ambani of Reliance Jio argued that even an unlikely event of failure of two operators will not have an adverse impact on the sector dynamics given the “existence of vibrant competition including presence of the PSUs” as well as absence of any restriction on entry of new operators.