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Mukesh Ambani, at HT Leadership Summit 2017. Photo Pradeep Gaur/Mint

Mukesh Ambani’s bet on India’s rising middle class is paying off

By P R Sanjai, Bloomberg
UPDATED ON APR 19, 2019 02:47 PM IST
Mukesh Ambani launched the telecommunications business in 2016, spending $36 billion to roll out a 4G wireless network across India and luring millions of subscribers with free or cut-price data services.
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Mukesh Ambani leads Reliance Jio Infocomm Ltd. that has gone from zero to more than 200 million subscribers, all of them on a nationwide 4G network, since 2016.(Reuters file photo)
Mukesh Ambani leads Reliance Jio Infocomm Ltd. that has gone from zero to more than 200 million subscribers, all of them on a nationwide 4G network, since 2016.(Reuters file photo)

How India’s richest man shook up its phone industry, in charts

By Bhuma Shrivastava | Bloomberg
UPDATED ON OCT 17, 2018 12:40 PM IST
Mukesh Ambani leads Reliance Jio Infocomm Ltd. has gone from zero to more than 200 million subscribers, all of them on a nationwide 4G network, since 2016.
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A woman rides her scooter past advertisements of Reliance Industries' Jio telecoms unit, in Ahmedabad, India.(REUTERS File Photo)
A woman rides her scooter past advertisements of Reliance Industries' Jio telecoms unit, in Ahmedabad, India.(REUTERS File Photo)

End to Ambani’s telecom price war may be 185 million new Jio users away

By Bhuma Shrivastava | Bloomberg
UPDATED ON JUL 24, 2018 01:45 PM IST
Reliance Jio, which stormed the sector with free calls and data forcing rivals to merge or exit as revenues declined, has amassed 215 million subscribers since its 2016 launch. Analysts say it will continue with its cut-throat pricing till it reaches 400 million users.
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Talking over the mobile phone and its usages. For stock, pic by Hemant Mishra/mint
Talking over the mobile phone and its usages. For stock, pic by Hemant Mishra/mint

How to lose $23 billion in Indian mobile phone market that’s surged 61,436%

By Bhuma Shrivastava and Livia Yap | Bloomberg
PUBLISHED ON MAY 23, 2018 06:33 PM IST
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To withstand Ambani’s triple play of carriage, content and commerce, Sunil Mittal (pictured here) will need to offer customers more than free Netflix.(Pradeep Gaur/Mint)
To withstand Ambani’s triple play of carriage, content and commerce, Sunil Mittal (pictured here) will need to offer customers more than free Netflix.(Pradeep Gaur/Mint)

Sunil Mittal’s Bharti Infratel tower deal tells Ambani he’s no walkover

By Andy Mukherjee | Bloomberg
UPDATED ON APR 26, 2018 04:48 PM IST
Sunil Bharti Mittal is making his intention clear: He wants to monetize his real estate to invest in the battle against Reliance Jio Infocomm Ltd.
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Mittal-controlled Bharti Airtel Ltd., which sold its first-ever rupee bond of Rs 30 billion last month, has approval to raise Rs 165 billion, according to a March 12 filing.(Anindito Mukherjee/Bloomberg)
Mittal-controlled Bharti Airtel Ltd., which sold its first-ever rupee bond of Rs 30 billion last month, has approval to raise Rs 165 billion, according to a March 12 filing.(Anindito Mukherjee/Bloomberg)

Mukesh Ambani and Sunil Mittal building $6 billion war chest in India’s telecom tussle

By Bhuma Shrivastava and Divya Patil, Bloomberg | Bloomberg
UPDATED ON APR 04, 2018 12:40 PM IST
The fundraising amount -- about 78% of the total outstanding bonds of India’s top four telecom firms -- signal that Airtel and its rival Jio are looking at about Rs 320 billion of debt due in the next five years.
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From its record in November, shares of the country’s largest wireless carrier have tumbled 27% and is now the worst stock on India’s benchmark index(Reuters File Photo)
From its record in November, shares of the country’s largest wireless carrier have tumbled 27% and is now the worst stock on India’s benchmark index(Reuters File Photo)

Bharti Airtel is India’s worst performing stock, but still has analysts’ confidence

By HT Correspondent | Nupur Acharya, Bloomberg
UPDATED ON APR 03, 2018 01:23 PM IST
Bharti Airtel has faced pressure from Reliance Jio Infocomm Ltd., which disrupted India’s wireless industry in 2016 by launching free services, but for Goldman and many others, the stock remains a buy.
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