Mukesh Ambani’s Triple Play: This Is How Reliance Jio Plans To Disrupt India’s Consumer Business With 3 C’s financialexpress.com

Mukesh Ambani is ready with his triple play of carriage, content and commerce. The richest Indian has already signed up 215 million customers in 22 months for his 4G mobile network. By upending the telecom industry’s profitability with free voice calls and cheap data, he’s forced many of his smaller rivals, including his younger brother Anil Ambani, into backing off. That puts another 80 million or so subscribers up for grabs. But it’s Ambani’s entry into fiber-optic broadband, announced at flagship Reliance Industries Ltd.’s annual shareholder meeting on Thursday, that will complete his carriage plans. Anticipating a ruthless assault by JioGigaFiber, investors dumped competitors including Hathway Cable & Datacom Ltd., Siti Networks Ltd.,? Den Networks Ltd. and Sun TV Network Ltd. Stock in Reliance also weakened as shareholders tried to assess the investment needed to back Ambani’s ambition.