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Earlier quoted context omitted.
They might be wrong caste to matter in any negotiations? also https://www.vice.com/en_us/article/3azjp5/silicon-valley-has...
That very article: "Sundar Pichai, the CEO of Google, and Satya Nadella, the CEO of Microsoft, are both Indian immigrants who come from the higher Brahmin caste"
Does the fact that Google and Microsoft have Indian CEOs, Sundar / Satya respectively, give them an advantage when dealing with the Indian market? Especially when considering the fact this pronounced interest in Jio is largely just as a way to enter into negotiations with the owners of the Indian market/government.
At a superficial level - yes Both grew up in India before migrating to US so understand India very well In reality Sundar Pichai - no Satya Nadella - yes. This guy is a @#$#$ genius. And Indians have a lot of respect for smart people who deliver results So, Indian Goverment is not owned by Reliance However, all things being equal Indian Government would prefer an Indian company like Reliance owns the keys to the king…
> Jio was able to achieve these cheap rates by acquiring the only firm that won a pan-India 4G license, leveraging the superiority and cost-efficiency of 4G compared to older cellular standards, and because of the unparalleled size and resources of its parent company. [emphasis mine]
> A sizable portion of the investments will go toward paying off the existing debts accumulated by Reliance to fund this extravagant project and its other businesses,
Reading between the lines in this article, it sounds like Reliance is simply buying market share by running Jio at a big loss, and temporarily making up the difference with huge investment rounds. I feel like we've seen this show a lot lately and it doesn't always work out.
> Within a span of four years, Reliance pumped in over $33 billion from its other businesses to expand Jio’s market. > Jio was able to achieve these cheap rates by acquiring the only firm that won a pan-India 4G license, leveraging the superiority and cost-efficiency of 4G compared to older cellular standards, and because of the unparalleled size and resources of its parent company. [emphasis mine] > A sizable portio…
https://www.business-standard.com/article/companies/reliance...
> Within a span of four years, Reliance pumped in over $33 billion from its other businesses to expand Jio’s market. > Jio was able to achieve these cheap rates by acquiring the only firm that won a pan-India 4G license, leveraging the superiority and cost-efficiency of 4G compared to older cellular standards, and because of the unparalleled size and resources of its parent company. [emphasis mine] > A sizable portio…
IIRC, that farm was simply a proxy with some back channel deals. Parent Company didn’t want their names in auction, that would have made the auction much more expensive. So they acquired the spectrum trough a front-face farm and later acquired it.
Because the largest market for growth these entities have outside of China, is India. The middle classes want the goodies, and these players want the income. Jio has the market.
And more importantly choke-hold over the government bureaucracy. They can essentially bulldoze government over any rules and regulations, and bribe around freely. This is how Reliance got big.
Does the fact that Google and Microsoft have Indian CEOs, Sundar / Satya respectively, give them an advantage when dealing with the Indian market? Especially when considering the fact this pronounced interest in Jio is largely just as a way to enter into negotiations with the owners of the Indian market/government.
Based on my limited experience (2.5 years based in Singapore (2010-2012) as tech evangelist for Amazon Web Services for APAC, ~25 business trips to India, dealing mostly with businesses but sometimes with government), understanding the culture helps, but I don't think at that level it's going to make a huge difference, compared to what's actually on the table.
Since it’s inception they have been able to get unfair advantage by having or buying insiders from the government also they hire ex-bureaucrats for their network and no the moves in the government before it becomes public.
On top of it Indian government was holding back retail market access from international competition till they get to ramp up (which they have done for donkey years).
So if you need access to Indian market, you have cost up with Reliance and that’s why you see big players lining up.
If you manage to find it watch On YouTube their annual conference of a sort (similar to US Tech Companies), you will see all of this on display.
Essentially they are the Indian Government.
> Within a span of four years, Reliance pumped in over $33 billion from its other businesses to expand Jio’s market. > Jio was able to achieve these cheap rates by acquiring the only firm that won a pan-India 4G license, leveraging the superiority and cost-efficiency of 4G compared to older cellular standards, and because of the unparalleled size and resources of its parent company. [emphasis mine] > A sizable portio…
https://economictimes.indiatimes.com/industry/telecom/teleco...