Mukesh Ambani Responds After Sunil Mittal Blamed His JIO For The Losses Faced By Airtel
The miracles that Reliance JIO has made so far are completely beyond the expectations of common people. With its very advent into Telecommunications sector, offering free Internet and calls, JIO has proved its best. It has almost been a year now, JIO has lifted the bars so high that its rivals could never breach the same at any cost.
Repudiating the very restrictions its rivals tried to impose, JIO fought fair with the TRAI and sustained in the mobile network market, now has an iron fist in the same. Airtel being the pioneer of the Internet in India has suffered severe losses with the entry of JIO. Incurring unbearable losses, Airtel and other networks managed to hold back its customers by reducing the Internet and call charges deliberately.
Back then, the Official sources from the Airtel claimed that they suffered approximately Rs 550 crore loss in the current quarter due to ‘tsunami of calls’ that originated from the network of the new entrant. The Sunil Bharti Mittal-led firm said Jio’s demand to end mobile termination charges (MTC) is a “sinister design” to “continue with its strategy of predatory pricing and ultimately throttle all competition”.
In a bid to deliver the precise statistics, Airtel headquarters from New Delhi has said: “The allegations made by Reliance Jio regarding Airtel earning excess revenue from MTC are not only false but laughable.
Once for all, Mukesh Ambani has finally opened up on the ongoing issue, gave a mouth-shutting reply to Mittal’s Bharti Airtel, said, “For all of us in the industry, I think profits and losses are risks that we take. I don’t think we can rely on, governments and regulators to guarantee our profits or losses.”
“To me, what is most important is did we move the country forward and does the consumer gain,” Ambani said. “The question… you should be thinking about is even if there are profits and losses, who gains and who loses. And as long as the consumer gains and the country move forward, it is worth taking those losses… Some of us are big boys, we can afford that,” he added.
Concluding the ugly allegations made by Airtel and other companies, Ambani said, “At Reliance, we want to be the best in the world,” he asserted. “I am sorry if it appears competitive.”