Reliance could end up with digital monopoly in India
Monday, August 10, 2020
Significance
Through the sale, Reliance mobilised INR1.52trn (USD20.3bn) and became a zero-net-debt company with cash to spare. This marks an inflection point in the conglomerate’s history and could transform India’s digital economy.
Impacts
- There is little public evidence that Reliance can offer complete stand-alone 5G telecommunications.
- Reliance is well-placed to lead the Indian 5G market.
- Commercialisation of Indian customers' user data will continue to outpace rules governing their privacy and safety.
- The new data protection bill is designed to give the government extensive access to raw data on citizens for ‘national security’.
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