Reliance Jio is India’s answer to Amazon, AT&T, and Huawei—all rolled into one
If tech giant CEOs were a high school clique, Mukesh Ambani would be its newest member, and everyone’s invited to a party at his house. India’s richest man, Ambani heads up conglomerate Reliance Industries, whose digital arm, Reliance Jio, is swiftly becoming India’s answer to Amazon, AT&T, and Huawei—all rolled into one.
Founded in 1973 by Dhirubhai Ambani, Reliance Industries (RIL) cut its teeth on the oil business, before crushing its competition in India’s telecom sector. Now the company is eyeing India’s 5G market. Last month, Reliance confirmed plans to build its own 5G technology without help from Chinese companies, a development that would make Reliance Jio India’s first telecom firm with 5G capabilities.
Move over, Huawei
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