2020 · Rest of World
How Mukesh Ambani won India's mobile data price war
Jio evaded the 90-day promotional ceiling set by regulators by rebranding the Welcome Offer as the 'Happy New Year Offer' in December 2016, extending cutthroat free pricing into 2017. Combined with the appearance of Prime Minister Modi's face in a Jio ad in major English dailies, the moves drew accusations that the company was using regulatory-elasticity and political proximity to accelerate toward monopoly.