Reliance could end up with digital monopoly in India
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’.