Mukesh Ambani on telecom competition
From Mr. Mukesh Ambani - Reliance Jio Launch Full Speech · · The Honest Indian
“Incumbent operators have significant advantages over new entrants since incumbents have well established networks and existing customers. New entrants require fair access to both. Therefore the onus is rightly on the incumbent operators not to misuse their market power by creating unfair hurdles when it comes to providing point of interconnect between their network and Jio's network.”
On , Mukesh Ambani, Chairman & Managing Director at Reliance Industries, spoke about telecom competition during Mr. Mukesh Ambani - Reliance Jio Launch Full Speech on The Honest Indian.
About Mukesh Ambani
During Reliance Industries' Q4 FY26 earnings conference call on April 29, 2026, Mukesh Ambani described the macroeconomic environment as "totally unprecedented," noting that Dubai crude surged to $168 per barrel and LNG prices rose to about $27 per mmBtu. He cited a supply shock impacting industry and consumer confidence, along with rupee depreciation of 11% for the year and 4% in March, as areas of concern. Ambani also mentioned that insurance premiums for shipping had risen from a few thousand dollars to as high as $65,000 or more due to the warlike situation. Ambani stated that Reliance had secured crude cargoes from diverse sources including Venezuela, Russia, Brazil, and Mexico, leveraging its ability to process over 200 grades of crude. He highlighted the signing of what he called "one of the world's largest green ammonia supply contracts" with Samsung CND, and said the government had formed a joint working group to ensure critical sectors are not starved of feedstocks, with exceptions being made from the LPG control order. For the company's telecom business, Ambani identified priority areas as gaining market share in mobility, home services, and enterprises, as well as scaling up recently launched digital services.