Telecom War will be Once Again, But India's Advantage

Investors from all over the world are eyeing the Indian digital economy. This is the reason that telecom companies are constantly getting new investors. Jio has so far received 88 thousand crore investors, while Airtel can invest 15000 crore in Amazon.



Highlights

• The whole world is watching the Indian Digital Economy
• Big Companies are Investing in Telecom Companies
• Reliance Jio has got 88 Thousand crore Investors so far
• Amazon can invest 15 Thousand crores in Airtel

Indian telecom companies are eyeing the entire world amid Coronavirus Crisis. Reliance Jio is currently leading in this race, but Bharti Airtel has decided to give a tough competition. Investors liked this and are also showing interest in Airtel. Investors should invest in any company, it will be good for India. If investment comes, the economy will accelerate and employment opportunities will be created. The Indian economy is in dire need of both these things.

Mubadla Invested 9093 crore in Jio

On Thursday, there was news that Amazon may invest in Airtel with a huge investment of $ 2 billion, ie 15000 crores. Today Jio got the sixth investor. This time Abu Dhabi's Mubadala Investment Company has invested Rs 9,093.60 crore in Jio Platforms for 1.85% equity.

Great Performance of Airtel Stock

According to the report published in Bloomberg, if you look at the stock of Indian Airtel, then its performance this year has been excellent. Its stock has gained about 26 per cent in the last one year and reached an all-time high on 19 May. In such a situation, looking at the future growth of the company, the line of investors can also be seen here in the coming days.

AGR Outstanding Big Challenge

AGR dues are still a big challenge for Airtel. According to the court order, she was owed 35 thousand crores, out of which she has deposited 10 thousand crores. The good thing with Reliance Jio is that it does not have to pay any such dues.

Airtel was Once Number One

Airtel was once the number one telecom company in the country. But after the entry of Reliance Jio in 2016, the company's condition started deteriorating. Jio started offering 4G network and free calling facility to the customers. This had a bad impact on other telecom companies. Recently, Bharti Mittal had clearly said about AGR dues that if the government does not get help, then they should stop the operation.

Focus on Digital Economy

Mukesh Ambani has shifted the focus of Reliance Industries business to digital economy with the help of Jio Platforms. With Facebook and Jio Mart, they are moving fast in e-commerce. Airtel is also moving in this direction and Amazon's potential investment is a step in this direction.