Get All Access for $5/mo

Will the Indian Telecom sector Witness its Biggest Marriage yet? Arch rivals Sunil Mittal and Mukesh Ambani got together at the India Mobile Congress in the capital

By Sanchita Dash

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Entrepreneur India

The who's who of India's business circuit was found rubbing shoulders at the first edition of India Mobile Congress. But what turned heads at the event was arch rivals Mukesh Ambani and Sunil Bharti Mittal, sharing the stage and calling each other "friends'.

Unless one has been living under a rock, one would know that they have been business opponents for ages and this rivalry touched its peak with the introduction of Reliance's Jio. It not just affected the stocks of Airtel but also forced it to cut down its rates heavily to continue attracting consumers.

However, at the India Mobile Congress in Delhi, the cold war vibe was slowly giving way to a convincing understanding of sorts. Mittal spoke about how they want to build things for the future with Ambani with a marked confidence and to a baffled audience.

Be it a joint venture or not, the collaboration of the duo could very well mean one of the biggest teleco marriages in the recent history of India.

Arch Rivals Come Together for a Digital Economy

Both Mittal and Ambani spoke about how they are working towards creating a digital economy for India. Talking about how the big names of the tech industry are paying attention to India, Mittal even spoke about how Airtel is ready to pump in INR 20,000 crore as investments to make way for the digital drive. Agreeing with him on this point was Ambani, who said while India might have missed the earlier industrial revolutions, as we are at the brink of the fourth industrial revolution, India is ready to take the lead.

While Mittal spoke about the future lying in autonomous cars, AI-based doctors and bots, Ambani emphasized on how data is the new oil, only this time, we don't need to import it.

Monopoly Can Play Foul

While everyone has been going gaga about Reliance's Jio, monopoly created by the same could only lead to disaster. Instead of consumer-led rates it would lead to the dominance of a company with rates dictated by them. The launch of Jio had led to rumours about Reliance trying to create a monopoly in the market.

However, things seem to have taken a different turn now. Mittal spoke about how they would like to collaborate with Reliance to build a futuristic product. At the same time, he mentioned, "India will be a market of 3+1 operators, the telecom sector offers a lot of growth potential," referring to Airtel acquiring Telenor, the Idea-Vodafone merger and Reliance along with the state led BSNL.

Ambani too didn't shy away from saying how the way forward was with everyone "chipping in".

Are Start-ups on the Profitable Side?

While he took the stage to talk about Reliance's ambitious plans for a digital economy, it was evident that Ambani wasn't ignoring the start-up revolution. Calling India a nation of million start-ups, Ambani stressed upon the importance of Artificial Intelligence. He went on to add that mobile internet and cloud computing are the foundations of the fourth industrial revolution. This will evidently give a boost to start-ups operating in these areas, as bigger corporations like Reliance would turn to start-ups to reach out to the deepest corners of the country.

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform). 

Stories, movies and PJs are my thing. 

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing. 

 

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.