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‘Telcos cannot break the law beyond few weeks’

Mukesh Ambani said that he expected the problem to be solved in a few weeks

Policy Pulse
Publish Date: Sep 8 2016 5:12PM | Updated Date: Sep 8 2016 5:12PM

‘Telcos cannot break the law beyond few weeks’

Due to insufficient interconnect capacity, Jio users had faced over five crore call failures to other networks in one week alone, but the RIL chairman Mukesh Ambani said that he expected the problem to be solved in a few weeks. "In the long run, you cannot take violation of legal licence obligations lightly," he said.

 

"It's like saying that because you are a dominant person, you violate traffic lights. You can be let off once or twice, maybe. Our view is that interconnect is an issue of a few weeks. You cannot break the law beyond that. It is there in the licence that you are supposed to provide inter connect, irrespective of traffic," Ambani said in the course of an almost two-hour long interview with this newspaper.

 

He described Jio as the "world's largest startup" before adding wryly that no startup has ever "invested Rs 1.5 lakh crore without seeing one dollar of revenue".

 

Asked how soon he expected Jio to start making profits, Ambani replied, "We are not looking for a killer return. But we believe it will give us adequate and robust returns. So, we are looking at a high teens return on our capital and that's pretty good at this size."

 

Over Jio's tie-up with Anil Ambani's Reliance Communications would remain at the infrastructure sharing level, he said, "I am personally happy that we have put the past behind us and our relationship on the family level is very cordial."

 

However, he seemed to rule out any consolidation of the telecom operations of the two Ambani brothers, saying, "As far as businesses go, we are separate and, fundamentally, we will work with all players. We are doing the same with Bharti, Vodafone and Idea."