Netflix CEO lauds Reliance Jio’s efforts for sharp fall in data prices in India

New Delhi: Reed Hastings, Netflix boss on Thursday lauded Mukesh Ambani-owned Reliance Jio’s efforts which have brought about a dramatic fall of data prices in India resulting in the success of streaming services, reported Fortune India.

“Nowhere in the world have data costs gone from one of the highest to one of the lowest in a span of just four years as they have in India. In fact, without the transformation brought about by Reliance Jio, Netflix’s business wouldn’t have worked in India,” said Hastings.

“We were fortunate that just as we started investing in content, other people were investing in transforming the Internet,” added Hastings.