Jio deals show how tech firms & telcos may behave in future: Naveen Kulkarni

Jio may have more deals in the pipeline in future, says CIO, Axis Securities.

This really is telling a tale. A lot of marquee names, a lot of big companies want a pie of Jio even at a tough time like this. Do you think the goal that they have set out with respect to becoming net debt-free by December itself is going to very easily be achieved? What do you think these names suggest for the company?
They are clearly very much on track to achieving their goal of becoming debt free, that is very clear now. Also the kind of investments that we have seen, with players like Silver Lake coming back again to invest and some of the other marquee names might again come back and invest in future creates a lot of room for investments. With the amount of cash they have raised, they seem to be in a very comfortable position at this point. So the chances of them becoming debt free are quite high at this point.