Jio’s telco-digital combination was key attraction: Sanjay Nayar, KKR India CEO

KKR decided to bet on Jio Platform because of its unique combination of a profitable, market-leading telco business with a number of high-growth digital B2C and B2B businesses built on top, the US private equity firm’s India CEO Sanjay Nayar and its Asia head of technology Lucian Schönefelder told ET in an interview. Excerpts:

What makes Jio an attractive bet?
Schönefelder: Jio is a unique combination of a profitable, market leading telco business with a number of high-growth digital B2C and B2B businesses built on top. We haven’t seen such a combination anywhere else in the US or Europe, and it was certainly one of the key attractions for us to invest. Over the last couple of years, Jio really built one of the most modern, scalable and cost-efficient telecom infrastructures in the world. Even though