RIL focussed on growth while telcos are busy fighting other battles: Nikhil Batra

It will continue to come up against strong competitors in many of the spaces where it intends to grow, says Associate Research Director of IDC.

We were just doing the maths and RIL looks all set to reach that debt target?
That is correct. I think through this PIF investment and the series of investments over the last nine weeks, Jio has now raised over Rs 115,000 crore or $15 billion against 24.7% of its platform and it is actually the Jio’s suite of digital services which continues to expand and is attracting majority of these investors. It pretty much looks like it is very much on track.

Strategically, what is the way forward for Reliance? Do you think it is going to be quite a high bar in terms of achieving the vision that they have laid out?
That is correct. Over the years, we have seen the Reliance Group establish its business outside of petrochemicals and expanded its customer portfolio to include hypermarkets, media investments, content investments and the biggest of them all was Jio and this was a conscious shift within Reliance from an asset heavy B2B model to somewhat an asset light B2C business model.