Bigger, prettier and now profitable – Jio is poised to dominate India

It’s bad news for those who thought the Jio bubble might pop and everything would return to normal in India; Jio’s latest quarterlies show it is a money making machine.
It came, it saw, it conquered. And all before the market incumbents could do anything about it. Perhaps the apparent inability of Jio’s rivals in doing anything to slow the growing tsunami was because of the belief this day would never come. Jio was fast burning through cash in acquiring customers and this could