I'm surprised Ben didn't emphasize aggregation theory here - it might be the biggest example yet!
The American internet is a disintermediated morass or tech product/service providers each building on each other to make the internet work. But each foundational industry that makes it up - chips, infrastructure, consumer products, applications - has relatively few players. By selling bits and pieces of itself, Jio is not only getting people to invest in it's vision, but getting a share of the oligoplies at each layer. Google's staying power can become Jio's, and by extension, the government's.
India's telecom market is crazy competitive, and another ISP will quickly develop if the government lets it. The support of American tech companies will be Jio's real moat in the future.
The American internet is a disintermediated morass or tech product/service providers each building on each other to make the internet work. But each foundational industry that makes it up - chips, infrastructure, consumer products, applications - has relatively few players. By selling bits and pieces of itself, Jio is not only getting people to invest in it's vision, but getting a share of the oligoplies at each layer. Google's staying power can become Jio's, and by extension, the government's.
India's telecom market is crazy competitive, and another ISP will quickly develop if the government lets it. The support of American tech companies will be Jio's real moat in the future.