How Mukesh Ambani Will Use Finance to Tighten DNA Loop: Andy Mukherjee
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Consumers' digital footprints could help the Mukesh Ambani's financial services ambition and unlock shareholder value, says Andy Mukherjee.
To record all the words ever spoken by humankind, five exabytes of storage would be enough. Indian tycoon Mukesh Ambani's telecom customers used up nearly six times as much data last quarter. As the billionaire businessman targets his 428 million subscribers with a new 5G service and seeks to lure another 300 million feature-phone users to smartphones, the challenge facing him has changed. When he was starting out six years ago, how to sell data in a developing country was the big issue. What to sell next to someone who's already guzzling data is the question now.
One answer is financial services. People will always need credit. Whethe...
