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The Telecoms.com Podcast: AT&T, India and 5G races
Jamie buys Iain a birthday present of half a bottle of manky, generic Scotch and Scott joins them in welcoming the hair of the dog after big nights out for all. They gather themselves long enough to start with a look at AT&T’s tendency to get carried away with its marketing, then move on to the car crash that is the Indian telecoms market and conclude with a discussion of whether or not it matters who has the most 5G deal wins.
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Jamie mentioned that India’s Jio is already profitable which I found very surprising given it’s business model but he’s right according to their published accounts. At the time I suspected something was dodgy & now a recent article in the FT has confirmed that suspicion – Jio applies a slower-than-usual rate of depreciation in its accounting & if it used industry standard methodology it would still be lossmaking. I assume this is all part of their long con – try to create the impression of a profitable competitive enterprise which in a reality is a massive loss making push to establish through anti-competitive means a dominant or even monopoly player