Mukesh Ambani’s company, Jio, continuously makes big decisions. Now, once again, Jio has made a big decision. Mukesh Ambani has struggled in the market due to better plans at lower prices. Now, Jio has signed a big deal with Canadian multinational company Brookfield.
Let us tell you Brookfield is a telecom tower operator that does business worldwide. That means the company has different clients all over the world. Brookfield has become the largest telecom tower company because the company has signed a deal worth Rs 16500 crore with Jio. Now, the deal has been signed, but it will require regulatory approval.
Till now, Indus was the largest telecom tower company in India. The company had around 2 lakh towers, but after the deal with ATC India, Brookfield had 2,53,000 towers in India. American company ATC has decided to leave India after 17 years because the company’s top client, Vodafone-Idea, is struggling a lot. Vodafone-Idea lost its partner due to financial and operational problems.
If reports are believed, the company will make huge profits after Brookfield’s deal with Jio. While earlier, ATC dominated this market, but after Vodafone Idea, the company was forced to leave the Indian market. Brookfield said that we are emphasizing expanding the telecom tower portfolio. This will provide a better network connection to the customers. Digital connectivity will also become better.
After Jio’s decision, there will be a lot of improvement in the company’s network. Some time back, Elon Musk had launched the satellite. With its help, the Starlink network will improve significantly. This will greatly enhance everything from calling to the internet.
