How much of Jio's dominance is just dumping? It seems unfair to cross-subsidize an industry like this. It's good for users in the short term, but if competition dwindles, it'll be bad for Indians long-term.
They built a vastly cheaper, more efficient network. That’s not dumping, just healthy competition.
Why is their network cheaper and more efficient?
Jio actually broke the dominance of Airtel in India. Its a perfectly executed strategy IMO and capitalism at work. The company bled money to undercut Airtel and other companies to gain market share and they did it really well. Now they are the market leaders. I wish something like that happened in the US. It often feels like companies collude with pricing here.
The same is happening in India where pricing of major telecom is at par with other.
It's not collusion everytime price settles in a market. Prices are obviously dependent on costs and settle based on them.