There are many positives in the latest investment in Jio Platforms by Silver Lake, says R Chandrasekaran, former Secretary, Department of Telecommunications, in an interview with CNBC-TV18.

"This is a further endorsement of the Indian market story and in particular the digital market in the near future. It is also a strong endorsement of Reliance Jio and its own ambitious plans in the digital space," Chandrasekaran said.

"It is also an indication that apart from becoming net-debt free by March of 2021, preparations are on for the advent of 5G and the kind of investments and cash that will be needed for not just for spectrum but on investing in technology, on building out infrastructure, on creating apps and so on. That is a good sign as far as the digital market expansion is concerned,” he said.

Chandrasekeran said the deal did not directly impact start ups, but does indicate a shift away from some of the smaller start ups towards the larger firms and platforms.

First Published:May 4, 2020 2:57 PM IST