TLDR : that 4G spectrum auction was for Data-only. Reliance bid through a benami company, won all zones across the country, and then got the rules modified to data+voice.
Yes I'm happy they did this. It has benefitted me and hundreds of millions of other Indians. I remember the absolute unusable state of mobile data in the country before Jio. Now I literally don't notice if my wifi goes out, because Jio's network is so good, and they made it cheap enough for everyone to be able to afford it.
When regulation gets in the way of public good, it deserves to be circumvented. More power to Jio and Mukesh Ambani.
Edit: I don't see why telcos going bankrupt implies taxpayer bailout. If that is what will happen, it will be a fault of the government, not Jio.
Telcos going bankrupt --> their debts from banks go unpaid --> govt pays taxpayer money to keep the banks afloat. And this bankruptcy scenario caused due to fraud.
Anyways, you seem to have made up your mind that Jio fraud is good.
Corruption in this case was justified. The rules surrounding the auction were unnecessarily prohibitive and expensive. Telcos were being forced to pay too much, which meant customers got a very expensive, limited service. Jio broke that system, by hook or by crook, and got us what we should have had long ago if markets were allowed to function naturally.
Edit: Before Jio, we had many providers, but all of them were bad for the user! I'd rather have a monopoly that works for the user over that.
https://archive.is/Ggvmi
TLDR : that 4G spectrum auction was for Data-only. Reliance bid through a benami company, won all zones across the country, and then got the rules modified to data+voice.