Here is how Mukesh Ambani lashed out at incumbent telecom players

Months after disrupting the country's more than $50 billion telecom sector with the launch of Reliance Jio, Mukesh Ambani on Monday hit out at incumbents for creating trouble and refusing to play fair.

Speaking on the problem Jio is facing with the incumbents, he said that Jio is being targeted by the rivals. Ambani went on to compare Jio's current situation to a bright student entering a prestigious institute on merit but getting ragged in the hostel.

Ambani said that his company was willing to bear all the trouble, but not at the cost of millions of its subscribers.

"You have to take it in the right spirit. There is a principal and there is an ecosystem so there is a governance system...I've no problem as long as I or Reliance get ragged, you are the big boys and you can take it but the consumer should not suffer and I think that is what Jio is doing," he said while speaking at 'Off the Cuff' show organised by The Print.

Ever since Jio was launched in September, it has been facing massive call drop problem due to inadequate points of inter-connectivity. Earlier in a statement, Reliance Jio had claimed that the quantum of POIs released by Airtel was substantially less than the requirement.

When he was asked to justify the investment of Rs 1.5 trillion on the new entrepreneurial "punt" he had taken, he said, "It is no punt. It is a well thought-out, well-executed, well-engineered ecosystem. It is a Rs 2,50,000 crore investment."

At the time of launch, Ambani had said the company had invested Rs 1.5 trillion into his new venture. However, on Monday he said the group had already pumped in Rs 2.5 trillion with the aim of offering high-speed 4G services with focus on data.

"The world has moved to the power of ideas. Financial resources are the least of problems," he said.

On whether Jio had disrupted the telecom market with low data tariffs, Ambani said, "What I really don't understand is that you progress from generations of technology. It is not new as we had announced it in 2010-11. We didn't do anything on stealth. In all my AGMs we have said we are going to bring the Internet to the masses because I firmly believe that the benefits of technology should go to the end-consumer."

Ambani also praised the Prime Minister and said, "India was fortunate to have Narendra (Modi) Bhai's guidance." He further said that the current rhetoric was swept with negativity and cynicism that "we owe to ourselves" to reverse.

Ambani also spoke about the ban on Pakistani artists in Indian films, he said while he did not understand the politics around it, it was clear to him that "India is for Indians first."