Jio is an Indian internet service provider (ISP).
Jio was launched in July 2017 as a new way to offer low-cost internet to people in rural India.
Jio claims to offer the best internet speed in the country, but some experts say the service is more expensive than it’s worth.
A study from McKinsey found that Jio charges for the same service as its competitors.
Jaiya, the online marketplace that provides services like Jio web and Jio app, charges users for internet connections, as well as bandwidth.
In a new report by McKinsey, the company revealed that the cost of Jio internet was about 50 percent higher than its competitors and about 25 percent higher in the case of JaiYA.
A few years ago, Jaiyo had raised $5 billion from a number of investors including Google, Amazon and Tiger Global.
The company has faced a series of controversies in the past year.
For instance, a number the company says it sold to an Indian company was purchased by a Chinese company.
The two companies also allegedly made a deal that allowed them to bypass India’s stringent rules to sell the Indian company’s stock, which was sold at a steep discount.
In September, the U.S. government fined Jaiyas parent company, Reliance Jio, and its founder, Mukesh Ambani, for violating India’s anti-money laundering and anti-corruption laws.
RelianceJio has been under fire for its alleged connection to the $100 million purchase of shares from Indian media group NDTV.
According to a report from The Wall Street Journal, ReliSJio said the NDTV deal was for “substantial consideration” but the U-turn was “not a complete surprise.”
The report also alleged that Reliance bought a $2.6 million stake in the Indian newspaper NDTV and gave it to the company that controls Jio.
Jaina Rani, a senior vice president at the company, said in a statement that ReliJio’s business is “not impacted by the news.”
Reliance said in response to The Wall St. Journal report that “the story is false and the matter is under investigation.”
It also said that it does not intend to make any further comment.
The U.K.-based consultancy firm Mercer Consulting said in its 2018 World Economic Forum report that JIO is the “worst” of the Indian internet giants.
It noted that Reliant Jio “is an extreme example of a market where pricing can drive up the price of internet service.”
Mercer said that the Indian market is also “unbalanced,” with high-end providers dominating it and low- and middle-income customers facing a significant drop in internet speeds.
The report found that the top five Indian ISPs charge about $80 a month for a basic connection.