Can Indian telcos make most of growing Metaverse theme?

economictimes.indiatimes.com:

metaverse theme, with investors taking up huge bets in this space. According to a report by Credit Suisse, the transition of the digital ecosystem to metaverse will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Jio are suitably placed to benefit from the surge. It added that metaverse has enormous potential to further expand screen time and drive more bandwidth consumption. Both the telecom players Jio and Airtel are extensively engaged in 5G trials, with the technology expected to be rolled out in the next fiscal.

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Telecommunication companies will provide the infrastructure in terms of high-speed low latency 5G networks and act as gateways to the metaverse, said Sharat Chandra, VP- Research & Strategy, EarthID. Recently, Jio made two big investments in deep tech startups and is betting big on Web3.0 and metaverse, he said, adding that Airtel cannot afford to sit on the fence and lose out on a trillion-dollar metaverse opportunity. It will join the metaverse bandwagon soon, Chandra said. Mark Zuckerberg-backed Facebook, renamed and rebranded itself as 'Meta', which became the tectonic shift towards the theme. Following that, a number of institutions have joined the queue, with JP Morgan being the latest entrant. Pratik Gauri, CEO & Founder 5ire said, «The Metaverse should bring profound changes to the entire technology, media and telecom industry and we are totally focused on both the Metaverse and the Web3.0 technologies.» «We think that the immersive and near-actual experience of the