Mukesh Ambani’s Reliance Jio is reportedly planning an initial public offering (IPO). After the listing, it will become the world’s sixth-most valuable telecom company. The company will replace Sunil Bharti’s Airtel, which has a value of $135 billion.
Company is expected to rise significantly once its IPO is listed
According to a report published in Business Standard, Reliance has achieved a major feat in the sector since its launch in 2016, and it is expected to rise significantly once its IPO is listed.
Jio received an optimistic valuation
According to the report, the Akash Ambani-led telecom major has received an optimistic valuation from Goldman Sachs. The base-care and bear-case valuations are set at $136 billion and $98 billion respectively. Meanwhile, Jefferies values the company at $136 billion, which ranks the company as the sixth telecom across the world.
Jio Platforms has many subsidiaries, including Reliance Jio, Jio Satellite, Saavn Media, Jio Haptik Technologies, and Asteria Aerospace.
Jio was the fastest mobile provider during the second half of 2024
Jio was the fastest mobile provider in India during the second half of 2024 across all technologies combined and specifically for 5G, according to a report from Ookla, a network intelligence and connectivity insights platform.
According to Ookla, Jio recorded a median 5G download speed of 258.54 Mbps and an upload speed of 14.54 Mbps.
Jio was also the best mobile network during the second half of 2024
Similarly, Jio was also the best mobile network in India during the period, after leading for both fastest mobile network and best mobile coverage.
As per the Ookla website, the methodology for the fastest network is determined by Speed Score, which combines download and upload performance and is based on modern chipsets to remove the impact on network performance of older devices.
