Akash Ambani says Jio carries 60% of India's data traffic ahead of IPO, eyes major chunk of $1.4 tn digital economy
Reliance Jio Infocomm Chairman Akash Ambani on Thursday said the telecom operator carries more than 60% of India's data traffic, while its data prices per GB are among the lowest in the world.
Speaking at a press conference ahead of Jio Platforms' initial public offering (IPO), Ambani said the company aimed to help establish India as a leading digital society.
He also said India's digital economy is expected to reach $1.4 trillion by FY31, adding that Jio Platforms expects to capture a significant share of the market.
Quick answers to key questions
•5 QUESTIONS
1
What share of India's data traffic does Jio carry?⌵Reliance Jio Chairman Akash Ambani said Jio carries more than 60% of India's data traffic. He also said Jio's data prices per GB are among the lowest in the world.
2
How large is India's digital economy expected to become by FY31?⌵Akash Ambani said India's digital economy is expected to reach $1.4 trillion by FY31. Jio Platforms expects to capture a significant share of that market.
3
How does Jio plan to grow beyond telecom?⌵Jio's next phase includes artificial intelligence, enterprise services and digital applications. The company is developing enterprise tools and partnerships to deepen customer engagement.
4
Why is Jio Platforms' IPO significant for investors?⌵The listing gives investors a clearer way to value Jio separately from Reliance Industries' oil business. A key question is whether Jio can turn its subscriber base into higher earnings through AI and digital services.
5
What are the key risks to consider in the Jio Platforms IPO?⌵The prospectus identifies risks including customer retention and average revenue per user, network or technology disruptions, and dependence on Reliance Jio Infocomm. It also warns that AI and machine-learning technologies may not deliver expected results.
The company released its red herring prospectus (RHP) on Wednesday.
More details awaited
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