Reliance Industries Ltd. (RIL) is preparing for the highly anticipated IPO of its telecommunications subsidiary, Jio Platforms Ltd., with plans for a listing by 2025. The valuation of Jio is currently estimated at over $100 billion, with analysts predicting a potential IPO valuation of $112 billion. The IPO will allow existing investors to exit, while RIL's chairman Mukesh Ambani aims to list Jio as a subsidiary structure rather than demerging it. In 2020, Jio secured investments from several strategic partners, including Meta and Google, and recently announced a partnership with Nvidia to develop AI data centers in India.
According to sources, Mukesh Ambani, the chairman and managing director of Reliance Industries, has set a target to list the group's telecom business, Jio, next year with a valuation of over USD 100 billion. The conglomerate also plans to launch the IPO of its retail unit at a later time. Ambani had previously announced a timeline of five years for Reliance Jio and Reliance Retail to go public, but the company has now firmed up plans to launch the Jio IPO in 2025, indicating confidence in its stable business and revenue stream as India's top telecom player.
Indian billionaire Mukesh Ambani plans to launch the IPO for his telecom business Jio in 2025 with a target valuation of over $100 billion. Ambani, who hasn't updated his IPO timelines since 2019, has successfully raised $25 billion from investors for his digital, telecom, and retail ventures in recent years. However, the IPO for his retail unit is not expected until after 2025 as the company needs to address some internal business and operational challenges.
After raising $25 billion from top investors, Mukesh Ambani's Reliance Jio is planning to go public with an estimated IPO valuation of $112 billion, surpassing Hyundai India's earlier record. The telecom giant, which currently boasts a subscriber count of 479 million, plans to list its retail and telecom units separately. While Jio is expected to go public in 2025, the retail arm's IPO is likely to follow at a later date due to operational challenges. The company is also increasing its competitive edge with partnerships and collaborations in the tech sector.
In a bold move, a Delhi-based app developer purchased the domain name "jiohotstar.com" and tried to negotiate a deal with Reliance, hoping to use the profits to fund his studies at Cambridge. However, after being denied by Reliance, the developer shared updates on social media, revealing that the company has threatened legal action. This news adds to the speculation surrounding a possible merger between Jio and Disney's Hotstar platform, which has recently been approved by the Competition Commission of India. In the midst of this, Nita Ambani is rumored to be the chairperson of the newly formed entity, further solidifying Reliance's dominant position in the Indian OTT space.
The recent allocation of satellite spectrum by the Indian government has sparked a bitter rivalry between two tech tycoons, Mukesh Ambani and Elon Musk. The decision to allocate the spectrum administratively rather than through auction has caused controversy, with Ambani's Reliance Jio initially lobbying for an auction. After Musk's SpaceX entered the fray, the rivalry intensified with Musk taking a direct dig at Ambani over Starlink's potential entry into the Indian market.
Indian telecom giant Reliance Jio has launched customized prepaid recharge plans for Indians traveling abroad, categorized by country and offering data, calling, and SMS benefits at affordable rates. This move aims to cater to the growing number of Indian travelers and provide them with seamless connectivity options while abroad.
Lenovo-owned brand Motorola has launched its latest 5G smartphone, the Moto G45 5G, in India. Equipped with a 120Hz adaptive refresh rate, 50-megapixel dual rear cameras, and a 5,000mAh battery, the device offers high-end specifications at a starting price of Rs. 10,999. As an introductory offer, buyers can also avail a discount of Rs. 1,000 and special offers from Reliance Jio. With an IP52-rated build, this new addition to the Moto G-series is set to take the market by storm.
As the Indian cinema and entertainment industry experiences major shifts with mergers and acquisitions, big players like PVR and INOX face significant losses. The recent merger of Paramount and Skydance and the acquisition of Maverick Media by Zee Entertainment have caused a stir in the industry. With companies like Jio and UFO Moviez also making strides with new technologies, the future of cinema and entertainment looks promising.
Bharti Airtel, one of India's leading mobile network operators, announced a significant 10-21% increase in mobile tariffs. This move, effective immediately, is expected to have a major impact on the stock market and investment tracking in the telecom sector. Bharti Airtel's decision comes as competitors such as Vodafone Idea and Reliance Jio have also hiked their tariffs in recent months. This latest development highlights the changing landscape of the Indian telecom industry and the ongoing battle for dominance in the highly competitive market.