Akash Ambani Says Jio Targets India’s $1.4 Trillion Digital Economy by FY31
Jio said its 533 million customers and 60% data-traffic share will support expansion in mobility, home broadband and enterprise services.
- Reliance Jio Chairman Akash Ambani announced the Jio Platforms IPO, outlining a strategic roadmap to target India's $1.4 trillion digital economy by FY31.
- IPO proceeds will eliminate the company's $3 billion net debt, while technology-led optimizations improved EBITDA margins to 53% over the past three years.
- Jio's proprietary unlicensed-band radio technology expanded its addressable home broadband market to 100 million homes, enabling service delivery within 48 hours of a customer request.
- Ambani plans international expansion by deploying end-to-end technology stacks through local partners, implementing 6G as a software upgrade rather than new infrastructure.
- The announcement follows allegations from Elon Musk that the Centre and RIL Chairman Mukesh Ambani are stalling Starlink's entry to protect Jio's market position.
19 Articles
19 Articles
Jio IPO: Ambani kids eye bigger slice of India’s digital pie - The Tribune
Pointing to growth opportunities in mobile connectivity, home broadband and enterprise technology services, Ambani says, ‘We expect a $1.4-trillion digital economy by FY31; we will take a huge market share of this’
The Economic Times
Times of IndiaReliance Jio IPO: With tech muscle, Akash Ambani makes $1.4 trillion digital economy pitch to investors
Akash Ambani is positioning Jio Platforms to capture a significant share of Indias projected $1.4 trillion digital economy by FY31. Ahead of its Rs 30,213 crore IPO, he highlighted 7,200 patents, 5G leadership and technology partnerships.
Akash Ambani says Jio carries 60% of India's data traffic ahead of IPO, eyes major chunk of $1.4 tn digital economy
Akash Ambani 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.
Jio carries over 60% of India’s wireless data traffic, eyes substantial share of $1.4 trillion digital eco
Reliance Industries' Jio is positioning itself to capture a significant share of India's projected $1.4 trillion digital economy by fiscal 2031, banking on its 533 million customers, expanding 5G network and technology capabilities, as it prepares for a major public listing of Jio Platforms.
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