Reliance Jio expected to become India's largest IPO, outlines plan
Reliance Jio just dropped some major news at Reliance Industries Ltd.'s 49th Annual General Meeting: it is expected to become India's largest-ever IPO, with a proposed IPO.
Akash Ambani, Chairman of Reliance Jio Infocomm, shared a five-point plan to ramp up 5G coverage, bring faster broadband across the country, help businesses go digital, make AI tools more accessible, and take Indian tech global.
Jio has over 524 million users
Jio now has over 524 million users, with one-half already on 5G, making it the largest single-country 5G network outside China.
The company wants everyone on 5G by 2030 and is even eyeing leadership in setting future 6G standards.
Plus, Jio is getting into satellite internet with plans to build around 1,600-1,650 satellites over the next two to three years (i.e., roughly by 2028-2029) for better connectivity everywhere.
Mukesh Ambani said Jio connected India on the ground, now we must connect from the skies.