Jio Platforms is evaluating the development of a sovereign Low-Earth orbit (LEO) satellite constellation for India, aiming to connect the country from the skies. The company is also building ground station infrastructure and partnering with global providers to accelerate service availability.
Jio Platforms, India's largest telecom operator, is exploring low-orbit satellite communications, aiming to connect India from the skies. The company plans to partner with global providers for a quick rollout while building its own long-term capabilities and ground infrastructure.
Jio Platforms, Reliance Industries' telecom unit, plans a massive IPO, potentially raising $4bn. The listing is seen as a key test for India's stock market appetite after recent volatility and could boost investor sentiment.
Jio Platforms, Reliance Industries' telecom unit, plans a potential $4bn IPO, one of India's largest share sales. The board approved a draft prospectus, with the listing seen as a test of investor appetite after market volatility. The IPO follows Jio's expansion into AI and digital infrastructure.
Jio Platforms, India's largest wireless operator, filed draft papers for an IPO on Friday, aiming to issue up to 270 million shares. The listing aims to showcase India's global tech capabilities amidst market challenges.
Mukesh Ambani's Jio Platforms plans a massive IPO in India, fueled by strong investor demand for tech offerings like SpaceX. However, historical data suggests large IPOs can signal market peaks, raising concerns about liquidity and potential impacts on upcoming Indian listings.
Jio Platforms reported 13% YoY increase in Q4FY26 consolidated net profit to Rs 7,935 crore, with revenue up 13% to Rs 38,259 crore. EBITDA grew 18% to Rs 20,060 crore with margins expanding 230 bps to 52.4%. ARPU rose 3.8% to Rs 214, while subscriber base grew 7.4% to 524.4 million. Chairman Mukesh Ambani said the company is advancing steadily towards listing of Jio Platforms.
Reliance Industries' Q4 FY26 net profit declined 12.5% year-on-year to Rs 16,971 crore, impacted by the Middle East crisis affecting its oil and chemicals business. Despite this, revenue rose 13% to Rs 2.98 lakh crore, with strong contributions from digital services and retail. Jio Platforms reported a 13% profit increase to Rs 7,935 crore.
