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Akash Ambani: Jio IPO marks start of next growth phase, with 99% of Indian homes covered

Akash Ambani said Jio covers 99 per cent of Indian homes, with its IPO expected to open in the second half of this month. He called the IPO the start of Jio's next growth phase and did not commit to tariff hikes.

The numbers

Figures from The Hindu BusinessLine,

Indians brought to data-centric mode: 50-crore

Also in the report

  • IPO public subscription window: second half of this month

Why it matters to operators and investors

A listing will put a public valuation and fuller disclosure on a network reaching 99% of Indian homes, so partnership and distribution talks with Jio are best prepared ahead of the second-half October subscription window.

The source

Source Read the source at The Hindu BusinessLine

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