About five years ago Ambani had told that Reliance Jio And Reliance Retail will be listed in the next few years. Ambani, Asia’s richest man, has raised about $25 billion (about Rs 2,10,272 crore) for his telecom, digital and retail businesses in the last few years. Abu Dhabi Investment Authority, KKR and General Atlantic have invested in these units of Reliance. Two sources having information about the company’s plans said that Reliance Jio’s IPO can be launched next year. However, these sources said that no decision has been taken regarding the valuation of this telecom unit.
Reliance Jio has about 47.9 crore subscribers. Investment banking firm Jefferies had estimated the valuation of this company at approximately $ 112 billion (approximately Rs 9,42,021 crore) in July. RIL has prepared to move forward rapidly in 5G connectivity, Artificial Intelligence (AI). Recently the company had announced the new Jio TV OS and many services related to AI. Reliance Jio has secured more than 350 patents in 5G and 6G technologies. More than 85 percent of the 5G radio cells operating in the country are from Jio. The company has upgraded more than 13 crore of its customers to True 5G network. The number of customers of JioAirFiber, the company’s 5G based broadband service launched last year, has reached almost 10 lakh.
The company is adding new technologies to all its businesses. This will improve the company’s products and reduce its dependence on third-parties. Ambani had said, “We have created AI-related digital infrastructure for all the businesses of Reliance. Along with this, our own software stack, end-to-end workflow and real-time dashboard have been created.” Reliance claims that by increasing the use of technology, it can join the top 30 international companies in the near future.
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