Reliance Jio needing funds to expand its 4G network and roll out of home broadband, or FTTH, services, the company will also need to buy 5G spectrum and upgrade its network to support the next generation technology.
First priority would be getting investors for the two infrastructure investment trusts (InvITs), which own the company’s tower and fibre assets.
The three investment banks — Moelis, Citi and ICICI Securities — that have been appointed to reach out to potential investors for the InvITs may also work with Jio for the IPO,
In less than three years of operation, Jio has got 306.72 million users for a 26.4 per cent market share at the end of March. Crucially, in that quarter, Jio reported a 182 basis point sequential jump in revenue market share (RMS) to a 31.7 per cent share, compared with Airtel’s 27.3 per cent and market leader Vodafone Idea’s 32.2 per cent,
First priority would be getting investors for the two infrastructure investment trusts (InvITs), which own the company’s tower and fibre assets.
The three investment banks — Moelis, Citi and ICICI Securities — that have been appointed to reach out to potential investors for the InvITs may also work with Jio for the IPO,
In less than three years of operation, Jio has got 306.72 million users for a 26.4 per cent market share at the end of March. Crucially, in that quarter, Jio reported a 182 basis point sequential jump in revenue market share (RMS) to a 31.7 per cent share, compared with Airtel’s 27.3 per cent and market leader Vodafone Idea’s 32.2 per cent,
