![Jio could list at $112 billion valuation: Jefferies](https://images.assettype.com/fortuneindia%2F2023-11%2F3bfa7a63-40e1-4a13-8fe3-716b454728bf%2FNB_03817_copy.jpg?rect=0,0,3000,1500&w=300&q=95)
Jio could list at $112 billion valuation: Jefferies
The decision to spin off or IPO Jio hinges on balancing the upside potential of full value unlocking in the spin off with the lower controlling stake, says Jefferies.
The decision to spin off or IPO Jio hinges on balancing the upside potential of full value unlocking in the spin off with the lower controlling stake, says Jefferies.
Hashtags such as 'BoycottJio' and 'BSNL ki Ghar Wapsi' (Homecoming of BSNL) have been trending on social media platform X.
Jio's ₹239 monthly plan, which offers 1.5 GB of data per day, will now cost ₹299—an increase of 25%.
Jio's 5G user base, now at a staggering 108 million, ranks second globally, with these users contributing over a quarter of its wireless data traffic.
Of the ₹79,020 crore net profit in FY24, ₹21,423 crore came from Jio and ₹11,101 crore from retail.
The telecom operator's revenue from operations rose 11% year-on-year to ₹25,959 crore in the fourth quarter.
RIL's petroleum business posted a net profit of ₹9,924 crore in the December quarter, while the consumer businesses together registered a profit of ₹8,610 crore.
Jio's ARPU increased 2% year-on-year to ₹181.7.
COAI's pitch for equitable sharing of infra costs shows telecom and OTT business is a painful affair in India.
Reliance Jio and Bharti Airtel will need to work on 5G tariffs and customer migration.