Stories
Jio Targets 340 Million New Mobility Users And Expansion In Broadband Ahead Of IPO
- •Jio Platforms aims to attract 340 million potential new mobility users over the next five years, driven by 240 million 2G network users migrating to 4G and 5G along with 100 million first-time mobile users.
- •Managing Director Akash Ambani highlighted home broadband as the company's biggest growth engine, targeting an expansion of its customer base from 30 million to 100 million homes using wireless technology.
- •The company is preparing for India's largest initial public offering, with a price band set between ₹1,065 and ₹1,119 per equity share, aiming to raise approximately ₹30,213 crore.
- •Jio plans to expand enterprise services across banking, insurance, and hospitality sectors while monetising its proprietary technology stack through global telecom partnerships.
Key Questions Answered
Jio Platforms aims to target nearly 340 million potential new mobility users over the next five years, which includes 240 million subscribers migrating from 2G to 4G and 5G networks and 100 million first-time SIM card users. Additionally, the company plans to more than triple its home broadband customer base from around 30 million to 100 million homes.
Jio Platforms has set its IPO price band between ₹1,065 and ₹1,119 per equity share, with the issue expected to raise approximately ₹30,213 crore at the upper end. The public offering will open for subscription on October 21 and close on October 23, 2026, surpassing previous issue sizes to become India's largest public offering.
To reach its goal of 100 million home broadband subscribers, Jio addressed the challenges of traditional fibre deployment by utilizing wireless technology for the last mile. The company developed its own technology operating in unlicensed 5G and Wi-Fi bands, with approximately 40% of its new broadband additions already utilizing this wireless approach.
