Mukesh Ambani’s Reliance Jio is poised to become the sixth most valuable telecom company in the world following its planned IPO, potentially overtaking Bharti Airtel, which currently holds that position with a $135 billion market cap.
As per Business Standard, analysts estimate Jio’s enterprise value could reach between $136 billion and $154 billion, driven by its core telecom services and diversified ventures like Jio Broadband, Jio Satellite, Saavn, Haptik, and Asteria Aerospace. Jefferies and Goldman Sachs place Jio’s valuation at $136 billion and $154 billion respectively, positioning it ahead of giants like Comcast, China Telecom, and SoftBank.
So far, Jio has raised over ₹152,000 crore from global investors including Facebook, Google, and KKR, who hold nearly 33% in the company. While speculation over the IPO builds, Reliance has not disclosed a timeline. In Q4 FY25, Jio reported ₹172 billion in EBITDA, with subscriber growth and increased ARPU helping it slightly beat revenue expectations. Management hinted that further benefits from last year’s tariff hike would be seen in Q1 FY26.
With strong investor backing and consistent growth, Jio is primed to disrupt global telecom rankings upon listing.
