Akash Ambani says Jio carries 60% of India's data traffic ahead of IPO, eyes major chunk of $1.4 tn digital economy
Mint 1 hr ago·15 Oct 2026, 11:24 am
Akash Ambani, the chairman of Reliance Jio, has highlighted the company's massive scale in India's digital economy ahead of the upcoming IPO. He stated that Jio currently handles a significant majority of the country's data traffic, underscoring its dominance in the telecom sector. This position gives Jio a strong foundation as the broader digital market is projected to grow to $1.4 trillion by FY31.
For investors, this news signals the immense potential of India's digital infrastructure. Jio's ability to capture a major share of this expanding market suggests continued growth in its user base and revenue. The IPO is expected to provide liquidity to early investors and offer a chance for the public to participate in this sector's expansion.
Investors should watch for the IPO pricing and the company's roadmap for monetizing its vast data traffic. The success of the listing will likely depend on how well the market perceives Jio's ability to maintain its market share amidst increasing competition.
Excerpt from Mint
Reliance Jio Infocomm Chairman Akash Ambani on Thursday said the telecom operator carries more than 60% of India's data traffic, while its data prices per GB are among the lowest in the world. Speaking at a press conference ahead of Jio Platforms' initial public offering (IPO), Akash said the company aimed to help…Read the original at Mint
Key takeaways
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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