New Delhi Mukesh Ambani’s Reliance Jio could become a company with 48 per cent share in the country’s telecom market by 2025 with about 50 crore subscribers. This has been estimated in a report by Bernstein, an investment and research organization. The analyst said in the report, “In our last model update in December, we had claimed that Reliance Jio would dominate the Indian telecom market. Since then we have seen that many international investors have also reached similar results. It is worth mentioning that several private companies including Facebook have invested about Rs 1.4 lakh crore in Reliance Jio in the last few weeks.
Facebook has bought 9.99 percent stake of Reliance Jio through an investment of Rs 43,573.62 crore. At the same time, other investors have invested around Rs 60,753.33 crore in Mukesh Ambani’s digital platform so far.
“We look forward to a strategic partnership between Facebook and other parts of the Reliance Group,” said Bernstein’s report. However, we believe the investment made by other companies is for the long term. Through these deals, Reliance got the capital to reduce debt while the investors soon got a stake in India’s leading telecom company. ‘
Also read: Samsung Galaxy A21s launched in budget range with strong battery and camera features
Bernstein hopes that Jio could launch an initial public offering, ie IPO, after gaining a market share of 50 percent in the coming years. This report states that by then average revenue per user (ARPUs) would have been better. The company expects that the company’s service revenue will double in the next three years.
Bernstein estimates that in FY 2022-23, the number of subscribers of Jio could increase to 50 crore from the current 388 million. Also, it is estimated that the number of subscribers of the company can reach 56.9 crore by FY 2024-25 and 60.9 crore by FY 2027-28.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
