From ₹228 a GB to ₹7.5: How Mukesh Ambani’s Jio rewired India’s internet and is now seeking a ₹10 lakh crore valuation

What happened: Reliance Jio is asking investors to value it as a broader technology platform spanning 5G, fixed broadband, cloud, entertainment, enterprise services and artificial intelligence, rather than only as a telecom operator. Key numbers: Data prices cited fell from ₹228 a GB to ₹7.5. The company is seeking a ₹10 lakh crore valuation. Why it matters: The pitch asks the market to assess Jio beyond telecom operations, across the additional segments the company names.

Reliance Jio is asking investors to value it as a broader technology platform spanning 5G, fixed broadband, cloud, entertainment, enterprise services and artificial intelligence, rather than only as a telecom operator.

The pitch asks the market to assess Jio beyond telecom operations, across the additional segments the company names.