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Why Reliance Jio’s $ 100B IPO has been postponed
What is
Mukesh-lodiance Lodiance Jio has waved public offer initially waiting for (IPO). The company hopes to push the money, planting its reservation base, and expand digital services before starting the stock market. No banks have been appointed in offer.
Jio wants to expand its business before going to public
The decision to delay the IPO is part of his improvement strategy to grow its business and add value. Company wants to generate subscribers to its telecom business, Jio Infocomm, before the public. Nearly 80% of Jio 17.6 billion income comes from Unitcom Unitcom Nitcom Nitcom, the largest players of India.
Reliance Jio is extended to other digital services
In addition to telecommunications business, religion Jio also has other digital service extensions. The company is focused on creating app, the device connected, and AI solutions for enterprises. It also cooperated with NVIDIA to build ai infrastructure. This diversion strategy is part of the ambision of Ambani for the company and prospects grow in the future. Rise Jio also gear is going to spend time in Indian StarLink Internet Slide.
Telecommunications business business faces a challenge due to ticket
The Telecommunications of the Reliance Jio is facing a challenge due to hiking due to the hiking for some time of its subscription room. However, it returned to this year growth path with more than 488 subscribers.
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