Tariff hikes and 5G monetisation moves hint Jio’s headed for IPO

Kolkata: Reliance Jio Infocomm taking the lead in raising mobile tariffs and moving to monetise its 5G business could be an indication of the telecom market leader readying for an initial public offering that could be India’s largest, analysts said. Some of them expect an IPO as soon as early next year.

Analysts and industry executives expect clarity on Jio’s big-bang IPO at parent Reliance Industries Ltd’s annual general meeting, likely next month.