Reliance Jio’s broadband growth offsets slower mobile user additions ahead of IPO

Mumbai: Reliance Jio’s home broadband subscriber base posted its strongest-ever quarterly growth in the July-September period even as mobile user additions lagged expectations, ahead of parent Jio Platforms’ planned initial public offer in the first half of 2026.

“Jio’s overall subscriber additions, though healthy at 8 million, missed our estimates due to lower-than-expected mobile subscriber additions of 5 million,” Jefferies said in a report. “Home broadband subscribers were up 3 million – the highest quarterly addition – driven by pickup in FWA (fixed wireless access).”