Jio Platforms breaks into global top 5 telcos after listing

ET Intelligence Group: Jio Platforms has entered the top league of global telecom companies after Wednesday’s public listing on Indian bourses. With a market cap of $137.3 billion (₹13.1 lakh crore), Jio Platforms ranked fifth in the global pecking order, ahead of Germany’s Deutsche Telekom with a market cap of $135.5 billion, showed the data collated from Bloomberg. The US incorporated AT&T was at the fourth spot with a market cap of $141.1 billion. Beijing headquartered China Mobile led the rankings with a market cap of 220.3 billion followed by two US headquartered telecom majors, Verizon and T-Mobile US with market caps of $182.1 billion and $157.5 billion respectively.