Jio IPO puts telecom in focus: Why the sector’s growth story is gaining momentum

Jio Platforms’ proposed initial public offering (IPO), expected over the next few quarters, is set to be a landmark event for India’s telecom sector. The issue could rank among the country’s largest IPOs, giving investors direct exposure to Reliance Jio Infocomm, India’s largest telecom operator by subscriber base.

The IPO comes at a time when the industry cycle is strengthening, supported by rising average revenue per user (ARPU), steady growth in data consumption, and a moderation in capital expenditure intensity.