Will Jio raise tariffs? Here’s what Akash Ambani said ahead of IPO rollout

Jio Platforms has the option of increasing mobile tariffs but plans to drive revenue growth primarily by offering customers more services rather than relying on higher data prices, Managing Director Akash Ambani said on Thursday, October 15, ahead of the company’s initial public offering (IPO).

“We always have the ability to take up prices,” Akash Ambani said at a press conference in Mumbai. However, he indicated that Jio would prefer to increase revenue by expanding its range of services and charging customers for additional offerings instead of making higher prices per gigabyte its primary growth lever.