Jefferies sees Reliance Jio poised for strong growth; forecasts 18% revenue CAGR, $180 billion valuation by FY28

New Delhi [India], November 7 (ANI): Reliance Jio is well-positioned to deliver strong growth over the next few years, supported by rising telecom tariffs and rapid expansion in its home broadband segment, particularly through Fixed Wireless Access (FWA), according to a report by Jefferies.

The report stated that Jio is expected to post 18 per cent and 21 per cent compound annual growth rate (CAGR) in revenues and EBITDA respectively over FY26-28.