Jio Platforms to monetise tech stack abroad instead of selling hardware, software licences, says Ambani
Jio expects growth to be driven by its mobility, enterprise, home broadband, and digital services businesses
Reliance Jio Platforms intends to commercialise its technology stack abroad by partnering with telecom operators instead of selling hardware or software licences. Managing Director Akash Ambani explained the strategy would leverage the company's existing infrastructure investments, expand services, and increase revenue per user through additional offerings.
The shift aims to monetise Jio's technology in mobility, enterprise, home broadband, and digital services businesses, targeting India's $1.4 trillion digital economy by FY31. While growth will continue in India, Jio will explore overseas opportunities if they contribute to profitability, without committing to a fixed revenue mix between domestic and international markets.
The IPO proceeds of ₹30,213 crore will be used to eliminate nearly $3 billion in net debt and fund future expansion. Jio expects to generate about 30 per cent of revenue as free cash flow, which will be deployed towards technology and customer services. The company's next growth phase will focus on extracting greater value from its infrastructure and expanding services, rather than relying primarily on tariff increases.
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