Jio Platforms breaks into global top 5 telcos after listing
Jio Platforms made its public listing in India, achieving a market cap of $137.3 billion. This valuation positions it as the fifth-largest telecom company worldwide, surpassing Deutsche Telekom. Global competitors like China Mobile and Verizon continue to lead in market capitalization. Jio's valuation reflects its advanced 4G and 5G networks, which differ from legacy infrastructures of global…
Jio Platforms has ascended into the global top five telcos following its debut on Indian stock exchanges on Wednesday. The company's market capitalization now stands at $137.3 billion, placing it fifth globally, just behind Deutsche Telekom and ahead of AT&T. China Mobile from China topped the rankings with a market cap of $220.3 billion, followed by Verizon and T-Mobile US of the United States.
Despite its smaller size compared to global operators, Jio Platforms boasts a substantial valuation premium, driven by its 4G and 5G networks and proprietary digital platforms. The company's price-earnings multiple is 43.5, significantly higher than the 8-14 range for top global telcos.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
