{
  "id": 14701009,
  "title": "‘Services, Not Tariff Hikes, Will Drive Revenue Growth’: Akash Ambani Outlines Jio’s Strategy Ahead Of Record IPO | VIDEO",
  "url": "https://urgent.news/2026/10/15/services-not-tariff-hikes-will-drive-revenue-growth-akash-ambani",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T12:33:17.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/services-not-tariff-hikes-will-drive-revenue-growth-akash-ambani-outlines-jios-strategy-ahead-of-record-ipo-video"
  },
  "original_language": "en",
  "account": "Mumbai, October 15, 2026 - Jio Platforms aims to increase revenue per customer primarily through selling more services, rather than raising tariffs, according to Managing Director Akash Ambani. Speaking at a press conference in Mumbai, ahead of the company's anticipated record IPO, Ambani stated that while the firm retains the option to increase prices, it prefers to offer customers additional services. Asked about an imminent tariff hike, Ambani did not provide a timeline, noting that telecom spending per user had halved to around 1% of India's per capita income since Jio's launch in 2016, leaving ample room for growth.\n\nAmbani emphasized that Jio charges about Rs 4.9 per gigabyte, compared to the industry average of Rs 7.5, with customers using an average of 43.7 GB per month. The company expects a USD 1.4-trillion digital economy by fiscal year 2031, and plans to capture a significant share of this market. The growth engines identified by Ambani include mobile, home broadband, and enterprise and international services. The company already carries more than 60% of India's wireless data traffic.\n\nNew services outside Jio's licensed telecom business, such as the voice-AI feature announced at the company's annual meeting, could help push its EBITDA margin above its current level of 53.3%, which has increased from around 50% over the past three years. Jio's overseas expansion strategy involves offering its in-house network technology to foreign operators as a managed-service partner, rather than selling hardware or software licences, which would not require heavy capital spending.",
  "summary": "Mumbai, October 15, 2026: Jio Platforms plans to increase revenue per customer primarily by selling more services rather than raising tariffs, although it retains the option of increasing prices, Managing Director Akash Ambani said on Thursday, days before the Reliance Industries unit opens what is expected to be India’s largest initial public offering (IPO). “We always have the ability to take…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "YourStory",
        "title": "Jio's Akash Ambani says services, not tariff hikes, to drive revenue as record IPO nears",
        "url": "https://urgent.news/2026/10/15/jios-akash-ambani-says-services-not-tariff-hikes-to-drive-revenue-as",
        "published": "2026-10-15T13:07:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}