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- Jio Platforms is the fast-growing and profitable digital operations division of Indian conglomerate Reliance Industries Ltd. (RIL)
- The main unit of Jio Platforms is Reliance Jio, India’s largest telco
- Jio ended June with almost 500 million mobile and fixed customers, including more than 200 million 5G customers
- It also claims to be the world’s largest fixed wireless access (FWA) service provider in the world
- But RIL still wants more from Jio Platforms before it will kickstart an IPO process for its digital division
Jio Platforms, the fast-growing and profitable digital operations division of Indian conglomerate Reliance Industries Ltd. (RIL), has had a very positive start to its latest financial year: It has reported a 24% year on year leap in EBITDA for its fiscal first quarter that ended 30 June thanks to the ongoing growth its telco unit Reliance Jio, which now has more than 200 million 5G customers and claims to be the world’s largest fixed wireless access (FWA) service provider.
