Good news for Mukesh Ambani as Reliance Jio may become world’s 6th-largest…, Sunil Mittal’s Airtel will only…

In a major good news for Reliance Jio owned by Reliance Industries Chairman and India’s richest person, Mukesh Ambani, Reliance Jio is estimated to have an enterprise value (EV) in the range of $136 billion to $154 billion after it goes through its Initial Public Offer (IPO). Readers must note that Jio platforms is considering starting the process of filing for an IPO. Here are all the details you need to know.

After Reliance Jio reaches the enterprise value of $136 billion to $154 billion, it will be equivalent to that of the sixth-largest listed telecom company in the world by market capitalisation (mcap), a report by Business Standard said.

More notably, Reliance Jio would be the fastest telco to achieve this milestone, as it started only in the year 2016. After achieveing the above milestone, it will only be behind US-based T-Mobile ($282.58 billion), followed by China Mobile ($232.09 billion), AT&T ($198.67 billion), Verizon ($184.41 billion), and Deutsche Telekom ($175.63 billion), the report said.

Notably, Sunil Bharti Mittal’s Bharti Airtel has a market capitalisation of $131.34 billion.

Reliance Jio added 2.17 mn new mobile users in March

In another significant development, Telecom major Reliance Jio added about 2.17 million new subscribers out of 2.93 million for the entire industry in the month of March 2025. The telecom company leads with over 74 per cent market share of new subscriber additions. The company is driving industry growth with over 70 per cent market share across categories and continues to strengthen its market leadership further, as per a report by news agency IANS.

Jio’s subscriber additions were almost 2x of Airtel across categories, VLR subscribers, wireless, wireline and 5G AirFiber. Jio had over 86 per cent market share in Visitor Location Register (VLR) subscriber additions, with 5.03 million.

In 5G Fixed Wireless Access (FWA), which is the fastest growing segment in the connectivity industry worldwide, Jio continues to have over 82 per cent market share with 5.57 million subscribers as of March 2025.

Jio was the fastest mobile provider in India during the second half of 2024 across all technologies combined and specifically for 5G, according to a report from Ookla, a network intelligence and connectivity insights platform.

(With inputs from agencies)

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