India’s richest man, Mukesh Ambani, on Friday announced plans to list the country’s largest telecom operator, Reliance Jio Infocomm, by the first half of 2026.
Speaking to shareholders over video conference on Friday, Ambani said that the total user base of Jio, which started operations in 2016, has now crossed 500 million.
“Just a week from now, Jio will enter its 10th year of service to the nation. Looking back, these years have been the most glorious in India’s digital history,” Ambani said.
Reliance Industries, controlled by Ambani, holds a 66.5% stake in Jio Platforms Ltd, which in turn, owns all of Reliance Jio Infocomm.
In the near future, Ambani said that Jio aims to expand its operations outside of India. He did not offer a timeline.
