Jio says tariff hikes can wait, eyes 10-15 partners for overseas play
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Jio Platforms said it will wait to increase mobile tariffs, focusing instead on digital services and overseas expansion.
- ✓Managing director Akash Ambani said, "We don't want to use that as the only lever of growth." The company aims for sustainable revenue as it eyes 10-15 partners for global technology projects.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Fresh from its stock market debut, Jio Platforms is looking beyond mobile tariff hikes to drive revenue growth, with plans to expand its digital services business and take its technology overseas.
Jio does not want to rely solely on charging subscribers more and will decide on tariff increases at an apt time, depending on market conditions and the broader economic environment, the company's management told analysts on Friday.
"As a company, we don't want to use that (tariff hike) as the only lever of growth. What we want, we have capability of creating a technological layer, we want to stress that as a more sustainable way of doing it," managing director Akash Ambani said.
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