en.Wedoany.com Reported - Indian telecom operator Reliance Jio has announced five strategic commitments aimed at driving its next phase of growth. The company, which currently serves over 524 million users, has become the largest telecom operator in India.
At the 49th Annual General Meeting of Reliance Industries Ltd (RIL), Akash Ambani, Chairman of Reliance Jio Infocomm, stated that the company has achieved remarkable operational scale within a decade of its inception. It is now preparing for the next growth phase by expanding 5G adoption, broadband access, enterprise digitalization, artificial intelligence, and global technology products. Ambani noted that Jio's 5G subscriber base has exceeded 268 million, making it "the largest among single-country operators outside China," with a net addition of 77 million users this year.
The five-point plan for Jio's next growth phase includes: first, making Jio True 5G the foundation for India's next digital leap, with a target to migrate all users to 5G by 2030 while enhancing India's leadership in 6G standards; second, extending high-speed home broadband coverage to every corner of India; third, driving digitalization for Indian enterprises and small businesses; fourth, ensuring "AI for everyone, everywhere"; and fifth, bringing Indian technology solutions to global markets. Ambani said JioAirFiber has connected 13 million households, making it the world's largest fixed wireless broadband operator.
In terms of financial performance, Jio Platforms reported revenue of INR 14,688.5 billion in FY2026, up 14.6% year-on-year; EBITDA grew 18.8% to INR 7,625.5 billion, with the EBITDA margin improving to 51.9%. Ambani noted that this marks the first time the company's net profit after tax exceeded INR 3,000 billion, up 15.1% year-on-year. Total data traffic on Jio's network in FY2026 was 241 exabytes, a 30.8% increase year-on-year.
Ambani also stated that Jio has connected India on the ground and now must connect it from the sky. The company plans to build a low Earth orbit satellite constellation consisting of approximately 1,600 to 1,650 satellites at an altitude of about 650 km, expected to be deployed within the next two to three years. The constellation aims to provide broadband and direct-to-device services. Jio has submitted a proposal to the Indian National Space Promotion and Authorisation Centre (IN-SPACe), which is evaluating the proposed configuration and technical architecture. Industry experts estimate that building a constellation of this scale could require an investment of $10 to $15 billion.
At the Annual General Meeting, Mukesh Ambani, Chairman of Reliance Industries, announced that the company's board has approved the draft prospectus for Jio's initial public offering (IPO) and submitted an application to the Securities and Exchange Board of India (Sebi). The IPO will include up to 270 million new shares with a face value of INR 10. The proposed offering is expected to be the largest IPO in Indian history. Mukesh Ambani stated that Jio's listing will prove to the world that India can build technology companies with "global scale, global capability, and global value."
In terms of operational data, Jio's average revenue per user (ARPU) rose to INR 214 in the fourth quarter of FY2026. The quarter saw a net addition of 9.1 million users, bringing the total user base to over 524 million. The monthly churn rate remained stable at 1.7%. Per capita data usage increased to 42.3 GB per month, with total quarterly data traffic growing approximately 35% year-on-year. As of March 2026, Jio's 5G user base reached 268 million, with 5G services accounting for about 55% of its total wireless data traffic. In the fixed broadband segment, the company added approximately 10 million users in FY2026, bringing the total to 27.1 million, with an estimated market share of about 43%. Among these, Jio AirFiber service had approximately 13 million users, accounting for over three-quarters of these new additions.
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