Reliance Has Found Its New Oil in Jio
This IDC Market Perspective provides an overview of Reliance Jio's new partnerships and investments from PE firms as it deleverages its balance sheet to transform into a technology platform company from a traditional telco. The document also covers the key takeaways for other telcos and countries in how they spearhead their digital transformation amidst COVID-19. "With about 15% divested in Jio Platforms, Reliance is set for a big leap as it deleverages its oil-heavy balance sheet and pivots itself into retail, payments, enterprise software, and ultimately a platforms company," says Yash Jethani, research manager, telecom and Internet of Things (IoT), Asia/Pacific (excluding Japan), IDC Asia/Pacific. "With that shift, Jio has not only paved its own growth path in the India telecom industry but also set a path for other telcos globally on how they transform their legacy assets," he adds.
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