Reliance Has Found Its New Oil in Jio

Reliance Has Found Its New Oil in Jio

  • June 2020 •
  • 8 pages •
  • Report ID: 5909165 •
  • Format: PDF
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.