Jio Becomes Asia’s Second-Most Valuable Telecom Company After China Mobile
What Happened
Jio Platforms’ blockbuster stock-market debut valued the company at around ₹12.5 lakh crore ($131.5 billion), making it India’s most valuable telecom company and Asia’s second-most valuable after China Mobile. It also overtook Bharti Airtel by market capitalisation. There is a discrepancy in the global ranking: Bloomberg data cited by The Hindu Business Line placed Jio sixth globally, while a separate Moneycontrol comparison ranked it seventh, depending on the companies and market values included.
Key Takeaways
Jio’s IPO has instantly placed it among the world’s biggest listed telecom companies and made it Asia’s No. 2 by market value after China Mobile. The precise global rank should be treated as time- and methodology-dependent.