Jefferies puts Jio's enterprise value at $180 bln, citing scalable 5G tech in global market

Bharti Airtel

07/11/2025 06:22

** Jefferies sees enterprise value (EV) for Reliance Industries' RELI.NS telecom unit Jio at $180 billion global scalability prospects

** Bankers are proposing a valuation of as much as $170 billion for the wireless carrier ahead of its initial public offering, Bloomberg News reports

** Brokerage also raises target EV/EBITDA multiple to 15X, a 10% premium to Bharti Airtel BRTI.NS on superior growth outlook

** Growth is likely to remain strong, led by scale-up of the enterprise business and monetisation of tech stack - Jefferies

** Says Jio's 5G tech stack offers a strong cost-effective alternative and can drive additional layer of growth for co in low-income markets

** Last month Reliance said its digital unit Jio Platforms, the parent of telecom unit Jio, reported 12.8% rise in consolidated profit after tax

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))