Reliance Jio IPO: CLSA says listing will be 'mega event'; pegs $128 bn valuation as growth accelerates

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Reliance Jio's anticipated IPO by 2026 is poised to significantly impact India's telecom sector, potentially triggering a rerating of Bharti Airtel. CLSA highlights Jio's dominant 42% market share, driven by over 500 million subscribers and aggressive expansion. The IPO and tariff hikes are expected to fuel substantial revenue and EBITDA growth for Jio.
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