Jio Platforms has emerged as the world’s sixth-most valuable listed telecom company by market capitalisation and Asia’s second-largest after China Mobile, following its blockbuster stock market debut on October 28. The Reliance Industries-backed digital services company commanded a market valuation of approximately $131 billion, or Rs 12.5 lakh crore, placing it ahead of Bharti Airtel in the global rankings.
According to a Moneycontrol report, Jio Platforms’ valuation puts it among the world’s most valuable telecom operators. China Mobile leads the global ranking with a market capitalisation of about $221 billion, followed by Verizon at $182 billion, T-Mobile US at $157 billion, AT&T at $141 billion and Germany’s Deutsche Telekom at $135 billion.