BofA Pegs Jio Platforms’ Valuation At $107 Bn, Sees Robust Growth In 2024

BofA Pegs Jio Platforms’ Valuation At $107 Bn, Sees Robust Growth In 2024

SUMMARY

BofA expects Jio Platforms to continue adding subscribers this year while making deeper inroads with its advanced feature phone JioBharat and wireless broadband device JioAirFiber

The brokerage said that Jio Platforms can capitalise on government contracts, SMEs and corporates in the enterprise business space

Jio Platforms houses telecom operator Reliance Jio Infocomm and other digital businesses of Reliance Industries Ltd

Brokerage BofA has reportedly pegged the valuation of Mukesh Ambani’s Jio Platforms at $107 Bn and is bullish about the company. 

Jio Platforms houses telecom operator Reliance Jio Infocomm and other digital businesses of Reliance Industries Ltd (RIL).

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