Jio Platforms IPO signals diverging growth paths with Bharti Airtel
New Delhi, June 22 -- Jio Platforms and its closest rival Bharti Airtel are pursuing contrasting growth strategies-Airtel via overseas expansion, data centres and financial services, and Jio through broadband, and artificial intelligence (AI)-as Reliance Industries Ltd's (RIL) digital arm gears up for a public listing.
While mobile services remain the mainstay for both companies, Airtel is betting its future beyond telecom on its Africa business expansion, its data centre arm Nxtra, Airtel Payments Bank, and its newly-added non-bank financial services arm, Airtel Money.
Jio, meanwhile, is aggressively expanding its home broadband footprint through 5G fixed wireless access (FWA) and is now eyeing the next phase of growth in emerging area...
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