Jio's Akash Ambani says services, not tariff hikes, to drive revenue as record IPO nears
Jio Platforms plans to raise revenue per customer mainly by selling more services rather than lifting tariffs, though it keeps the option of higher prices, Managing Director Akash Ambani said on Thursday, days before the Reliance Industries unit opens what would be India's largest initial public offering.
Via YourStory
"We always have the ability to take up prices," Ambani told a press conference in Mumbai, but the company would rather give customers more services and charge for them than rely on price per gigabyte as its main lever.
Asked whether a tariff increase was coming, he gave no timeline. He said telecom spending per user as a share of India's per-capita income had roughly halved to about 1% since Jio's 2016 launch, which he called headroom.
Chief Executive Pankaj…
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