What Akash Ambani said on Jio tariff hikes ahead of record IPO launch

Jio Platforms is set to launch its Rs 30,213 crore IPO, the largest in India. Chairman Akash Ambani said the company will focus on growing revenue through home broadband, enterprise and digital services rather than relying on mobile tariff hikes, though it retains the ability to raise prices. Jio, which serves over 530 million subscribers with an ARPU of around Rs 216, aims to push its EBITDA margins higher from the current 53 percent and reach 100 million homes using its proprietary UBR technology.