Questions for 2020: Jio does mega IPO?

NEW DELHI: After towers and fibre infrastructure, Mukesh Ambani’s decision to spin off Jio’s mobile business into a separate company, upstreaming ? 1.08 lakh crore of telecom liabilities to parent Reliance Industries (RI), to make it debt-free by fiscal end, and the consolidation of all digital and connectivity assets under a new 100 per cent subsidiary while fortifying it further with a 108,000 crore ($15 billion) investment plan has clearly been designed to woo investors.

A capital structure similar to that of global technology peers provides Reliance the flexibility to monetise either the consolidated ecosystem or individual platforms — telco, fibre, digital, payments etc.