The impending IPO of Indian operator Reliance Jio has been long anticipated, but recent developments signal that the listing is now on the near horizon. With Reliance Jio increasingly monetizing its market dominance—raising tariffs and rolling out 5G Standalone—the company is poised to lead India’s largest-ever IPO, valued at around $112 billion. This move is underscored by its transition into higher ARPUs, solidifying its position in India’s highly competitive telecom market. Jio Platforms, which includes Reliance Jio and a collection of other assets such as Radisys, is the focus of the IPO. Reliance Industries, led by Mukesh Ambani, owns a 67% share of Jio Platforms, with the rest held by a diverse group of investors, including Google, Meta, Silver Lake,…