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Jio Platforms' bull-case value seen at $110 bn by FY22: BofA Securities

Outlining a "bull-case" scenario, the BofA Securities report said it expects Jio's ARPU to stabilise to Rs 250 (and not Rs 300) in the long run

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Further, with cellular investments behind, Jio is focusing on broadband roll-out and targeting small and medium enterprises (SMEs) where it could offer bundled pack with Microsoft

Press Trust of India New Delhi
A combination of factors, including a rise in realisation per user, good traction in broadband and enterprise offerings and its apps gaining scale, could drive Jio Platforms' "bull-case" valuation to $110 billion over coming years, BofA Securities said on Tuesday.

After Facebook's 10 per cent stake in Jio Platforms Ltd (JPL), nine PE firms bought 15 per cent stake in JPL valuing it at $66 billion.

"In our JPL bull-case valuation, when we model FY22 cellular ARPU (average revenue per user) of Rs 200 (current Rs 131), good traction in broadband/enterprise offerings and a few of Jio's apps gaining scale,

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First Published: Jun 23 2020 | 8:38 PM IST

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