Reliance Jio’s IPO set to intensify focus on India’s telco sector amid duopoly fears

Indian telecom giant Reliance Jio’s plan to launch one of the country’s largest public share offerings in recent years is expected to shake up the domestic market and spur digital companies to raise funds amid a lull in the Iran war and global trade tensions.

Earlier this month, the company filed its initial public offering plan with the Securities and Exchange Board of India to raise US$3.8 billion to US$4 billion, potentially surpassing Hyundai Motor India’s record US$3.3 billion IPO in 2024....