Ambani's Jio Platforms explores tech-for-equity talks with Comcast and Charter

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The Economic Times daily newspaper is available online now. Read Today's Paper Ambani's Jio Platforms explores tech-for-equity talks with Comcast and Charter, sources sayReutersLast Updated: Nov 04, 2026, 01:23:00 AM ISTSynopsis

Jio Platforms, controlled by Mukesh Ambani's Reliance Industries, is exploring international partnerships for its broadband technology. The company has discussed potential collaborations with Comcast, Charter Communications, and South Africa's MTN Group. Negotiations with MTN fell through due to disagreements on valuation and licensing issues. Jio aims to secure 10 to 15 global partners for its proprietary system. There is currently no set timeframe for reaching a definitive agreement.

LONDON/NEW DELHI, - Indian billionaire Mukesh Ambani's Jio Platforms has held talks with several companies including Comcast and Charter Communications about licensing its wireless broadband technology in exchange for potential stakes in the businesses, two people familiar with the matter said.

Jio also held discussions with South Africa's MTN Group, but the talks broke down because the two sides were unable to agree on valuation and certain licensing issues, the people said.

Also read: Jio’s connectivity push gathers pace, 5G base hits 300 million and broadband homes 30 million

The people said there was no timetable for reaching a deal with any of the parties that Jio has spoken to.

Jio, which listed in Mumbai last week after a record-breaking $3.2 billion IPO, did not respond to Reuters queries.

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Spokespeople for Comcast and Charter declined to comment.

Controlled by Ambani's Reliance Industries, Jio has for months signaled plans to expand internationally with its proprietary broadband technology, which Reliance calls a "global first".

The system runs on free, unlicensed Wi-Fi frequencies, making it cheaper to deliver internet to homes than traditional cable networks or mobile-based services.

Also read: Diwali cheer! Mukesh Ambani gets $8.5 billion richer in a day as RIL shares soar

Jio said last week it was targeting 10 to 15 partners globally for its technology platform that works on so-called unlicensed band radio. It works without cable connections to homes, using transmitters mounted on nearby towers or rooftops to beam high-speed internet over Wi-Fi frequencies to receivers installed on buildings.

MTN could not persuade Jio to invest at a satisfactory valuation, said one of the people. The financial details of the potential partnership were not immediately clear.

MTN said it does not comment on market speculation.
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