Jio Platforms explores US technology deals with Comcast and Charter

Jio Platforms, owned by Mukesh Ambani’s Reliance Industries, is in discussions with US telecommunications companies Comcast and Charter Communications. The talks involve licensing Jio’s proprietary wireless broadband technology in exchange for potential equity stakes in those businesses.

Jio’s technology, known as Unlicensed Band Radio (UBR), utilizes unlicensed Wi-Fi frequencies to deliver high-speed internet to homes via transmitters on towers or rooftops. This method avoids the need for traditional cable connections, potentially offering a lower-cost alternative to existing cable and mobile-based services. The move aligns with Jio’s strategy to secure 10 to 15 global partners for its technology platform.

Previous discussions with South Africa’s MTN Group reportedly stalled due to disagreements regarding valuation and licensing issues. While Jio recently completed a $3.2 billion IPO in India, no final agreements have been reached with any potential US partners.