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Exclusive-Ambani’s Jio explores tech-for-equity talks with Comcast and Charter, sources say
Jio Platforms is discussing deals with Comcast and Charter Communications to license its wireless broadband technology in exchange for possible equity stakes. The talks reflect Jio’s effort to expand internationally after its recent stock market listing, though no deal timetable has been set.
Jio also discussed a potential partnership with South Africa’s MTN Group, but negotiations ended over valuation and licensing disagreements. Jio’s system uses unlicensed Wi-Fi frequencies and transmitters on towers or rooftops to deliver internet without cable connections to homes; the company says it is seeking 10 to 15 global partners.
In short
- Jio is discussing technology-for-equity deals with Comcast and Charter.
- Talks with MTN broke down over valuation and licensing issues.
- Jio aims to find 10 to 15 global partners for its broadband platform.
Steelman: both sides, in good faith
The strongest fair case each way — we don't pick a winner.
The case for
Licensing Jio’s technology in exchange for equity could help Comcast and Charter expand broadband access without building traditional cable connections everywhere. For Jio, partnerships could bring its system to new markets, share commercial risk and create value for shareholders as it pursues international growth.
The case against
Equity-linked licensing deals could be difficult to value and negotiate, as the talks with MTN suggest, and partners may take on uncertainty about the technology’s performance and commercial prospects. Comcast and Charter could reasonably prefer to protect their existing networks and choose arrangements that give them clearer costs, control and returns.
Explained simply
Jio Platforms is the technology arm of Reliance Industries, the Indian group led by Mukesh Ambani. It built a large telecoms business in India and is now looking to take its broadband technology into other countries.
The system sends internet over unlicensed Wi-Fi frequencies from equipment on towers or rooftops, avoiding the need for a cable connection to each home. Jio is speaking with US cable companies Comcast and Charter about licensing the technology in return for possible ownership stakes; earlier talks with South Africa’s MTN ended over differences on price and licensing terms.
The discussions matter because a partnership could give Jio a route into new markets and offer cable companies another way to provide home broadband. No agreement or timetable has been announced, and Jio says it is seeking 10 to 15 partners worldwide.