Valuation concerns and strategic missteps hinder Ambani’s Jio outcome
Ahead of its IPO, the mobile telephony leader is down to playing catch-up with Airtel. What should investors expect?
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Reliance’s telecom business has demonstrated impressive growth in Q1. Yet, fundamental slippages are holding back profitability, even as Airtel continues to keep its lead. Expect more headwinds, not a bumper IPO.