JPL is currently 66.3 per cent owned by Reliance Industries Ltd (RIL), eying put for an IPO soon. Mukesh Ambani (File)

ICICI Securities expects Jio Platforms Ltd (JPL) to command premium valuations in its upcoming initial public offering (IPO) which is similar to its high-profile equity fundraising in FY21 and has projected the company’s equity value at USD 148 billion by September 2027.

In a report released on Friday, the brokerage upgraded its outlook for Indian telecom operators, citing renewed optimism supported by stronger financial performance and robust business fundamentals across the sector. It noted that an improved tariff structure, accelerated 5G adoption, and Jio Platforms’ proposed listing are likely to sustain premiumisation trends and positively influence sector va

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