Jio Platforms is in preliminary discussions with U.S. cable operators Comcast and Charter Communications to license its proprietary wireless broadband technology. The move marks a strategic shift for the Reliance Industries-controlled company, which aims to export its unlicensed band radio (UBR) technology rather than build physical networks in foreign markets.
Expanding Overseas Reach
The UBR technology operates on unlicensed Wi-Fi frequencies. It utilizes transmitters placed on rooftops or towers to beam high-speed internet directly to receivers on buildings. This method allows operators to provide broadband connectivity without the need to install cables at individual homes. Reliance has characterized the system as a global first.
Reports indicate Jio is targeting 10 to 15 global partners for this technology. While the company has engaged with U.S. firms, no specific timeline for an agreement exists. Previous negotiations with South Africa’s MTN Group reportedly ended without a deal due to disagreements over valuation and licensing terms.
Jio Platforms Managing Director Akash Ambani stated during a recent earnings call that the company intends to be selective about international expansion. He emphasized that the firm aims to operate as a technology-led business, specifically noting the potential of the U.S. market.
Market Context and Strategy
For U.S. operators, the technology offers a potential solution to rising competition. Both Comcast and Charter have faced customer attrition as subscribers migrate toward fiber and fixed wireless alternatives. As of late 2024, Comcast reported 28.3 million residential broadband customers, while Charter maintained approximately 29.4 million users.
Jio recently completed a $3.2 billion initial public offering and reported a quarterly net profit of ₹8,387 crore. The company currently counts 542.4 million subscribers, including 300 million 5G users.