Reliance Jio is positioning its home-grown 5G technology for a global push, analysts said in a recent report by Jefferies, noting that the company now has the capability to tap a $121 billion telecom technology market as countries accelerate network upgrades.
The brokerage highlighted that global 5G penetration remains low, especially in low-income regions, creating an opening for cost-efficient alternatives tested at scale in India.
“Jio’s comprehensive tech stack spanning radios, network core, OSS/BSS systems, and FWA solutions is its competitive edge,” the report said.
The report added, “Jio’s 5G tech stack…offers a strong cost-effective alternative and can drive additional layer of growth for Jio.”
Jefferies also noted that Jio’s recent investments demonstrate a push to shape global connectivity standards, backed by a sharp rise in intellectual property activity. Patent filings have jumped 13 times over two years.
“With an aspiration to actively shape global connectivity standards of the future, Jio has also increased its contributions toward 3GPP standards for 5G/6G by nearly 7x to 70,” Jefferies analysts pointed out.
The brokerage expects Jio’s technology to find demand beyond India as operators abroad shift toward open architectures that allow software and hardware to be unbundled — a shift that makes lower-cost options more attractive.
Jio remains well-placed to deliver strong financial performance over FY26–28, supported by tariff increases, home broadband growth and enterprise expansion, it said.
“Growth is likely to remain strong, led by scale-up of the enterprise business and monetisation of tech stack,” the report added.
