Jio Platforms explores tech-for-equity talks with Comcast, Charter: report

Mumbai-based, publicly listed Jio Platforms is in talks with Comcast, Charter Communications, and MTN Group regarding the potential licensing of its wireless broadband technology. These negotiations involve exploring tech-for-equity arrangements where Jio would provide its proprietary connectivity system in exchange for stakes in these partner businesses. The company is targeting 10 to 15 global partners for its technology platform.Jio Platforms, controlled by Reliance Industries has developed a proprietary broadband system that operates on unlicensed Wi-Fi frequencies, a solution designed to deliver high-speed internet to buildings without traditional cable connections. The company intends to deploy this technology through transmitters placed on towers or rooftops.Talks were held with the South Africa-based MTN Group earlier but ultimately concluded without an agreement due to differences regarding valuation and licensing terms.