Jio to be in top 100 most valuable global brands in 3 years: Report

New Delhi: Billionaire Mukesh Ambani's telecom venture Jio will be among the 100 most valuable brands globally within three years, says a report.

The 'Top 100 Most Valuable Global Brands 2019 report' by communication services provider WPP and market research firm Kantar Millward Brown ranked Amazon the world's most valuable brand ahead of Apple and Google. While, Life Insurance Corp (LIC) and Tata Consultancy Service (TCS) have entered the list as new entrants.

Jio has been featured in global 100 disruptive power brands. "Jio disrupted the Indian telecom provider category with its deep discount prices for data consumption. It forced competitors to lower their prices and drove category consolidation," the report said.

All telecom consumers not only Jio customers have been benefited from Jio's action, it added.

Stating that meaningful disruption is the key to scalable relevance, the report said Jio "will enter the Top 100 within three years at current growth rate."