Jio's blockbuster IPO has put India's telecom giant in the spotlight, with shares surging 27% and its valuation reaching US$137 billion. But can Jio turn its 530 million subscribers and ambitions in AI, cloud computing and satellite internet into sustained growth? Hussaini Saifee, analyst at Maybank Securities Singapore, examines Jio's prospects, the implications for rivals Bharti Airtel and Singtel, and the risks investors should watch with Hairianto Diman and Andrea Heng