Jio Platforms set the price band for shares sold in its IPO, with the company set to raise a maximum of INR302.1 billion ($3.2 billion) from the float.

In a stock market filing, parent company Reliance Industries announced shares would be priced at between INR1,065 and INR1,119 with 270 million units available. Employees are set to receive a INR54 per share discount.

The latest filing came hours after the publication of a prospectus confirming the offer is scheduled to open on Wednesday 21 October and close two days later. Anchor investors can bid from the start of the week.

Reuters reported if Jio reaches the $108.3 billion valuation the top end would equate to, the company would become India’s fourth largest by market capitalisation behind Reliance Industries, Bharti Airtel and bank HDFC.

It also noted the IPO represented a record offering in the country.

Jio stated in its prospectus the net proceeds are set to be used to pay down debt and for general corporate purposes.

The IPO has been a major media talking point for some time, especially in India. In June 2026 Reuters reported the company was aiming for around $3.8 billion from a sale, a significant drop from how much Bloomberg estimated Jio was targeting from a float during 2025.

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BT Business unveiled a managed security service aimed at increasing protection against AI-enhanced attacks for enterprises and public sector organisations, combining its technology and know-how with that of partner Microsoft.

Announcing the Security Operations Centre-as-a-Service (SOCaaS) product for the Microsoft Sentinel platform, the operator noted the launch was the result of an extended relationship with its partner across AI, security and cloud.

BT added the product combined the tech giant’s “leading security technology” with its scale, security and network operations.

Pointing to the need for beefed-up security in the AI era given accelerated attack timelines, BT positioned the offering as helping customers cut complexity of security operations, control costs and “improve detection, response and resilience”.

BT Business CEO Jon James explained “AI is transforming the cyber threat landscape at unprecedented speed, and our customers need protection that stays one step ahead”.

“By extending our partnership with Microsoft, we’re combining cutting-edge security technology with BT’s cyber expertise and threat intelligence to deliver stronger, more proactive protection”.

The managed service launch is the latest enterprise-focused offering promoted as helping UK organisations battle the ever-increasing tide of cybercrime.

In May, it unveiled what it called industrial-grade security products for small and medium sized businesses using technology from specialist CrowdStrike.  

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Nokia and satellite sector specialist ICEYE inked a deal to develop sovereign low Earth orbit (LEO)-based communications systems for government use cases including defence, border security and disaster response.

The Finnish pair aim to launch the first communications satellites for the project in 2028, noting the planned systems would give nations ownership and control of the satellites, ground infrastructure and terminals.

In a joint statement, they explained they intend to deliver “targeted, high-throughput, low-latency connectivity over priority mission areas” to complement existing military and commercial networks rather than replace them.

Their birds are expected to add reach, resilience and capacity for critical connections.

The pact draws on ICEYE’s expertise in delivering sovereign satellite projects in Europe, and Nokia’s experience in networks and defence.

They plan to “integrate satellites, ground infrastructure and ruggedised end-user terminals” to extend ICEYE’s so-called sovereign intelligence from space business model to satellite communications.

The satellite company has customers in defence, environmental monitoring, insurance and emergency management, among others, operating what it describes as the world’s largest and most advanced synthetic aperture radar satellite constellation.

It provides data services and whole sovereign satellite projects.

Complementary
ICEYE CEO and co-founder Rafal Modrzewski said “nations must be able to fully own and control their communications, without dependency on a foreign commercial operator’s terms of service”.

“We delivered Poland its own radar satellite system in under a year. Partnering with Nokia lets us move at a similar speed for satellite communications, on the timelines nations need.”

Nokia president and CEO Justin Hotard added “sovereign operations depend on the ability to sense, decide and act in real time. Physical AI makes that possible, but only with secure, resilient connectivity across land, sea, air and space”.

He added the joint project would complement terrestrial networks “giving nations the situational awareness, connectivity and control they need to operate with confidence in contested environments across all domains”.

The move is the latest from European companies targeting increasing demand for sovereign technology systems from commercial and public sector organisations.

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Construction and heavy machinery manufacturer Komatsu launched a telematics system for its kit in Saudi Arabia using technology from NTT Docomo Business and STC Group.

In a statement on the project, NTT explained the manufacturer is expanding its Komtrax telematics and remote monitoring system to the country using the equipment and expertise of the two telecoms partners.

The system captures operational data from construction machinery with the aim of providing greater visibility of equipment usage and improving operational efficiency.

It offers the means for remote monitoring, data analytics and predictive maintenance, and is already available in a number of Komatsu’s markets.

Komtrax is promoted by the Japanese-headquartered manufacturer as delivering cost savings to clients while helping achieve peak machine performance.

To support the launch in Saudi Arabia, NTT supplied platform design and delivery, helping “Komatsu address country-specific telecommunications requirements while minimising the need for changes to its connectivity model”.

STC provided network services, and a SIM and connectivity management platform offering “reliable and scalable connectivity for Komatsu’s construction equipment” while meeting local regulations.

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