After Elon Musk’s satellite-based broadband internet service Starlink, now Reliance Jio also seems all set to enter this space. According to the news agency, the company Indian telecom giant has joined hands with Luxembourg-based SES for this. Both the companies have announced this partnership through a joint statement.
According to PTI, the two companies will jointly run a joint venture called Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will hold 51 per cent and 49 per cent equity stake, respectively. Geo Space Technology Limited will use the Multi-Orbit Space Network, which is made up of a combination of Geostationary (GEO), and Medium Earth Orbit (MEO) satellite groups. The combination is capable of providing multi-gigabit links and capability to business, mobile backhaul and retail customers in India and neighboring regions.
The statement said that “this joint venture will work to provide satellite data and connectivity services to SES in India. However, excluding certain international aeronautical and maritime customers that may be served by SES. This includes the SES side.” 100 Gbps capacity and Jio’s strong position and sales in India will prove to be profitable to grow the market.”
“While we continue to expand our fiber-based connectivity and FTTH business and invest in 5G, this new joint venture with SES will further accelerate the growth of multigigabit broadband,” said Akash Ambani, director, Jio. He further added that “With the added coverage and capability provided by satellite communication service, Jio will be able to connect remote cities and villages, businesses, government establishments and consumers to the new Digital India.”