Jio to Provide Satellite-Based Broadband Services in India in Partnership With SES

Jio Director Akash Ambani said, "This new joint venture with SES will further accelerate the growth of multigigabit broadband."

Jio to Provide Satellite-Based Broadband Services in India in Partnership With SES

Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake respectively

Highlights
  • The joint venture will use multi-orbit space networks
  • "The joint venture will be the vehicle for providing SES's satellite data
  • Two companies have formed a joint venture, Jio Space Technology Limited

Digital services company Jio Platforms on Monday announced a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India, a joint statement said.

The two companies have formed a joint venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake respectively.

"The joint venture will be the vehicle for providing SES's satellite data and connectivity services in India, except for certain international aeronautical and maritime customers who may be served by SES.

"It will have availability of up to 100Gbps capacity from SES and will leverage Jio's premiere position and sales reach in India to unlock this market opportunity," the statement said.

The joint venture will use multi-orbit space networks, a combination of geostationary (GEO), and medium earth orbit (MEO) satellite constellations, capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul and retail customers across the length and breadth of India and neighbouring regions.

"Jio, as an anchor customer of the joint venture, has entered into a multi-year capacity purchase agreement, based on certain milestones along with gateways and equipment purchase with total contract value of circa $100 million (roughly Rs. 750 crore)," according to the statement.

Jio Director Akash Ambani said, "while we continue to expand our fibre-based connectivity and FTTH business and invest in 5G, this new joint venture with SES will further accelerate the growth of multigigabit broadband." He further added that "with additional coverage and capacity offered by satellite communications services, Jio will be able to connect the remotest towns and villages, enterprises, government establishments, and consumers to the new Digital India."


Do Samsung's Galaxy S22 and Tab S8 series have any Android competition? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Jio, SES, Akash Ambani
Read in: हिंदी
Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.