Reliance Jio Provide Satellite-Based Broadband Services in India

jio satellite brodband internet:Reliance Jio (RIL) announced that Jio Platforms Ltd (JPL) and SES, a global satellite-based content connectivity solutions provider, have formed Joint Venture (JV) for satellite-based broadband services. Jio Platforms will own 51% & SES 49% in the JV firm, Jio Space Technology Limited.

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.

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“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.

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.”

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SES will provide up to 100 Gbps capacity and will utilise Jio’s market reach to expand its business footprint in India. The joint venture will also develop extensive gateway infrastructure in India to provide services within the country.

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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. 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.