Mukesh Ambani’s Reliance Jio is going to enter satellite based broadband service. For this, the company has partnered with SES of Luxembourg. This network will work on the satellite of SES.
This agreement was made for broadband internet.
Mukesh Ambani’s company Jio Platforms (Jio Platforms) and worldwide satellite-based connectivity (Satellite Broadband ServicesThe provider company SES on Monday entered into a joint venture named Geo Space Technology Limited (Jio Platforms Joint Ventures with SES) announced the formation. This new joint venture will provide affordable broadband services using satellite based technology across the country. Jio Platforms and SES will have 51 per cent and 49 per cent stake in the joint venture. The joint venture will use a multi-orbit space network. Geostationary (GEO) and Medium Earth Orbit (MEO) satellites will be used in this network. Enterprise, mobile and retail customers from neighboring countries including India will also be able to connect with the network’s multi-gigabit link.
SES will provide 100 Gbps capacity. Which Jio will sell through its strong sales network. As part of the investment plan, the joint venture will develop comprehensive gateway infrastructure in India to provide services within the country. Under this deal, Jio will buy gateways and equipment worth around US$ 100 million over the next few years. While SES will provide its modern satellites in the joint venture, Jio will operate and manage the Gateway infrastructure.
Internet access in remote areas
The company said in the statement that Kovid-19 has taught us that access to broadband is essential for full participation in the new digital economy. This joint venture will connect India with digital services. It will also provide access to distance health, government services and distance learning opportunities.
The company’s investment in 5G will continue
Akash Ambani, Director, Jio said, “We will continue to invest in 5G with our fiber-based connectivity and FTTH business. On the other hand, this new joint venture with SES will further accelerate the growth of multigigabit broadband. With the additional coverage and capacity provided by satellite communication services, Jio will connect remote cities and villages, enterprises, government establishments and consumers to the new Digital India. We are excited to join SES with expertise in the satellite industry.”
Will improve the lives of millions of people
Steve Caller, CEO of SES, said, “This joint venture with Jio Platforms is a great example of how SES can complement the most comprehensive on-ground networks to provide high-quality connectivity, and transform the lives of millions of people. can affect positively. We are ready for this joint venture.”
Broadband connectivity will expand
In a press release, the company said that this joint venture will be a vehicle to take forward the Honorable Prime Minister’s ‘National Master Plan of Gati Shakti Multi-Modal Connectivity’ to provide integrated and seamless connectivity by strengthening infrastructure. It will rapidly enhance the Connect India goals in the National Digital Communications Policy and Digital India programme, by expanding broadband connectivity to Indian citizens.