Jio announce a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India. These two companies have form a joint venture, Jio Space Technology Limited, Jio Platforms (JPL) and SES will own 51% and 49% equity stake.
Statement Said :
“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,”.
As per the Statement :
“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 (approx. Rs. 750 crore),”.
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.”
Akash Ambani Said :
“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.”
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.
