Reliance Jio ties up with SES for affordable satellite broadband services

JIO Platforms, a subsidiary whom is fully owned by Reliance Industries Limited (RIL), on February 14 announced a joint venture with SES, Luxembourg-based satellite service providers, to provide to provide broadband services that can be measured and affordable to the next generation in India The Jio Limited and SES platform will have 51% and 49% of each equity stock in a joint venture, RIL said in the submission of regulations.

“Joint ventures will become vehicles to provide satellite data services and SES connectivity in India, except for certain international and international maritime customers who can be served by SES. This will have capacity of up to 100 Gbps from SES and will take advantage of the prime position Jio and sales range In India to unlock this market opportunity, “the official statement said The joint venture will develop a broad gateway infrastructure in India to provide domestic services, the statement noted, adding that the total value of the contract was around $ 100 million.

“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 multi-gigabit broadband. With the coverage and additional capacity offered by satellite communication services, JIO will be able to connect the city Cities and villages, companies, government companies, and consumers in India are new. We are very happy with this new trip that combines a large range and customer base with innovative leadership and innovative expertise in the satellite industry, “Akash Ambani said, Director of the Jio Platform .

The joint venture is also parallel to the initiative of the Government Shakti Gati, which aims to provide integrated and smooth connectivity.