Jio to bring satellite broadband service in India, enters into partnership with SES

Jio aims to further accelerate the growth of multigigabit broadband in India with the new venture.

Highlights
  • Jio has announced a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India.
  • The venture will use multi-orbit space networks, which are a combination of geostationary (GEO), and medium earth orbit (MEO) satellite constellations.
  • Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake respectively.

Reliance Jio on Monday announced a joint venture with Luxembourg-based SES to provide satellite-based broadband service in India. The two companies have formed a joint venture, called the Jio Space Technology Limited, where Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake, respectively. The venture will use multi-orbit space networks, which are a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations that are claimed to be capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul, and retail customers across the country.

Show Full Article

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,” said the joint statement (via ET Telecom).

Jio has an anchor customer of the joint venture has entered into a multi-year capacity purchase agreement that is based on certain milestones along with gateways and equipment purchase with a total contract value of circa USD 100 million (around Rs 750 crores). Jio director, Akash Ambani said the company will continue to expand the fiber-based and FTTH business and invest in 5G, while also venturing 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,” said Akash in a statement.