Telecommunication service providing company Jio announces that it plans to offer satellite-based internet services in the country. Jio has partnered with Luxembourg-based telecommunications company SES to offer satellite broadband service.
Jio has signed a multi-year capacity purchase deal with the joint venture, based on specified milestones, and also gateways and equipment purchases, with a total contract value of around $100 million.
Jio Space Technology Limited, a joint venture, will lead the development of broadband services by combining geostationary (GEO) and medium earth orbit (MEO) satellite constellations.
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The joint venture would create substantial gateway infrastructure in India as part of its investment strategy to supply services throughout the country. According to the companies, Jio Platforms will own 51% and SES 49% in the newly announced Joint venture firm.
Jio mentioned that the internet service would be able to provide multi-gigabit links and capacity to organizations. The highlighting feature of the broadband service is that it would support up to 100 Gbps speed.
Director of Jio Platforms, 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.”
He further added that while continuing to build their fiber-based connection and FTTH businesses and invest in 5G. This new joint venture with SES will help to drive multigigabit broadband expansion.
SES will be able to take advantage of Jio’s leading position, and sales reach in India as a part of this partnership. “This joint venture with JPL is a great example of how SES can complement even the most extensive terrestrial networks to deliver high-quality connectivity and positively affect the lives of hundreds of millions of people,” said CEO of SES, Steve Collar.
He also mentioned that they are excited about this cooperative venture as it would allow them to contribute to the promotion of digital inclusiveness in India.