Reliance Industries Ltd (RIL) announced on Monday that Jio Platforms Ltd (JPL) and SES, a global provider of satellite content connectivity solutions, have formed a joint venture (JV) for satellite broadband services. Jio Platforms will own 51% and SES 49% in the JV company, Jio Space Technology Limited.
“The joint venture will use multi-orbit space networks which are a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of providing multi-gigabit links and capacity to enterprises, mobile backhaul customers and retail throughout the length and breadth of India and adjoining regions,” RIL said in an exchange filing today.
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 which may be served by SES.
Additionally, it will have up to 100Gbps capacity from SES and leverage Jio’s prominent position and sales reach in India to unlock market opportunity, the led conglomerate added. by Mukesh Ambani.
“As part of the investment plan, the joint venture will develop extensive gateway infrastructure in India to provide services in the country. Jio, as the main customer of the joint venture, has entered into a multi-year capacity purchase agreement, based on certain milestones as well as the purchase of gateways and equipment with a total contract value of approximately 100 million dollars,” the statement added.
The joint venture will leverage SES-12, SES’s high-throughput GEO satellite serving India, and O3b mPOWER, SES’s next-generation MEO constellation, to extend and complement Jio’s terrestrial network, increasing the access to digital services and applications. Jio will offer managed services and gateway infrastructure operation services to the joint venture, he added.
In January this year, Jio’s rival Airtel announced a joint venture with Hughes Communications India to provide satellite broadband services in India, to offer flexible and scalable enterprise network solutions using wireless connectivity. satellite for primary transport, backup and hybrid implementation.
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