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 :
As per the Statement :
Jio Director Akash Ambani Said :
Akash Ambani Said :
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.