Jio to Provide Satellite 5l2e4n Based Broadband Services in India in Partnership With SES

Jio Director Akash Ambani said, "This new t venture with SES will further accelerate the growth of multigigabit broadband." 22i4u

By Press Trust of India | Updated: 14 February 2022 10:02 IST

Jio to Provide Satellite-Based Broadband Services in India in Partnership With SES

Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake respectively k1u2o

Highlights

The t venture will use multi-orbit space networks
"The t venture will be the vehicle for providing SES's satellite data
Two companies have formed a t venture, Jio Space Technology Limited

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Digital services company Jio Platforms on Monday announced a t venture with Luxembourg-based SES to provide satellite-based broadband services in India, a t statement said.

The two companies have formed a t venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake respectively.

"The t 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.

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"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," the statement said.

The t 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.

"Jio, as an anchor customer of the t venture, has entered into a multi-year capacity purchase agreement, based on certain milestones along with gateways and equipment purchase with total contract value of circa $100 million (roughly Rs. 750 crore)," according to the statement.

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Jio Director Akash Ambani said, "while we continue to expand our fibre-based connectivity and FTTH business and invest in 5G, this new t venture with SES will further accelerate the growth of multigigabit broadband." He further added that "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."

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