Reliance Jio has partnered with SES, a Luxembourg-based satellite solutions provider to form a new initiative – Jio Space Technology Limited. The joint venture is aimed at delivering the next generation scalable and affordable broadband services in India by making use of satellite technology. Jio and SES will own 51 percent and 49 percent each in the equity stake. The technology will use multi-orbit space networks – that is, a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of delivering multi-gigabit links and capacity to companies.
“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.
Jio Director Akash Ambani said, “while we continue to expand our fibre-based connectivity and FTTH business and invest in 5G, this new joint 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.”