Reliance Jio Platforms to form joint venture to offer satellite-based broadband services | Techno Glob

Reliance Industries Ltd (RIL) on Monday announced that Jio Platforms Ltd (JPL) and global satellite-based content communication solutions provider SES have formed a Joint Venture (JV) for satellite-based broadband services. Jio Platforms owns 51% of the joint venture Jio Space Technology Limited and SES 49%.

“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 connections and capacity to enterprise, mobile backhaul and retail customers. breadth of India and neighboring regions,” RIL said in an exchange statement today.

The joint venture will be SES’ satellite data and connectivity provider in India, except for certain international aeronautical and maritime customers served by SES.

In addition, it will acquire 100 Gbps capacity from SES and leverage Jio’s premier position and sales in India to unlock market opportunity, the Mukesh Ambani-led conglomerate added.

“As part of the investment plan, the joint venture will develop a comprehensive gateway infrastructure in India to provide services within the country. Jio, as the lead 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,” the statement added.

The joint venture will combine SES-12, SES’s high-throughput GEO satellite serving India, and O3b mPOWER, SES’s next-generation MEO constellation, to expand and complement Jio’s terrestrial network, expanding access to digital services and applications. Jio will offer managed services and gateway infrastructure operations to the joint venture, he added.

In January this year, Jio’s rival Airtel announced a joint venture with Hughes Communications India to offer flexible and scalable enterprise networking solutions using satellite connectivity for satellite broadband services, primary transport, backup and hybrid implementations in India.

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