The foundation of Jio Space Technology Limited, a joint venture between Jio Platforms Limited (“JPL”), India’s top digital service provider, and SES, a global pioneer in satellite-based content connection solutions, was announced today.
venture that will use satellite technology to deliver next-generation scalable and affordable broadband services in India.JPL and SES will each possess 51 percent and 49 percent of the joint venture’s stock, respectively.
Multi-orbit space networks combine geostationary (GEO) and medium earth orbit (MEO) satellite constellations to supply multi-gigabit connectivity and capacity to businesses, mobile backhaul, and retail. customers across India and neighbouring regions, will be used by the joint venture.
Except for select international aviation and maritime customers who may be served by SES, the joint venture will be the vehicle for providing SES satellite data and communication services in India.
SES will deliver up to 100 Gbps of bandwidth, and Jio will take advantage of this market potential thanks to its dominant position and sales reach in India.
As part of its investment strategy to deliver services across the country, the joint venture would build significant gateway infrastructure in India.
Jio has signed a multi-year capacity purchase deal with the joint venture, based on specified milestones, as well as gateways and equipment purchases, with a total contract value of around $100 million. SES-12, SES’s high-throughput GEO satellite servicing India, and O3b mPOWER, SES’s next-generation MEO constellation, will be used to extend and complement Jio’s terrestrial network, allowing more people to access digital services and apps.
The joint venture would receive managed services and gateway infrastructure operations from Jio.Access to internet is critical for full participation in the new digital economy, as Covid-19 has proved.
This joint venture will serve as a catalyst for connecting India’s and the region’s unconnected areas to a broad spectrum of digital services, including remote health, government services, and distant learning.
“While we continue to grow our fiber-based connection and FTTH businesses and invest in 5G, this new joint venture with SES will speed the growth of multigigabit broadband,” says a company spokesperson. said Akash Ambani, Jio’s Director.
Jio will be able to connect the most remote towns and villages, corporations, government buildings, and consumers to the new Digital India thanks to the enhanced coverage and capacity provided by satellite communications services.
We’re looking forward to embarking on this new adventure, which will combine our vast reach and client base with SES’s innovative leadership and expertise in the satellite sector.”
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