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SES and Reliance Jio announce Joint Venture to deliver High performance satellite based broadband services in India

Published Monday February 14 2022

A new Luxembourg-India cooperation was launched today between the Luxembourg headquartered, SES and the Indian telecom major, Reliance Jio . The aim of their joint venture, Jio Space Technology Ltd. is to deliver next generation scalable and affordable broadband services in India leveraging satellite technology. SES will be owning 49% equity stake and Reliance Jio will be owning 51%.  

The joint 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. 

Mr. Steve Collar, CEO of SES said, “This joint venture with JPL is a great example of how SES can complement even the most extensive terrestrial networks to deliver high-quality connectivity, and positively affect the lives of hundreds of millions of people. We look forward to this joint venture whereby we can play a role in promoting digital inclusion in India.”

Mr. Akash Ambani, Director of Jio, 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. 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. We are excited about this new journey combining our massive reach and customer base with SES’s innovative leadership and expertise in the satellite industry.”

Read the Press Release :