Jio Partners With SES To Provide Satellite-Based Broadband Services In India

New Delhi: Digital services company Jio Platforms on Monday announced a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India.

According to an official statement, the two companies have formed a joint venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 percent and 49 percent equity stake respectively.

''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,'' he added.

''It will have availability of up to 100 Gbps capacity from SES and will leverage Jio's premiere position and sales reach in India to unlock this market opportunity,'' he added.

As part of investment plan, the joint venture will develop extensive gateway infrastructure in India to provide services within the country.

As per the statement, Jio, as an anchor customer of the joint 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 US $100 million.

''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 links and capacity to enterprises, mobile backhaul and retail customers across the length and breadth of India and neighbouring regions,'' the statement added.

"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," said Jio Director Akash Ambani.

"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," he added.

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