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Reliance Jio ties up with SES for satellite-based broadband service

Reliance Jio ties up with SES for satellite-based broadband service 2022_50.1

Reliance Jio has tied up with Luxembourg-based satellite and telecom services provider SES to provide satellite-based broadband communication services in India. Under the agreement, Jio Platforms has formed a joint venture with SES, named as Jio Space Technology Ltd.

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The joint venture will deliver the next generation scalable and affordable broadband services in India, leveraging satellite technology. Jio Platforms Ltd will hold 51 per cent and SES will own a 49 per cent equity stake in the joint venture. The total value of the contract is around $100 million.

Important takeaways for all competitive exams:

  • Reliance Jio Founder: Mukesh Ambani;
  • Reliance Jio Founded: 2007, Ahmedabad.

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