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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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:
In a historic infrastructure decision, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime…
Did you know there is a country in the world whose identity is closely linked…
In a major push to urban infrastructure, the Union Cabinet chaired by Prime Minister Narendra…
Prime Minister Narendra Modi inaugurated major infrastructure projects in Assam, including the Kumar Bhaskar Varma…
Did you know India is often called the land of spices? From ancient trade routes…
Union Cabinet chaired by Prime Minister Narendra Modi has approved the Startup India Fund of…