Categories: Agreements

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

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:

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

Find More News Related to Agreements

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Gurindervir Singh Becomes Fastest Indian Sprinter with Historic 10.09-Second 100m Run

India's Gurindervir Singh became the fastest ever Indian sprinter as he clocked an incredible 10.09…

17 hours ago

The Last Dance at FIFA World Cup 2026? Football Icons Who Will Play Last World Cup

As the hype around the 2026 FIFA World Cup is growing day by day and…

19 hours ago

FIFA World Cup 2026 Squads: Full List of All Teams and Confirmed Players

Countdown for the most exciting sports tournament in the world has officially begun. Fans across…

20 hours ago

Former India All-Rounder Vijay Shankar Retires from Domestic Cricket and IPL

Former India and Tamil Nadu all rounder Vijay Shankar has announced his retirement from domestic…

2 days ago

RBI’s Highest-Ever ₹2.87 Lakh Crore Surplus Transfer Strengthens Government Finances

The Reserve Bank of India (RBI) has announced the record ₹2.87 lakh crore surplus transfer…

2 days ago

Government Plans High-Powered Demography Mission to Tackle Illegal Immigration and Strengthen Border Security

Indian central government is preparing to launch the major national initiative called the High-Powered Demography…

2 days ago