Reliance Jio could gain landing rights and market access to launch gigabit speed fibre services based on satellite technology.
Economic Times (ET) reported, satellite regulator the Indian National Space Promotion and Authorisation Centre (IN-Space) received all the necessary documentations from Reliance Jio and permissions will be provided soon, according to sources speaking to the publication.
IN-Space chairman Pawan Goenka told ET: “We don’t comment on the status of approvals of specific companies…all I can say is that several applications for IN-SPACe authorisations are in the pipeline.
Jio Platforms and satellite company SES signed a joint venture last year to deliver broadband connectivity through satellites, to compete against Eutelsat OneWeb, Starlink, Amazon’s Project Kuiper and Tatas.
IN-Space recently forcast the Indian satellte market could be worth US$40 billion by 2033 and take 8% market share up for the current 2%.