Get All Access for $5/mo

Reliance Jio Gets DoT Nod For Satellite Communication Services With the license, the company can set up and operate the GMPS services in the licensed service areas which is valid upto 20 years

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Jio Twitter handle

Department of telecommunications (DoT) gave a letter of intent (LoI), on September 12, to Reliance Jio infocomm's Satellite unit to start high-speed broadband-from-space services, as per reports. It is also reported that Jio Satellite Communication Ltd (JSCL) had applied for a global mobile personal communications by satellite services license earlier this year, will shortly be issued a letter of intent by the DoT. This would make JSCL the second company after OneWeb to secure this license to offer broadband services through satellites.

With this license, the company can set up and operate the GMPS services in the licensed service areas. The license is valid for a period of 20 years, from the date of its grant after satisfying stipulated conditions. The GMPCS offers voice and data services through satellite.

Earlier this year, Jio platforms had announced a joint venture with Luxembourg-based SES to provide the satellite-based broadband services in India. Jio Space Tech is developing significant gateway infrastructure in the country and will leverage the medium earth orbit (MEO) and geostationary (GEO) satellite constellations.

Reports said that we will get to see strong competition in the space broadband sector in the upcoming years because many private companies are likely to enter in the market. The companies that are said to intensify the competition in serving the world's second largest telecom market are Jio, Bharti-backed OneWeb, Nelco (Tata group satcom company), Canada's Telesat, Elon Musk's SpaceX and Amazon's Project Kuiper.

As per market studies, the global broadband services market size was valued at $385.5 billion in 2021 and is expected to grow at a CAGR of 9.6 per cent from 2022 to 2030.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Ixigo Parent Le Travenues Announces IPO Opening Date and Details

With holdings of 23.37 percent and 15.66 percent, respectively, SAIF Partners and Peak XV are the company's largest shareholders.

Business News

The Most Downloaded News App in the U.S. May Have Published Dozens of Fake, AI-Written Stories

The stories were fake but had real-world consequences for the app's 50 million monthly users.

Growing a Business

Stand Out From the Competition by Learning a New Language with Babbel, now $150

Expand your reach, navigate international markets, and thrive in a globalized economy.

Money & Finance

How to Secure Unbiased Financial Advice — A Guide for Busy Entrepreneurs

The article highlights that business success requires hard work and execution, but true financial success needs unbiased advice. Traditional wealth-management models often have conflicts of interest.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Career

Gen Z is Losing Faith In the College Degree — Here's 3 Reasons Why It's Still Important For Them

A college degree may not be essential for success but here are three crucial reasons you should encourage your Gen Z kids to still get one.