Jio Platforms announced a joint venture with SES to provide the next generation of affordable broadband services in India. Jio Platforms Limited and SES will own 51 per cent and 49 per cent equity stake each in the joint venture, RIL said in a regulatory filing. “The joint venture will be the vehicle for providing SES’s satellite data and connectivity services in India. It will have availability of over 100 Gbps from SES and will leverage Jio’s position and sales reach in India to open this market opportunity,” the official statement said.
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“While we continue to expand our fibre-based connectivity and FTTH business and invest in 5G, this new joint venture will accelerate the growth of multi-gigabit broadband. With extra coverage and capacity offered by satellite communications services, Jio will be able to connect the towns and villages, enterprises, government establishments, and consumers to the new Digital India,” Akash Ambani, Director of Jio Platforms said.
