On February 14, 2022, the Reliance Industries Ltd (RIL) announced that Jio Platforms Ltd (JPL) and SES have formed a Joint Venture (JV) for satellite-based broadband services.

Key Facts

• SES is a global satellite-based content connectivity solutions provider.
• Jio Platforms will own 51% while SES will own 49% in the JV firm.

About the Joint Venture

• The joint venture will use multi-orbit space networks, which is a combination of medium earth orbit (MEO) and geostationary earth orbit (GEO) satellite constellations.
• Multi-orbit space networks will be capable of delivering multi-gigabit links and capacity to enterprises, retail customers and mobile backhaul across the length and breadth of India and neighbouring regions.
• The JV will be the vehicle to provide SES’s satellite data and connectivity services across India, except for some international aeronautical and maritime customers who can be served by SES.
• It will also have availability of up to 100 Gbps capacity from SES.
• It will leverage Jio’s premiere position and sales reach in India, in order to unlock market opportunity.