Reliance Jio has partnered with SES which is a Luxembourg-based satellite solutions provider to make a new initiative – Jio Space Technology Limited. The aim of this joint venture is to deliver the next generation scalable as well as affordable broadband services in India with the use of satellite technologies.
Jio will be holding 51 percent, whereas SES will be holding 49 percent each in the equity stake. A multi-orbit space network will be used by the technology. It is a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations that are capable to deliver multi-gigabit links and also, the capacity to customers.
