Reliance Industries-owned Jio Platforms and SES on Monday announced a joint venture for satellite-based broadband services. Luxembourg-based SES is a leading global-satellite based content connectivity provider on Monday

Jio plan platform will own a 51% stake and SES will own a 49% stake in the joint venture firm, Jio Space Technology Limited.

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“The joint venture will use multi-orbit space networks that is a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul and retail customers across the length and breadth of India and neighbouring regions,” RIL said in a statement today.

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The joint venture will be the vehicle for providing SES’s satellite data and connectivity services in India, except for certain international aeronautical and maritime customers who may be served by SES.

Reliance Industries said that it will have availability of up to 100 Gbps capacity from SES and will hold Jio’s premiere position and sales reach in India to unlock market opportunity.

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As part of an investment plan, the joint venture will develop extensive gateway infrastructure to provide services in India. “Jio, as an anchor customer of the joint venture, has entered into a multi-year capacity purchase agreement, based on certain milestones along with gateways and equipment purchase with a total contract value of circa $100 million,” the statement added.

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The Jio Space Technology Ltd will leverage SES-12, O3b mPOWER, next-generation MEO constellation and SES’s high-throughput GEO satellite serving India to expand Jio’s terrestrial network and increase access to digital services and applications. Jio will provide managed services and gateway infrastructure operation services to the joint venture.

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Akash Ambani, Director, Jio Platforms said the SES will further accelerate the growth of multi-gigabit broadband along with the expansion of fibre-based connectivity, FTTH business and 5G. With satellite communications services, Jio will be able to reach the remote towns and villages, enterprises, government organizations and consumers to the new Digital India.

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SES is a leading provider of satellite-based content connectivity solutions and is listed on Paris and Luxembourg stock exchanges. SES has over 70 satellites in two different orbits, providing video and data services to customers across the world. Through a series of acquisitions, SES has expanded its business across Europe, the US, India, Brazil, Mexico, Kenya, South Africa, Indonesia, The Philippines, Malaysia and Australia.