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Mukesh Ambani may lose ‘next-gen internet’ race, big win for Sunil Mittal’s massive investment

November 24, 2023
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Mukesh Ambani may lose ‘next-gen internet’ race, big win for Sunil Mittal’s massive investment
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The new satellite based internet service will put Mukesh Ambani and Sunil Bharti Mittal directly against Elon Musk who owns Starlink.

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As per a report by the Economic Times, Mittal backed satellite firm OneWeb India has secured approval to launch Eutelsat OneWeb’s commercial satellite broadband services in the country from Indian National Space Promotion and Authorization Centre (IN-SPACe). For those who are unaware, it is necessary to get IN-SPACe approval, GMPCS licence and spectrum from DoT to offer satcom services in India.

Mittal backed OneWeb has now become the first company to receive approval from IN-SPACe, giving it an edge over Mukesh Ambani’s Jio which has partnered Luxembourg SES Satellites. The new satellite based internet service will put Mukesh Ambani and Sunil Bharti Mittal directly against Elon Musk who owns Starlink, which is one of the most popular providers of satellite internet all across the globe.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.

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