Business
The new satellite based internet service will put Mukesh Ambani and Sunil Bharti Mittal directly against Elon Musk who owns Starlink.
TRENDING NOW
Delhi’s air quality ‘severe’ again; check AQI of Noida, Ghaziabad, Gurugram, Faridabad
Yash Chopra got angry at Rani Mukerji on sets of Veer Zaara as she laughed after watching Shah Rukh Khan with…
Tata Motors to make a profit of Rs 2,279 crore from Tata Tech IPO, invested just Rs…
Not only Orry, but this famous internet sensation will also reportedly enter Bigg Boss 17 as wildcard contestant
This blockbuster was rejected by Akshay, Salman, Anil; distributors refused to buy the film, became turning point of…
Viral video: Groom stuns social media with lavish Rs 20 lakh currency note garland at wedding
Weather update: IMD predicts heavy rainfall in several districts of Tamil Nadu, check detailed forecast here
Ranbir Kapoor reveals why Anil Kapoor was missing from Animal trailer launch in Delhi
Meet ex-cricketer who quit IPL dream to build Rs 100 crore company backed by Malaika Arora, Shahid and Mira Kapoor
Jamie Foxx denies sexual assault allegations, plans to counter sue accuser: ‘The claims are no more…’
CBSE Class 10, 12 Board Exams 2024: Major update about exam date sheet that students must know
Viral video: Fearless teen and elderly man team up to rescue massive python, watch
Apple iPhone 14 available at Rs 27,499 on Amazon after Rs 42,401 off, cheaper than Flipkart sale
Afghanistan announces permanent closure of its embassy in India, here’s why
Mukesh Ambani may be left behind in the race of satellite-based internet services in India as his rival in the telecom sector Sunil Bharti Mittal is sprinting ahead with his multi-million dollar investment. Mukesh Ambani is dominating the Indian internet market through its Reliance Jio subsidiary and the richest man in India is gearing up to launch satellite broadband service like Elon Musk’s Starlink. The Ambani-owned satellite-based giga fiber service called JioSpaceFiber aims to provide high speed broadband services to previously inaccessible geographies within the country. Until now, it was believed that Mukesh Ambani will be the first one to do that but in a major push to Sunil Bharti Mittal, a low earth orbit (LEO) satellite firm backed by him has received necessary regulatory approvals.
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.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : DNAIndia – https://www.dnaindia.com/business/report-mukesh-ambani-may-lose-next-gen-internet-race-big-win-for-sunil-mittal-s-massive-investment-3069409