Question: Recently Jio Platforms Ltd., (JPL) a digital service provider, has announced the formation of a new joint venture with which of the following company?
a) SES
b) Skyroot aerospace
c) Agnikul Cosmos
d) None of the above
Answer: (a)
Related Facts:-
- On 14 February 2022; Jio Platforms Ltd., (JPL) a digital service provider, and SES, announced the formation of a joint venture — Jio Space Technology Ltd.
- SES is a global satellite-based content connectivity solutions provider.
- The partnership has been created to deliver next generation scalable and affordable broadband services in India leveraging satellite technology.
- JPL and SES will own 51% and 49% equity stake in the joint venture respectively.
- The joint venture will use multi-orbit space networks that are a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations.
- It will be 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.
- The joint venture will be the vehicle for providing SES’s satellite data and connectivity services in India.
- It will also provide services for certain international aeronautical and maritime customers by SES.
- It will have availability of up to 100 Gbps capacity from SES and will leverage Jio’s premiere position and sales reach in India to unlock this market opportunity.
By – Rajesh Tripathi