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After taking the lead in the telecom services segment on the ground, IPO-bound Jio is now looking to step up its game in connectivity from the skies with indigenous communications satellites, Jio Platforms managing director Akash Ambani said on Friday. At present, the satellite communications segment is dominated by foreign companies like Elon Musk-led Starlink and French service provider Eutelsat. "Jio connected India on the ground. Now, we must connect India from the skies. There are still remotest villages, island communities, and border outposts where the Jio network cannot reach. For them, satellite connectivity will be the bridge to the rest of India. Jio is evaluating the development of a sovereign Low Earth Orbit satellite constellation for India," Ambani said. While speaking at the 49th Annual General Meeting of Reliance Industries Limited, he said Jio is also partnering with a global constellation for leasing satellite capacity. "We are also partnering with the leading ..
Digital services company Jio Platforms has appointed Akash Ambani as managing director of the company ahead of its initial public offering, according to a regulatory filing. Jio Platforms is expected to file draft papers for its Initial Public Offering (IPO) by the end of May or in June. "Akash M Ambani...appointed as managing director of the company, for a period of 5 years with effect from April 9, 2026," the filing dated May 7 said. Ambani has been on the board of Jio Platforms' telecom arm Reliance Jio Infocomm (RJIL) since October 2014. In June 2022 , he was elevated to the position of Chairman of RJIL. During his tenure, Jio achieved the feat of crossing the 100 million subscriber mark in less than six months of its launch in 2016. The company posted profit of over Rs 30,000 crore and revenue of Rs 1.46 lakh crore for fiscal year 2026.