You are here: Home » Companies » News
Reliance Jio's 5G plan treads the line between optimism and realism
Business Standard

Space wars: Mittal, Musk bet on satellite broadband as telecom's new star

Mittal is planning to invest $2 billion on a once bankrupt low earth orbit constellation satellite company OneWeb to put up more satellites

Topics
Sunil Mittal | Elon Musk | Tesla

Surajeet Das Gupta  |  New Delhi 



Rocket
Taking on Mittal will be the formidable tech entrepreneur Elon Musk whose competing broadband offering through Starlink is much ahead of its rival

Space wars are here again, but with a difference. Pitted on one side is India’s telecom czar who has taken a big gamble by buying a 50 per cent stake in the once bankrupt low earth orbit constellation satellite company OneWeb. The company, Bharti Global, is planning to invest $2 billion (of which it has already put in $500 million) to put up more and it has set a stiff deadline to launch its commercial internet services by October next year in the UK, Alaska, northern Russia and northern Europe.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, December 11 2020. 06:10 IST

RECOMMENDED FOR YOU

.