Reliance Jio Infocomm's satellite unit has received a letter of intent (LoI) from the Telecom Department for satellite communication services, according to industry sources. The LoI was issued to Jio Satellite Communications Ltd (JSCL) on Monday, sources informed. An email sent to Reliance Jio for comments did not elicit a response. Sources, meanwhile, said the Department of Telecom (DoT) has granted Letter of Intent for global mobile personal communication by satellite (GMPCS) services to the company. With this, the company can set up and operate the GMPCS services in the licensed service areas. The licences are for a period of 20 years (from the date of its grant after fulfilling stipulated conditions). The offering under GMPCS include voice and data services via satellite. These mobile satellite networks can operate with low-earth orbit (LEO), medium Earth orbit (MEO) and Geosynchronous (GEO) satellites. On February 14 this year, Mukesh Ambani's conglomerate had announced a jo
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Sources say that Airtel is planning a similar launch of 5G in most of the same cities from October onwards
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Jio, with 36 per cent market share, is the number one player in the segment
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Analysts at Jefferies said Jio's approach to 5G has striking similarities to its approach to 4G with the company investing aggressively-potentially ahead of time-to create a state of art network
Future technology, new energy, retail-the diversified conglomerate's strategy is seen positively by markets
Unlike Jio, Airtel won't go for FWA unless the cost of 5G routers dips below $50
Experts say the partnership will give JioMart access to over 487 million WhatsApp users in India. Experts say that the total annualised active e-commerce users in the country are only 200 million.
Analysts said that though the company is set to embark the journey of new growth opportunities in telecom, and new energy areas, it may lead to increase in near-term debt, and weaken the return ratios
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Jio is working with Google to develop an affordable 5G-enabled phone and also tied up with Qualcomm to build solutions and infrastructure for 5G services in India and abroad