India’s richest man Mukesh Ambani has beaten billionaires Elon Musk and Jeff Bezos in the race for satellite internet in India.
Ambani’s company that is Reliance Jio got important approval from the Indian space regulator. This is a big step for them to provide satellite internet in India.
The approval was given to a company called Orbit Connect India. Orbit Connect India is a partnership between Reliance Jio and a company from Luxembourg named Société Européenne des Satellites (SES).
This approval is a big deal because Musk and Bezos are also trying to enter the Indian satellite internet market.
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) gave the permission but they are still waiting for final approvals.
IN-SPACe chairman Pawan Goenka said another company Inmarsat also got approval to operate satellites in India.
He said: “Comparatively low pricing of communication services in India will compel global players to drive innovation to reduce their pricing. This is already being done in many industries, like automotive where multinational OEMs had to innovate to meet the expectations of Indian consumers of high performance and low cost.
