Ambani's Reliance lobbies India on satellite spectrum in new face-off with Musk

  • Posted on October 13, 2024
  • By Yahoo News
  • 2 Views
Ambani's Reliance lobbies India on satellite spectrum in new face-off with Musk

NEW DELHI (Reuters) -Indian billionaire Mukesh Ambani's Reliance has argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated and not auctioned, a letter seen by Reuters shows, intensifying a face-off with Elon Musk's Starlink. The methodology of giving out spectrum for satellite services in India - a market set to grow 36% a year to reach $1.9 billion by 2030 according to Deloitte - has been a contentious issue since last year. Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation, while Ambani - Asia's wealthiest man who runs India's Reliance Jio - is arguing for an auction process.
continue reading...

Author
Yahoo News

You May Also Like