Key facts
- Jio Platforms plans to build its own low-Earth-orbit satellite network.
- The satellite network is intended to compete with Starlink in India.
- Jio's proposal includes 1,600-1,650 satellites.
- Jio is exploring organic and inorganic growth options for the satellite network.
- Reliance Industries is launching new AI services.
- The AI services include an AI assistant for phone calls.
- An enhanced MyJio app is part of the AI service rollout.
- A home display device is also being introduced.
- The aim is to establish India as a leader in AI development and adoption.
Jio Platforms, a company under the control of billionaire Mukesh Ambani, is reportedly planning to establish its own low-Earth-orbit (LEO) satellite constellation. This initiative is intended to directly compete with Elon Musk's Starlink service within India. The proposal submitted by Jio outlines a network comprising 1,600 to 1,650 satellites. The company is actively investigating various avenues for growth, including both internal development (organic) and potential acquisitions or partnerships (inorganic).