There's a billionaire showdown that’s heating up in India’s tech space. It’s Elon Musk vs. Mukesh Ambani, and the battleground? India’s satellite broadband market!
You see, Musk's Starlink is already a global player, providing satellite internet using thousands of small satellites orbiting at 482 kilometers above the Earth.
Starlink promises lightning-fast speeds and low latency, all without the need for ground infrastructure like towers or fiber cables. Sounds futuristic, right?
But not so fast! India’s biggest telecom giants, Reliance Jio and Airtel, are not backing down.
They too want a slice of the booming satellite broadband market, expected to grow 36% annually and hit a whopping $1.9 billion by 2030!
Now here’s the twist—India’s government is taking a new approach. Instead of auctioning the satellite spectrum as it did with 4G and 5G, it plans to allocate the spectrum administratively.
Telecom Minister Jyotiraditya Scindia has made it clear—pricing will be decided by TRAI, India’s telecom regulator.
Also Watch: Tokyo Metro IPO: Why People Are Buying Subway Shares for Free Noodle Toppings
This decision has sparked a heated debate! Musk supports this move, calling it ‘in line with global trends.’ But Mukesh Ambani’s Reliance Jio? Not so much.
They argue that an auction is necessary to keep the playing field level, especially with foreign giants like Starlink in the mix.
Starlink claims that administrative allocation is fair, but Jio counters it would give Starlink an unfair advantage, even calling it a violation of ITU rules. Things are getting spicy!
So why should you care? Well, satellite broadband could revolutionize India’s internet landscape. It’s perfect for remote areas where fiber optics are difficult to install, and it’s a game-changer for the Internet of Things—from smart homes to connected devices.
This is shaping up to be a billionaire battle that could define the future of India’s internet. Will Musk’s Starlink take over, or will Ambani’s Jio secure its dominance?
Also Watch: Paytm Stock: Buy After NPCI Relief? | Citi’s Call Explained