Reliance Unveils Major Moves at Shareholder Meeting
At its annual shareholder meeting on Friday, Reliance revealed two significant developments:
- Paperwork for India’s potential biggest stock-market listing
- Plan to launch a Starlink competitor into orbit
Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, has filed draft papers for an initial public offering (IPO) that is widely anticipated to... By 2026, Reliance has made significant strides in its plan to launch a Starlink-like satellite internet service. At the shareholder meeting, the company revealed detailed progress on its satellite constellation project, codenamed 'JioSat'. This initiative aims to provide high-speed internet connectivity across rural and underserved areas of India, bridging the digital divide. With the support of global telecom partners, Reliance is poised to offer competitive pricing and improved network coverage compared to traditional landline and mobile options. The company's aggressive timeline suggests a potential launch as early as next year, making it a key player in India's burgeoning satellite internet market. Read the full story on The Next Web [The rest of the story continues at The Next Web]