Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

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

admin by admin
October 13, 2024
in Stock
0
Ambani’s Reliance lobbies India minister on satellite spectrum in new face-off with Musk
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

By Aditya Kalra and Aditi Shah

NEW DELHI (Reuters) – Indian billionaire Mukesh Ambani’s Reliance has privately argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated by New Delhi and not auctioned, intensifying a face-off with Elon Musk’s Starlink.

How spectrum for satellite services in India will be given out has been a contentious issue since last year.

Musk’s Starlink and its global peers like Amazon (NASDAQ:AMZN)’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.

The current dispute is over interpretation of Indian law that some in the industry say paved the way for the allocation of spectrum last year as Musk wanted.

But Reliance is arguing no provisions are in place for satellite broadband services for individual or home users, industry sources said on Sunday.

The telecom regulator, TRAI, is currently holding a public consultation but Reliance in a private Oct. 10 letter asked for the process to be started afresh as the watchdog has “pre-emptively interpreted” that allocation is the way forward, not auction.

“TRAI seems to have concluded, without any basis, that spectrum assignment should be administrative,” Reliance’s senior regulatory affairs official Kapoor Singh Guliani wrote in the letter to India’s telecoms minister, Jyotiraditya Scindia.

TRAI has in its consultation paper indicated Indian laws mandate allocation of spectrum for such services without conducting any studies, Reliance added in its letter, which is not public.

Reliance and the telecoms ministry did not immediately respond to requests for comment.

A senior TRAI official said on Sunday that due process is being followed and Reliance is welcome to share feedback during the consultation period.

The recommendations of the watchdog will form the key basis for the government’s decision on the matter.

Deloitte says India’s satellite broadband service market will grow 36% a year to reach $1.9 billion by 2030.

Tesla (NASDAQ:TSLA) boss Musk is keen to launch Starlink in India, though a final decision on spectrum allocation remains a sticking point.

Starlink argues administrative allotment of licences is in line with a global trend. Reliance says an auction is needed for a level-playing field as foreign players could offer voice and data services and compete with traditional players, Reuters has reported.

Reliance’s Jio is India’s No. 1 telecoms player with 480 million users.

This post appeared first on investing.com

Previous Post

Exclusive-Maldives picks Centerview as debt adviser amid financing crunch

Next Post

Earnings call: VOXX International reports debt reduction and restructuring efforts

admin

admin

Next Post
Earnings call: VOXX International reports debt reduction and restructuring efforts

Earnings call: VOXX International reports debt reduction and restructuring efforts

Trending News

US stocks may end 4-day losing streak on Thursday as Nasdaq, S&P futures jump

US stocks may end 4-day losing streak on Thursday as Nasdaq, S&P futures jump

January 2, 2025
Kenya terminates Adani Group deals after US bribery allegations against Gautam Adani

Kenya terminates Adani Group deals after US bribery allegations against Gautam Adani

November 21, 2024
FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

July 26, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.