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Reliance Welcomes Starlink Rivalry in India

Reliance stated it welcomes competition from Starlink and awaits the same regulatory clearances. The response follows public remarks from Elon Musk regarding market access ahead of Jio's upcoming IPO.

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Chairman and managing director of Reliance Industries Mukesh Ambani speaks during the Vibrant Gujarat Global Summit, at the Mahatma Mandir in Gandhinagar, Gujarat, India January 10, 2024. REUTERS/Amit Dave

RELIANCE INDUSTRIES LIMITED stated on Friday that its satellite services await regulatory clearances alongside competitors like Starlink, addressing accusations of blocking the firm's entry. The statement comes as digital unit Jio Platforms prepares for a $108B IPO in India. The conglomerate maintains it welcomes competition as it builds out its telecommunications infrastructure for millions of users.
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