Indian market open to entry of more satcom firms: Scindia on Musk's visit

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Indian market open to entry of more satcom firms: Scindia on Musk's visit - Business Standard

Quick Summary:

Starlink, which had been vying for an India licence for sometime now, last month signed pacts with Ambani's Reliance Jio and Mittal's Bharti Airtel -- which together control more than 70 per cent of the country's telecom market -- to bring the US satellite internet giant's services to India.

The government has already granted licences to firms backed by billionaires Mukesh Ambani and Sunil Bharti Mittal to offer satellite internet services, and Scindia indicated more may be granted if players meet security and regulatory norms.

Telecom Minister Jyotiraditya Scindia on Tuesday threw his weight behind having more players in satellite internet space, saying the service was needed particularly in the rural and underserved areas of the vast market that is India.