Reliance, Ambani's group, breaks silence on Musk and states that Jio is awaiting the same authorizations
Article excerpt
(Automatic translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto) * Reliance says it welcomes competition, including from Starlink * This statement comes days before a $108 billion IPO of a Reliance subsidiary * Musk has accused Ambani of blocking Starlink's launch in India * Starlink says it is ready to launch services in India with infrastructure in place (Addition of Musk's comment in paragraph 8) by Munsif Vengattil Reliance, the company of Indian billionaire Mukesh Ambani, said it welcomed competition from Elon Musk's Starlink and that its own satellite services were also awaiting regulatory clearance. This is its first response to accusations that Mr. Ambani is blocking Starlink's launch in India. Musk, the world's richest person, has repeatedly accused the Indian government and Ambani of thwarting Starlink's years-long efforts to launch in a market with over one billion internet subscribers. India has denied any bias in its authorization process. The statement released on Friday, which did not mention Musk, comes days before Jio Platforms, the digital subsidiary of Reliance Industries RELI.NS, targets a $108 billion valuation in what is set to be India's largest-ever initial public offering. Jio brings together Reliance's telecom arm, which has over 530 million customers and is a potential...
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Starlink responded on Friday by stating that it had been working with Indian regulators and the industry for over five years and had set up dedicated systems, gateways, and other infrastructure in the country with the required government approvals.
