Reliance says it welcomes satellite competition, including from Starlink
Reliance Industries said it welcomes competition in satellite broadband, including from Starlink, after Elon Musk escalated his criticism of the company.
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what happened
Reliance Industries said on Friday that it welcomes competition in satellite broadband, including from Starlink. The statement came days after Elon Musk intensified his criticism of the company led by billionaire Mukesh Ambani and called on it to let Starlink operate in India.
The reports do not give a timeline or conditions for a possible Starlink launch in the Indian market.
why it matters
For the market, this signals possible growth in competition in India's satellite internet segment, which could add pressure on tariffs and market shares. For Reliance investors, the key question is how such competition would affect its telecom business, but the sources contain no data on the impact on the company's financial results.
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