Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has received a letter of intent (LoI) for its satellite unit from the Telecom Department for satellite communication services. The LoI was issued to Jio Satellite Communications (JSCL).
The Department of Telecom (DoT) has granted Letter of Intent for global mobile personal communication by satellite (GMPCS) services to the company. With this, the company can set up and operate the GMPCS services in the licensed service areas. The licences are for a period of 20 years (from the date of its grant after fulfilling stipulated conditions). The offering under GMPCS include voice and data services via satellite.
These mobile satellite networks can operate with low-earth orbit (LEO), medium Earth orbit (MEO) and Geosynchronous (GEO) satellites.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1302.50 |
| Indian Oil Corpn. | 139.05 |
| Bharat PetroleumCorp | 311.65 |
| HPCL | 395.70 |
| MRPL | 160.20 |
| View more.. | |
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