‘Bharti’s OneWeb should not underestimate Jio satellite’
The satellite communications market in India is at a nascent stage but the potential is substantial, particularly in rural and remote areas. As per an EY-ISpA report, India’s space economy is set to rise to $13 billion by 2025, growing at a CAGR of 6%. “I think they (Starlink) should come. In the US, there is an opportunity for Starlink, let them come in, they need to figure out what their business model in India could be,” said Oommen, referring to global competition.
Bharti Group-backed OneWeb should not underestimate the competition from Jio’s satellite services that has already set up a gateway and demonstrated 1 Gbps broadband connectivity which can’t be matched by competition any time soon, a top Jio executive said.