Jio Space Technology Limited
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Jio Space Technology Limited - overview
Established
2021
Location
Ahmedabad, Gujarat, India
Primary Industry
Telecoms
About
Founded in 2021, and based in Ahmedabad, India, Jio Space Technology Limited operates as a telecommunication company. In February 2022, Jio Platforms Limited formed Jio Space Technology Limited with SES S. A with Jio Platforms having a 51% majority stake and SES S. A.
, having a 49% minority stake in the company. Jio Space Technology Limited provides broadband services through satellite technology. The company uses multi-orbit space networks that are a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations to deliver multi-gigabit links and capacity to enterprises, mobile backhaul, and retail customers. The company provides SES’s satellite data and connectivity services with a capacity of up to 100 Gbps.
The formation will allow Jio Space Technology Limited to expand and complement its broadband and mobile networks. The company also plans to accelerate Jio Platforms Limited's growth of multigigabit broadband and connect remote towns and villages, enterprises, government establishments, and consumers to cities. The company also plans to use SES-12 Geo satellite and O3b mPOWER, MEO constellation to extend Jio’s terrestrial network and to increase access to digital services.
Current Investors
SES S.A., Jio Platforms Limited
Primary Industry
Telecoms
Sub Industries
Internet Service Providers, Cable Service Providers
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Jio Space Technology Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Jio Space Technology Limited | - |
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