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After disrupting India’s telecom market, Jio now has its sights set on indigenous communications satellites for improved connectivity, Jio Platforms managing director Akash Ambani said on Friday.

India’s satellite communications segment is currently dominated by foreign companies like Elon Musk-led Starlink and French service provider Eutelsat, per an article in PTI.

While speaking at the 49th Annual General Meeting of Reliance Industries Limited, Ambani said Jio is also partnering with a global constellation for leasing satellite capacity.

Meanwhile, the board of Jio Platforms Ltd has approved filing draft papers for an initial public offering involving a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each.