Skip to content
Search

Latest Stories

Amazon to apply for satellite communication license in India

Amazon has been actively working on this strategic initiative for almost two years

Amazon to apply for satellite communication license in India

AMAZON is in the final stage of applying for an operating license for its satellite communication (satcom) service, Project Kuiper, in India, reported the Mint.

It will provide 'fast, affordable broadband to unserved and underserved communities around the world,' with a constellation of more than 3,200 satellites in low Earth orbit (LEO).


This move follows in the footsteps of Elon Musk's Starlink, signaling a growing competition in the satellite communications industry in the country.

Sources close to the matter have revealed that Amazon is in advanced discussions with the Department of Telecommunications (DoT) to address potential challenges before formally applying for the license.

"Amazon plans to lodge the license application shortly and is hopeful of securing approval," a source told the media outlet.

The issuance of the license would empower companies to offer satellite-based internet services, benefiting sectors such as maritime and aviation communications.

An Amazon spokesperson emphasised the company's commitment to collaborating with the Indian government and local authorities to address connectivity gaps nationwide.

In the race for satellite internet dominance, competitors like Starlink and OneWeb, supported by Bharti Enterprises, have already entered the sector.

Additionally, Jio Satellite Communications, the satellite broadband subsidiary of Reliance Jio, obtained its license last year.

According to the report, Amazon has been actively progressing towards this strategic move for nearly two years.

Leveraging its extensive enterprise network, particularly through Amazon Web Services, the company aims to establish a significant presence in this rapidly growing market.

Currently, the sector is eagerly anticipating a clear resolution regarding the allocation of satellite spectrum.

While some support administrative allocation, others, such as Reliance Jio, are pushing for an auction-based approach.

This decision will significantly impact the competitive landscape within India's satellite communications industry.

More For You

modi-trump-getty
Trump shakes hands with Modi during a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)

Key issues in India, US trade talks

TRADE talks between India and the US have hit a roadblock over disagreements on duties for auto components, steel and farm goods, Indian government sources said to Reuters, dashing hopes of reaching an interim deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

Here are the key issues at play:

Keep ReadingShow less
Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less