Brief by Shorts91 Newsdesk / 10:34am on 23 Oct 2024,Wednesday Business
Elon Musk and Mukesh Ambani are intensifying their competition in India's satellite broadband market. The Indian government recently announced that satellite spectrum would be allocated administratively rather than through an auction, escalating the rivalry. Musk has criticized the auction model that Ambani supports. Satellite broadband offers internet access across wide coverage areas, making it ideal for remote and rural regions lacking traditional services like DSL or cable. This technology is crucial for bridging the digital divide. India's telecom regulator has not yet announced spectrum pricing, and commercial satellite internet services are still pending, but subscribers are projected to reach two million by 2025.
