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Reliance Jio Infocomm

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Reliance Jio’s introduction of JioSpaceFiber, a satellite broadband service, has rocked the telecom landscape. Offering gigabit speed connectivity even in remote Indian locations, this innovation brings affordable online engagement to all. Leveraging SES’ medium Earth orbit satellites, the joint venture holds the potential to transform India’s digital reach. Yet, this ambition is not without competition.

Reliance Jio Infocomm is arming itself with a significant offshore loan around $2 billion to fuel its 5G ambitions, with sources pointing towards Swedish telecom giant Ericsson as a potential gear supplier. A noteworthy credit safety net from Sweden’s EKN credit agency plays a crucial role in this strategic play, while banking behemoth BNP Paribas is slated to disburse a massive chunk of the offshore funding.