Here's everything you need to know about the battle of billionaires between Mukesh Ambani and Elon Musk over the internet satellite service in India.
The richest person on the planet, Elon Musk is one of the most influential people in the world. Every now and then, the billionaire businessman tries to jump into new opportunities that can further extend his web of success. For the unversed, he is the founder of SpaceX, CEO of Tesla Inc., owner of Twitter, Co-founder of Neuralink, and the founder of The Boring Company. Elon Musk is running his businesses in different parts of the country.
The renowned entrepreneur, Elon Musk is much more focused towards his upcoming projects. One such project is launching Starlink in India. The billionaire is well aware of internet consumption in India compared to other countries, which is why he’s doing everything to get into the most populated country in the world. For the unversed, India ranks second with 658 million internet users in the list of countries with the most internet users. The list is topped by China, with 1.02 billion users.
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Looking at the number of internet users in India, no wonder why Elon Musk is doing everything in his power to make Starlink enter the Indian market. A major breakthrough in his long-lasting project happened when Elon met the honourable Prime Minister of India, Narendra Modi, on June 21, 2023, and the two talked about the former’s vision.
After his meeting with Narendra Modi, Elon Musk admitted that he is keen to launch Starlink in India. The billionaire businessman also added that his module can provide internet services to most of India’s remote villages that are still untouched by domestic internet providers. Elon’s aim and claim grabbed a lot of headlines as India already has a lot of competitors when it comes to internet service providers.
As per a report in Times Now, Elon Musk wants the Indian government to assign a license for the services that his company, Starlink is going to offer. The business magnate isn’t in favour of auctioning airwaves or signal-carrying spectrum. The stand isn’t new in India, as the Tatas, Amazon, and Sunil Bharti Mittal’s firm are also in favour of Elon Musk’s advice.
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India’s richest man, Mukesh Ambani is dominating the internet service with Reliance Jio Fiber. As per multiple reports, Ambani doesn’t favour Elon Musk’s approach of licensing the services instead of auctioning the spectrum. As things stand, a battle is on the cards between Mukesh Ambani’s Reliance Jio and Elon Musk’s Starlink.
According to a report in the Economic Times, Elon Musk clearly stated that if the Indian government will not accept his advice to provide a license, then it wouldn't be possible for him to enter into the Indian market with Starlink. The Tesla owner further explained how the auctioning of the spectrum would impose geographical restrictions and its direct impact will be on the price of the services. Hence, in the end, it will be the consumers who will suffer.
If the reports are to be believed, Mukesh Ambani is doing everything to make the government understand why they shouldn’t accept the demands of a foreign satellite service provider. The billionaire wants to create a level of playing field with the process of auction so that everyone can compete gracefully in the country with the second most internet users in the world. It will be interesting to see how things unfold in the coming future. However, one thing is clear, the rivalry between the world’s richest man, Elon Musk and India’s richest man, Mukesh Ambani, is all set to turn ablaze.
What are your thoughts on Elon Musk’s dream to enter India as an internet service provider with Starlink? Do you think Mukesh Ambani’s Reliance Jio Fiber can compete with it? Let us know.
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