BUSINESS
The rivalry between Elon Musk and Mukesh Ambani escalated when Musk replied to a meme of Ambani saying he will…
Elon Musk and Mukesh Ambani are locked in a bitter contest in India over the allocation of satellite broadband spectrum, which has recently intensified. The conflict lies in whether the Indian government should offer the satellite broadband spectrum through an auctioning system or through administrative means.
Musk, who leads SpaceX and founded Starlink, called the auction plan “unprecedented” and said it violates the ITU’s rules on sharing this spectrum for satellites. He also voiced his concerns on social media postings that came with the need to ensure that the allocation process was logical and well-organised.
While Ambani’s Reliance, Jio has been pushing for an auction system, stating that it will make the field competitive against global players such as Starlink. The truth, according to Jio, is that an auction would ensure that international companies do not capture a monopolistic market in India, which has already seen telecom companies investing in their networks. The risk is high; the satellite broadband market in India is expected to be growing at an average of 36% annually and can reach up to USD 1.9 billion by 2030.
Why is Indian billionaire Mukesh Ambani afraid of Elon Musk? Is he worried about Starlink's entry into India disrupting his telecom empire? pic.twitter.com/GJiXztmJDg
— DogeDesigner (@cb_doge) October 14, 2024
It escalated when Musk replied to a meme of Ambani saying he would call to find out if Starlink could compete in India. After Musk’s comments, the Indian government said it will use administrative means instead of auctions to assign the spectrum, a move that seems to put the balance in Musk’s favour.
Proliferation of Starlink services in the rural areas of India is an example of Musk’s strategy for the development of internet connectivity where it is scarce. On the other hand, Ambani’s Reliance is keen on lobbying for laws that they consider will level the playing field in the expanding market. While this corporate rivalry plays out, it poses pertinent issues on resource management and regulatory policies in the emergent telecom sector in India.
Zoya Akhtar, Reema Kagti back documentary film Turtle Walker set to premiere at Doc NYC
Viral video: Giant python wraps itself around drunk man, netizens say ‘find out the liquor brand'
Mukesh Ambani afraid of Elon Musk? Tesla CEO responds to a meme on X, says, "I will…"
Virat Kohli vs Babar Azam: R Ashwin sums up 'better batsman' debate with stunning remark
This woman claims to be a 'real-life vampire', feeds on energy of...
Mukesh Ambani loses over Rs 160000000000 in 24 hours, Gautam Adani's net worth boosts by…
IND vs NZ: Day 1 of first Test between India and New Zealand called off due to rain in Bengaluru
Ashish Bansal's Vision: Transforming Business Operations with Retrieval-Augmented Generation (RAG)
Gautam Adani acquires two more companies, pays Rs 380000000 for...
Good news for online shoppers! Blinkit to introduce this feature to ease up returns
7th Pay Commission: Good news for central government employees, Cabinet approves 3% hike on...
Watch: Priyanka Chopra makes her Bollywood dreams come true, video from Switzerland goes viral
Akasa Air flight to Bengaluru gets bomb threat, returns to Delhi
Fake cop jumps into auto, demands Rs 50,000 from Mumbai woman for…, watch viral video
Delhi CEO shares screenshot of jobseeker’s CV with mistakes all over, blames…, see viral pic
IND vs NZ Test: Virat Kohli's cool walk in rains at Bengaluru's Chinwaswamy Stadium steals spotlight
Video of drunk man wrapped in giant python's deadly grip in Andhra Pradesh goes viral, watch here
Maharashtra NEET PG counselling 2024: Round 1 registration to close today, check important details
Omar Abdullah takes oath as Jammu and Kashmir CM as UT gets elected government after 10 years
German Ambassador ties 'nimbu-mirchi' to his new EV, smashes coconut, WATCH viral video
People live with their deceased loved ones on THIS island, the reason will shock you!
BIZARRE: Tea seller spends Rs 60,000 on party after buying 2-wheeler on loan
Ram Gopal Verma finds Lawrence Bishnoi more good-looking than film stars, urges Salman Khan to...
Pakistan's New Batting Sensation Kamran Ghulam Was Slapped By Haris Rauf On Field. Old Video Viral
Watch: Avinash Mishra thrown out of Bigg Boss 18 house for SHOCKING reason
IND vs NZ test: Toss delayed due to rain in Bengaluru, next inspection to be in...
Karnataka rains: Bengaluru reels under severe waterlogging, traffic hit; check IMD forecast till...
IndiGo flight redirected to Jaipur due to security-related alert
Rakul Preet Singh suffers back spasm after 80 kg deadlift without belt: 'Situation has been scary'
IND vs NZ Test: Sanju Samson's BIG revelation, says, 'Rohit Sharma, Gautam Gambhir told me to...'
Meta CEO Mark Zuckerberg has a new job, he now works for...
Chennai Rains: Two-wheelers parked in flats, 4th floor of apartments, SEE VIRAL PICS
Blow to Gautam Adani as retail investors take this big step, know details here
'Cheaper to buy abroad': Gurugram's luxury apartments priced at Rs 75 crore leave netizens stunned
EAM Jaishankar and Pakistan PM Sharif shake hands at SCO reception
'We very much want to see changes...': US warns Israel to boost Gaza aid in 30 days
Bigg Boss 18: Gunaratna Sadavarte exits from Salman Khan's show for THIS reason
Here's how to enroll in management college that provides internships with stipends worth over Rs...
Meet man, who once earned Rs 4,000 per month, then founded company worth Rs...
Omar Abdullah set to take oath as CM of Jammu and Kashmir today
IND vs NZ: Rohit Sharma on verge of breaking THIS record of Virat Kohli in Test series
When Hema Malini revealed Dharmendra hasn't seen her performancing on stage: 'He feels I look...'
DNA TV Show: Why Maharashtra Assembly elections will be different this time
Singapore fighter jets escort Air India Express plane after bomb threat
ENG vs WI: West Indies beat England by 6 wickets to enter semifinals of Women’s T20 World Cup
IND vs NZ, 1st Test Dream11 prediction: Fantasy cricket tips for India vs New Zealand match
Delhi NCR news: Noida International Airport completes 2 critical milestones; check details