Latest news with #O3bmPower
Time of India
7 days ago
- Business
- Time of India
SES awaits security nod, says new MEO satellites to boost Reliance Jio's enterprise business
NEW DELHI: Luxembourg-based satellite operator SES said that the company is awaiting security approvals from the Indian government to commercially launch services, and its newly-inducted O3b mPower communications satellite systems would facilitate Jio's space broadband offering for enterprises in the country. 'I think the last bit of security regulations are being sorted out. In my opinion, we are ready to go. We are already doing proof-of-concepts (PoC), but we're not allowed to carry commercial traffic. But in my opinion, we are just a few months away, and launch within the year,' Harsh Verma, head of enterprise business development at SES Asia, told ETSatcom . Thursday, SES launched two communication satellites- O3b mPOWER 9 and 10, aboard a Falcon 9 rocket from the Cape Canaveral Space Force Station, Florida, a southeasternmost US state. 'For the 5G backhauling services, which is the core of their (Jio's) network and infrastructure planning, and deployment, they (Jio) are looking at O3b mPower system. Jio is also using our geostationary asset - SES-12.' The SES executive said that the company has already geared up fully since the last two years with its ground infrastructure, and other necessary operational processes. SES deployed its gateways together with Jio in Kadapa, a city in the southern part of Andhra Pradesh. We are basically making sure that it (ground station) complies with the telecom department's (DoT) security regulations. SES said that unlike billionaire Elon Musk-owned Starlink's low-earth orbit (LEO) satellites that are "more consumer grade," it offers "enterprise and carrier grade services" with predictable latency, service-level agreements (SLA) and throughput. 'We also bring in flexibility in our systems, and make it more sovereign.' Adel Al-Saleh-headed multinational's stakeholders include BlackRock Advisors, Temasek Holdings and Vertex Legacy Continuation Fund. 'Jio is looking to go into remote areas and really increase their coverage. India could be covering about 97-98%, but even 2% of the population still means a lot to them, and that's where satellite comes in. I am sure there are places they will use Starlink as well for more consumer-related services,' Verma added. Mukesh Ambani-owned Jio is looking at multiple satellite technologies— LEO, MEO and GEO, and has partnered with Starlink in India. On the contrary, archrival Bharti Airtel through Bharti Global invested in Eutelsat Oneweb and also maintains partnership with Starlink, with both offering LEO satellite constellation for broadband internet access in underserved areas. 'We have a very strategic foray into India, creating a joint venture with Reliance Jio . We have already started delivering the geostationary capacity on SES-12 while we bring O3b mPower. We are just waiting for final regulatory approval in India where we will start launching 5G services with Jio in India very soon, hopefully by the end of the year.' The executive further said that the multinational is serving as many as eight out of 10 top telecom carriers who are making space connectivity as a part of their core strategy. In February 2022, Jio Platforms, a part of India's oil-to-telecom conglomerate formed a joint venture (JV) with satellite operator SES through Jio Space Technology Limited to deliver broadband services in India. SES plans to launch three more satellites over the next 12 months to strengthen the network further, has as many as 20 GEO satellites currently hosting 9 direct-to-home (DTH) platforms and more than 2,000 TV channels worldwide. In 2024, the company earned a revenue of €3.7 billion (about $4 billion). Recently, SES acquired a global satellite operator Intelsat, creating a combined entity with a fleet of 120 satellites offering multi-band connectivity across two orbits.
Business Insider
08-07-2025
- Business
- Business Insider
'Investors Interested in Space Technology Stocks' Consider Adding Boeing Stock (NYSE:BA)
While many of us regard aerospace stock Boeing (BA) as mostly being an aircraft producer, there are other things it does. In fact, one of the least-considered Boeing businesses is its satellite trade. Lately, the Boeing satellite trade has done quite well for the company with a big new sale coming in. And Boeing investors are feeling the love as well, sending shares up fractionally in Monday afternoon's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Boeing set up an agreement with the United States Space Force valued at $2.8 billion to establish 'secure satellite communications' as part of the larger Evolved Strategic SATCOM (ESS) program. The program calls for two satellites initially, but has room to expand outward to cover things like Arctic operations, operations from major facilities like the Vandenberg Space Force Base, as well as broader, less-specific expansion efforts. The ESS program has $12 billion backing it, part of which will go toward covering the aforementioned $2.8 billion price tag. The remainder will have other uses, including, potentially, another two satellites from Boeing, reports note. Boeing actually managed to beat out Northrop Grumman (NOC) to land the contract, reports further noted. More Likely to Come This news comes at an interesting time for Boeing, as it recently brought out the ninth and tenth O3b mPower satellites to SES (SES). The satellites actually came with some particularly robust systems geared toward addressing a power problem. Oddly, the power problem in question, as it turned out, was largely rendered moot by solar storms. But despite that unexpected fix, Boeing is said to be working on another three satellites for SES. That by itself is prompting some to consider adding Boeing to their portfolios as a 'space technology' stock, and not without reason. But add on the Space Force contract and suddenly the reasons to consider Boeing as a space tech play surge. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 17 Buys, two Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 16.19% rally in its share price over the past year, the average BA price target of $226.42 per share implies 4.95% upside potential.
