RIL seeks satcom spectrum auction

Indian billionaire Mukesh Ambani’s Reliance Industries Limited (RIL) has privately argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated and not auctioned, a letter seen by Reuters shows, intensifying a face-off with Elon Musk’s Starlink.

The methodology of giving out spectrum for satellite services in India — a market set to grow 36 per cent a year to reach $1.9 billion by 2030 according to Deloitte — has been a contentious issue since last year.