Mukesh Ambani's Reliance Industries is urging India's telecom regulator to reconsider the allocation method for satellite spectrum, challenging the administrative approach favored by Elon Musk's Starlink and Amazon's Kuiper.
In a significant development in India's telecom sector, Mukesh Ambani's Reliance Industries has called on the Indian telecom regulator to reassess the method of allocating satellite spectrum. This move comes amidst growing competition with Elon Musk's Starlink and Amazon's Project Kuiper, both of which support an administrative allocation of spectrum. Reliance, however, is advocating for an auction process, arguing that it ensures a level playing field for all players involved.
The debate over spectrum allocation has intensified as Reliance warns that the administrative method could give foreign players an unfair advantage, potentially leading to a price war. Reliance, which has invested heavily in spectrum auctions over the years, fears that the administrative allocation could allow competitors like Starlink to offer services at a lower cost, thereby disrupting the market.
Elon Musk has responded to these developments by stating that an auction for satellite spectrum would be "unprecedented" and contrary to global trends. He argues that the spectrum is a shared natural resource, and administrative allocation aligns with international practices.
The Indian telecom regulator is currently reviewing feedback from various stakeholders and is expected to make a final recommendation by the end of the year. This decision will be crucial for the future of satellite broadband services in India, a market projected to grow significantly in the coming years.
As the battle over spectrum allocation continues, it highlights the broader competition between traditional telecom operators and new satellite-based services, which are rapidly gaining traction worldwide.
T-Mobile has been targeted in a significant cyber-espionage operation by Chinese hackers, affecting multiple telecom networks globally. Despite the breach, T-Mobile reports no significant impact on its systems or customer data.
The US FDA has approved Syndax Pharmaceuticals' Revuforj, a menin inhibitor, for treating relapsed or refractory acute leukemia with KMT2A translocation in both adults and children.
Super Micro Computer Inc. faces a critical deadline to avoid delisting from the Nasdaq due to delayed financial filings and accounting issues. Despite challenges, the company is working on a compliance plan to maintain its listing.
Boeing has announced the appointment of Tim Buckley, former CEO of The Vanguard Group, to its Board of Directors, effective January 1, 2025. Buckley will bring his extensive experience in investment management to Boeing's Finance and Governance & Public Policy committees.
Apple has removed the US-funded Radio Free Europe/Radio Liberty news app from the Russian App Store following a request from the Russian government, highlighting ongoing tensions over media censorship.
Commerzbank and UniCredit have held a second round of talks focusing on Commerzbank's third-quarter earnings, with no discussion of a potential merger.
Elon Musk has expanded his lawsuit against OpenAI, adding Microsoft as a defendant and alleging antitrust violations. The lawsuit accuses OpenAI and Microsoft of monopolistic practices in the generative AI market.