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Ambani’s Reliance Engages in Regulatory Battle Over Satellite Spectrum with Musk’s Starlink!
In a significant regulatory showdown, Indian telecom giant Reliance Jio is vying with Elon Musk’s Starlink over the allocation of satellite broadband spectrum in India. Reliance is urging the Telecom Regulatory Authority of India (TRAI) to auction the spectrum rather than allocate it administratively, arguing that this approach would promote fair competition in the burgeoning satellite broadband market.
Background of the Dispute
According to a letter obtained by Reuters, Reliance Jio contends that the telecom regulator has wrongly concluded that home satellite broadband spectrum should be allocated instead of auctioned. This dispute arises as the Indian satellite broadband market is projected to grow at an annual rate of 36%, reaching $1.9 billion by 2030, according to Deloitte.
While Musk’s Starlink and other global players like Amazon’s Project Kuiper advocate for administrative allocation, Ambani—Asia’s wealthiest individual and head of Reliance Jio—maintains that an auction process is essential for equitable competition. The crux of the disagreement revolves around the interpretation of Indian law, which some industry insiders believe allowed for the spectrum allocation last year as per Musk’s preferences.
TRAI’s Consultation Process
TRAI is currently conducting a public consultation on this matter. However, in a private letter dated October 10, Reliance requested a reevaluation of the process, arguing that the regulator has “pre-emptively interpreted” that allocation is the appropriate course of action. “TRAI seems to have concluded, without any basis, that spectrum assignment should be administrative,” wrote Kapoor Singh Guliani, Reliance’s senior regulatory affairs official, in his correspondence with India’s Telecom Minister Jyotiraditya Scindia.
Level Playing Field Advocacy
Reliance’s letter also highlighted that TRAI’s consultation paper suggests Indian laws require the allocation of spectrum for such services without comprehensive studies. “We have requested TRAI to amend the consultation paper to ensure a level playing field,” Reliance Jio stated, emphasizing the need for consultation regarding the methodology of spectrum assignment.
A senior TRAI official responded, affirming that due process is being followed and inviting Reliance to provide feedback during the consultation period. The recommendations from TRAI will ultimately influence the government’s decision on the spectrum allocation process.
Market Dynamics and Future Implications
Musk is eager to launch Starlink services in India, but unresolved issues regarding spectrum allocation remain a significant hurdle. Starlink argues that administrative allotment of licenses aligns with global practices, while Reliance insists that an auction is vital for creating a fair competitive environment. This contention is particularly relevant as foreign entities may offer voice and data services that could challenge traditional telecom players.
Implications for Consumers
The outcome of this regulatory battle will have profound implications for Indian consumers:
- Service Quality: Starlink’s advanced technology promises high-speed internet with lower latency, improving user experience, particularly in underserved regions.
- Pricing Pressure: Increased competition between Reliance and Starlink could drive down prices, making satellite internet services more affordable for a broader segment of the population.
- Innovation and Growth: Access to cutting-edge satellite technology could spur innovation across multiple sectors, from education to healthcare, potentially transforming India’s digital landscape.
Conclusion
The battle for control over satellite spectrum in India highlights the delicate balance between encouraging domestic business interests and embracing global technological advancements. Reliance’s call for auctions aligns with protecting local telecom players but denying or delaying the entry of advanced satellite services like Starlink could slow down India’s digital revolution.
Ultimately, the Indian government will need to carefully weigh the potential benefits of Starlink’s satellite technology against the need to protect domestic businesses. The decision on how to allocate satellite spectrum will not only shape the competitive landscape of the telecommunications sector but also determine the pace at which India’s digital future unfolds.
As this regulatory battle unfolds, it represents more than just corporate rivalry; it is a critical moment for India as it navigates its path toward becoming a global digital powerhouse. How this issue is resolved will reverberate far beyond boardrooms, affecting millions of consumers and shaping India’s telecommunications infrastructure for years to come.
Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.
Pronto operates a 10-minute on-demand home-services platform that connects users with trained, background-verified workers for everyday tasks like sweeping, mopping, utensil cleaning, laundry and basic cooking. Using a hub-and-spoke, shift-based model, the startup stations workers at hyperlocal hubs, enabling sub-10-minute fulfilment and more predictable earnings compared to the informal domestic-help market. Founded in 2024 by Anjali Sardana and based in Delhi NCR, Pronto has already expanded from Gurugram into major cities such as New Delhi, Mumbai, Bengaluru and Pune, and is handling around 6,000 daily bookings with nearly 1,300 active professionals as of December 2025.
The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.
Bhavish Aggarwal has sold Ola Electric shares worth about ₹325 crore over three consecutive trading sessions, primarily to fully repay a promoter-level loan of ₹260 crore and release all pledged promoter shares. Despite the stake sale, he continues to hold a significant shareholding of over 34 percent in Ola Electric, and the company has clearly stated that there is no change in promoter control or his long-term commitment to the business. This one-time, limited monetisation at the promoter’s personal level is positioned as a structural clean-up rather than a signal of reduced confidence in the company.
The transactions, executed through open-market bulk deals, included an initial sale of about 2.6 crore shares worth roughly ₹92 crore at an average price of ₹34.99 per share, followed by additional trades of around ₹142 crore and ₹90 crore, taking the total sale value to approximately ₹324–325 crore. As a result, Aggarwal’s stake has fallen by a little over 2 percent, while all previously pledged promoter shares about 3.93 percent of Ola Electric’s equity are being released, removing the overhang and risk typically associated with pledged stock. The company has also clarified that these deals do not involve any capital raise or dilution by Ola Electric itself, which is important for investors tracking promoter stake and governance.
The share sale came at a time when Ola Electric’s stock had been under pressure, even hitting an all-time closing low amid concerns around growth, competition and heavy promoter selling. However, once the company confirmed that the stake sale was complete and all promoter-level pledges would be cleared, the stock rebounded sharply, gaining around 9–10 percent as markets welcomed the removal of this technical overhang. For investors, the focus is now expected to shift back to Ola Electric’s core fundamentals EV sales growth, margins, and market-share performance in India’s two-wheeler EV segment while the reduced promoter debt risk and continued high promoter holding offer some comfort on long-term alignment.
Kuku FM’s parent company, Mebigo Labs, has hired leading investment banks to prepare for a 200 million dollar IPO in India, marking a major milestone for the country’s digital audio ecosystem. The Mumbai-based company has reportedly appointed Kotak Mahindra Capital, Axis Bank and Morgan Stanley’s India unit to manage the proposed share sale, which is likely to be launched on Indian stock exchanges once key regulatory steps are completed. This move signals strong intent to tap public markets and test investor appetite for subscription-led regional audio platforms in India.
The planned IPO proceeds are expected to help Kuku FM expand its content library, strengthen its regional language offerings and invest in technology to enhance user experience. With a focus on Hindi, Marathi, Tamil and other Indian languages, Kuku FM aims to capture the fast-growing audience in Tier 2 and Tier 3 cities seeking affordable audiobooks, courses and storytelling content. The funds could also provide additional firepower for marketing, partnerships and product innovation, helping the platform compete more aggressively in India’s crowded digital entertainment and creator economy landscape.
Founded in 2018, Kuku FM has built a subscription-driven business model and has reportedly scaled to millions of paying users, backed by multiple funding rounds from prominent investors. Its decision to pursue a 200 million dollar IPO positions it as one of the first major Indian audio platforms to attempt a public listing, potentially paving the way for other podcast and niche content startups to follow. As the IPO process moves forward, Kuku FM’s performance in the public markets will be closely watched as a key indicator of how investors value regional, knowledge-first audio platforms in India’s booming digital economy.
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