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Akash Ambani declines to comment on Musk allegations, says Jio is focused on consumers

Akash Ambani, Non-Executive Director of Reliance Jio, said on Day 2 of India Mobile Congress 2026 that Jio is focused on consumers and declined to comment on Elon Musk's allegations. He gave no satellite broadband launch timeline but cited rapid progress.

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Who and when

Figures from Business Today,

  • declined to comment, saying Jio wants to stay focused on delivering value to Indian consumers
  • Jio is already working to ensure every Indian home has access to broadband

Why the change matters

Akash Ambani declined to address Elon Musk's allegations and gave only "rapid progress" on satellite broadband with no dates, so this adds no new information and no satellite revenue should be priced in until a concrete timeline appears.

What to watch next

  • Jio or Reliance announces a satellite broadband launch date or named technology partner
  • Department of Telecommunications or the regulator issues a decision on satellite spectrum assignment or licensing
  • Starlink announces commercial availability or pricing for India
  • Musk or Starlink makes a fresh public statement about Jio
  • Reliance management addresses satellite broadband on an upcoming earnings call or at an investor event

The source

Source Read the source at Business Today

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