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Time of India
25-05-2025
- Business
- Time of India
Centre to safeguard national interests as global Satcom players seek entry
With satcom services set to be mainstreamed soon, the government is prioritising national safeguards in light of the expected overseas dominance of firms such as Elon Musk-owned Starlink , Jeff Bezos-led Amazon Kuiper , and Eutelsat OneWeb . Officials aware of the details told ET among the measures that will be taken include setting up a satcom monitoring facility with an outlay of over '900 crore to track satellites (Indian and foreign) over Indian skies, reserving orbital and spectrum resources for upcoming Indian satellites, especially NGSO (non- geostationary), and having a favourable ecosystem to set up gateways in India, that will serve local and global operations. "Some of the measures are likely to be announced through the new Telecom Policy, which will create a roadmap for the next five years or by 2030," said one of the officials. A second official said the Digital Communications Commission (DCC), which is an inter-ministerial panel and the highest decision-making body of the Department of Telecommunications (DoT), has already cleared the proposal for setting up the satellite monitoring facility with an outlay of around '930 crore. Live Events The facility, once operational, will monitor both local and foreign satellites over Indian skies and satellite-based communication services in the country. "Apart from monitoring, the facility would be helpful for mitigating interference from adjacent satellites in the Indian sky and there would be better coordination," the official said. Currently, the Indian participation is minimal in the satcom market, particularly in the low-earth orbit (LEO), which is increasingly becoming lucrative from a communications point of view. US Billionaires Starlink is the dominant player with around 7,000 satellites already in orbit. Amazon Kuiper, too, is going to have more than 3,000 satellites, while Eutelsat OneWeb has more than 600 satellites in the sky. The Bharti Group is the largest stakeholder in Eutelsat OneWeb, but its capacity is far lower than Starlink and what Kuiper can offer in the coming years. There is no India LEO satellite operator as of now, but the situation may change in future and that is why the government does not want Indian entities to be on the backfoot when they consider entering in the coming years, towards which resources would be reserved for them, officials said. "Already there are many startups in the satcom space, and the government wants India to emerge as a major player in the satellite market. The regulatory framework will be streamlined and simplified to unlock the potential of the satellite market," said the second official. The preliminary draft of the new telecom policy calls for establishing an effective regulatory framework to safeguard the country's interests and sovereign rights to keep optimal orbital and spectrum resources for upcoming Indian satellites, especially NGSO. Also, there would be an enabling framework for provisioning ground stations as a service (GSaaS) from India on a global level. India can act as a hub of gateways for serving countries. Setting up satellite earth station gateways for NGSO systems is a capital-intensive exercise and also very complex in nature consisting of multiple antennas. The NGSO operators, therefore, want to establish an optimum number of gateways to serve various jurisdictions across the globe.
Time of India
03-05-2025
- Business
- Time of India
Avantel to raise Rs 80.90 cr via rights issue to expand manufacturing, service infra
New Delhi: Avantel Ltd, a provider of technology solutions to the defence and communication sectors, has announced plans to raise Rs 80.90 crore through a rights issue. The funds will be directed towards the expansion of manufacturing facilities and infrastructure in Andhra Pradesh and Telangana, including establishing dedicated facilities for the design, development, and production of electronics, antennas, and satellite communication systems. "As per the approved structure, the company will issue 2,02,26,100 fully paid-up equity shares with the face value of Rs 2 each at a price of Rs 40 per share, including a premium of Rs 38. The offer entitles eligible shareholders to receive 10 equity shares for every 121 shares held as of the record date, May 7, 2025," the company said in a statement. The rights issue is scheduled to open on May 15, 2025, and will close on May 22. The board has also indicated that while the issue period may be extended, it will not exceed 30 days from the opening date. Upon full subscription, Avantel's equity base will expand from 24,47,35,820 shares to 26,49,61,920 shares. The investment will also facilitate the creation of Ground Station as a Service (GSaaS) infrastructure, enabling Avantel to provide satellite data reception services and further enhance its capabilities in software-defined radios, communication-on-the-move systems, and antennas for defence and aerospace sectors. Additionally, part of the funds will be used for general corporate purposes. Avantel offers designing, developing, and maintaining communication products, radar systems, and network management software applications, primarily catering to the aerospace and defence sectors.>
