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Jio parent Reliance Industries breaks silence on Starlink row: 'We have never feared competition’
Mint 1 hr ago·16 Oct 2026, 2:56 am
Reliance Industries has officially responded to the dispute with Elon Musk's Starlink, stating it welcomes competition from all players in the satellite communication sector. The company emphasized that all service providers must strictly adhere to Indian laws and government policies. This statement serves as a clarification of its stance, countering the narrative that the conglomerate is attempting to block new entrants.
For investors, this development signals that Reliance is confident in its ability to compete, even as it awaits necessary regulatory clearances for its own satellite services. The company's willingness to embrace competition suggests it is preparing for a more open market rather than seeking to monopolize the space. This approach could be viewed positively by the market as it aligns with the broader trend of liberalization in the telecom sector.
Moving forward, investors should monitor the progress of Reliance's satellite internet project and the specific regulatory guidelines issued by the government for private satellite operators. The market will also be watching for any further comments from Starlink regarding its entry strategy into India, as the regulatory landscape continues to evolve.
Excerpt from Mint
Amid the Starlink controversy, Reliance Industries issued a fresh statement on Friday saying that it has never feared competition. “We see it as the truest test of who serves the customer best.” In light of recent remarks about Reliance and the Indian market, we wish to place the facts on record, the company said in a…Read the original at Mint
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Key takeaways
- Concerns Reliance Industries (RELIANCE).
- Category: Company.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Reliance Industries worth tracking. Use the price and stock snapshot to gauge how the market is responding.
