Singtel Seeks FDI Approval To Launch Satellite Communication Services In India
· Free Press Journal
Singapore Telecommunications (Singtel) has approached the Indian government for foreign direct investment (FDI) approval as it prepares to enter the country’s emerging satellite communication market, according to a report by The Economic Times.
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The Singapore-based telecom major plans to offer satcom services to government and private-sector customers through its wholly owned subsidiary, Singapore Telecom India Pvt Ltd (STIPL).
Opportunity in India’s Satcom Market
Singtel already has a significant presence in India through its direct and indirect 26.85% stake in Bharti Airtel. However, the company will need separate FDI clearance to establish satellite communication operations in the country.
Bharti Airtel & Singtel Streamline Shareholders’ Pact, Trim Reserved Rights For Cleaner GovernanceA government official confirmed that Singtel has submitted the application, according to the report. The company is considering providing connectivity through a global constellation of around 28 to 36 geostationary satellites.
Singtel’s potential entry comes as India prepares for greater competition in the satellite broadband sector.
The company could also explore partnerships with other satellite communication operators, including Elon Musk-backed Starlink, whose application to launch services in India is awaiting government approval.
Global Players Eye Indian market
India’s satellite communication industry is attracting major international and domestic companies as demand for high-speed connectivity grows, particularly in remote and underserved areas.
Besides Singtel and Starlink, Amazon’s Leo satellite network, Reliance Jio and Bharti-backed Eutelsat OneWeb are among the companies seeking a foothold in the Indian satcom market.
The entry of additional players could increase competition and expand the availability of satellite-based connectivity across India. For enterprises and public-sector organisations, satellite communication could provide an alternative connectivity option in locations where conventional telecom infrastructure remains difficult or expensive to deploy.
Singtel’s proposed entry would also deepen its involvement in India’s telecommunications ecosystem beyond its existing investment in Bharti Airtel.