11:59 AM EST, 11/15/2024 (MT Newswires) -- Reliance has asked India's telecom regulator to reassess the impact of Elon Musk's Starlink and Amazon's ( AMZN ) Kuiper satellite services before allocating satellite spectrum, Reuters reported Friday, citing a letter from Reliance owner Mukesh Ambani.

In the letter, Reliance said it carried about 15 billion gigabytes of data each month in India after spending around $23 billion on spectrum auctions, but Starlink would will get access to the same customers with a potential capacity of nearly 18 billion gigabytes via satellites at a likely much lower cost, Reuters reported.

"The authority should critically examine the capacities created by these mega ...constellations such as Starlink and Kuiper," the letter stated, according to the report.

A senior official at the telecom regulator said that all feedback would be reviewed before making final recommendations, which are expected by the end of the year, Reuters reported.

Starlink, Amazon ( AMZN ) and Reliance did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 204.00, Change: -7.48, Percent Change: -3.54