This update which came in February, 2022 is actually a big update, though Jio did it silently - Jio enters into satnet biz by founding Jio Space Technology Limited (JSTL) by creating a JV with Luxembourg based SES (Société Européenne des Satellites).
Jio owns 51% of the JV, while SES holds the remaining 49%. SES is already an established player in satcom business and newly formed entity will use multi-orbit space networks that is a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of delivering multi-gigabit links (upto 100Gbps) and capacity to enterprises, mobile backhaul and retail customers across the length and breadth of India and neighbouring regions.