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Reliance buys Indian cable operator
02 July 2010
Indian operator buys Mumbai-based company
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Reliance
cable
India
Digicable
Reliance Digicom
Mumbai
Reliance Communications has acquired Digicable Network. Reliance Communications will merge its direct-to-home services, IPTV services and retail broadband services with Digicable. The new entity will be named Reliance DigiCom.
By acquiring Digicable Network Reliance Communications will add cable operations to its existing satellite TV and nascent internet TV businesses. The move will also be a chance for Reliance to integrate TV distribution with its entertainment content.
Mumbai-based Digicable is a privately held company promoted by Jagjit Singh Kohli. It has a subscriber base of 8.5 million across its range of services such as analogue cable, digital cable services and broadband offerings.
The company has a fibre optic backbone across its networks and distribution set-ups. It also offers value-added services including video-on-demand, music-on-demand and IP telephony. GTB