Conglomerate Reliance Industries is considering buying 26% stakes in several cablecos in order to reach consumer homes for its 4G broadband services, the Business Standard reported.
The cable operators approached reportedly include Den Networks,…
Conglomerate Reliance Industries is considering buying 26% stakes in several cablecos in order to reach consumer homes for its 4G broadband services, the Business Standard reported.
The cable operators approached reportedly include Den Networks, Digicable Networks, Hathway Cable and Datacom, IndusInd Media and Communications, as well as several independent multi-system operators (MSOs).
Reliance Industries is already present in the telecom sector via its subsidiary Infotel Broadband, which was the only company to secure a pan-Indian BWA licence in 2010.
In early November, it had been reported that Mukesh Ambani, the owner of Reliance Industries, was mulling a partnership in the telecom industry with his brother and head of telecom group Reliance Communications, Anil Ambani.
The two brothers have been estranged for more than six years following a dispute over gas supply between their respective companies.
A partnership could see Reliance Industries use the telecom tower infrastructure owned by Reliance Communications. It would also allow Reliance Industries to launch broadband and wireless internet services, according to reports.
Most importantly, it has been suggested that an agreement between Reliance Industries and RCom may be the first step towards the two brothers deciding to merge their groups.
