Big TV owner moves into cable
DigicableIndia’s Reliance Communications is expanding its empire, with directors approving a proposal to buy the country’s largest cable TV service provider, Digicable, in an all-stock deal. The company already owns one of India’s DTH platforms, Big TV.
A new entity, Reliance DigiCom, will house Reliance’s DTH, IPTV and retail broadband operations, along with Digicable. It will be, claimed the company, India and Asia’s largest, and the world’s 5th largest, triple play provider.
The digital TV component of the company offers over 500 digital quality and 100 high definition channels; internet on TV; 3D TV; video-on-demand; and interative gaming. Broadband provision is a metropolitan ethernet and digital cable combination offering speeds of up to 100 Mbps.
Anil D. Ambani, Chairman, Reliance Communications, said: “Reliance Communications led the telecom revolution in India by growing its subscriber base to over 100 million customers in a short span of just five years. The Digital TV and Broadband space is poised for similar explosive growth in the years ahead.With this game changing move, we hope to lead the next revolution in digital home entertainment in India, by offering a world class TV experience and ultra high speed broadband capability to a billion people.
“The new company, Reliance DigiCom, will fuel our ‘4-screen strategy’ to own mobile, cinema, TV and computer screens, that are rapidly becoming an integral part of our customers’ daily lives, leading to world-class convergence of information, communication and entertainment solutions and services."
The company is “confident of building an extremely profitable business model from a high potential yet currently fragmented / underdeveloped TV and Broadband market in the country”, Reliance’s statement concluded.