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Latest Satellite News Discussion, Update Aksh Optifibre plans to raise $20m for IPTV at General Satellite News forum; Aksh Optifibre plans to raise $20m for IPTV Aksh Optifibre plans to raise up to $20 million through a private ...

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Update Aksh Optifibre plans to raise $20m for IPTV
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Update Aksh Optifibre plans to raise $20m for IPTV - 02-October-2009, 22:50

Aksh Optifibre plans to raise $20m for IPTV

Aksh Optifibre plans to raise up to $20 million through a private placement to grow its IPTV and Voice over Internet Protocol (VoIP) business in India. The amount will be used to part finance Akshs capex requirement as it plans to ramp up its subscriber base from 35,000 to 650,000 by March 2013.

The company, which provides IPTV services with MTNL and BSNL, believes that such a fund raising is essential for "unlocking the significant potential in the Services Business".


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