RIL in Talks to Acquire India’s Largest Cable Operator
Indian conglomerate Reliance Industries is in talks to acquire India’s largest cable operator, Hathway Cable & Datacom. With this acquisition, the company is looking to speed up the commercial launch of its GigaFiber high-speed home broadband services.
However, some people familiar with the development have stated that the talks were at an initial stage and a deal was still at an exploratory stage.
“It’s too early to say if the deal will go through or not, but RIL is aggressively pursuing it,” one of the people said. “The valuation figure being discussed is around Rs 2,500 crore,” the person added.
Hathway is one of the largest Digital Cable TV and Broadband Internet Services provider in India that offers cable television services across 140 cities. It is a multi-system operator (...