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August 2019
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Business News
Hughes, Airtel to combine India VSAT biz
 
New Delhi, May 7 (PTI) Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) Tuesday announced they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country.

HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems.

Hughes will have majority ownership in the combined entity while Airtel will have a significant shareholding, according to a statement.

The statement did not spell out the financial details of the transaction, which is subject to requisite approvals.

"The combined entity will benefit from enhanced scale, improved operational efficiencies and wider market reach. The combined entity will be well positioned to leverage the demand for secure connectivity in a rapidly growing digital economy," it said.

VSAT is used to provide satellite based telecom and internet access to individuals and enterprise users.

HCIL is a broadband satellite service operator in India, and offers a range of broadband networking technologies, solutions, and services for businesses and governments.

"The combined entity will continue to serve existing Hughes and Airtel customers," the statement added.

Commenting on the development, Partho Banerjee, President and Managing Director, Hughes Communications India Ltd said these are exciting times for satellite broadband service providers as VSAT becomes mainstream, driven by growing demand from enterprise and government segments.

"We are very excited about the synergies that this partnership will bring to the Indian ecosystem," Banerjee said.

Ajay Chitkara, Director and CEO, Airtel Business said the partnership will bring synergies to the forefront and combine the capabilities of both the companies.

"Customers can look forward to highly secure and reliable connectivity solutions across the length and breadth of India," he said.


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Sensex, Nifty rebound on hopes of FPI tax rollback
Nirav Modi to appear via videolink for remand hearing in UK
Rupee slips 17 paise to 71.72 vs USD in early trade
SBI plans to establish nearly 10 lakh YONO Cash Points
Sensex tumbles 268 pts; Tata Motors tanks 9 pc
Huawei dismisses new suspension of 'unjust' US ban
Rupee hits fresh 6-mth low of 71.71; dives 28 paise
China lost 20 lakhs jobs in short period of time: Trump
Rupee plunges to over 6-mth low of 71.43; skids 29 paise
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Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
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Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
KERALA NEWS
Malayalam actor, film crew stranded in Himachal village
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INTERNATIONAL NEWS
Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi
 Islamabad: Pakistan on Friday said that despite tensions with India, it stands ready to open the Kar
Two Govt hospitals in Pak deny specialised ambulance facility to Sharif
UN, France raise concern over Amazon wildfires 'crisis'
US seeking balancing act in South Asia over Kashmir: Report
NATIONAL NEWS
INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter
 New Delhi: Congress leader and former union finance minister P Chidambaram was on Friday granted pro
Always said demonising Modi wrong: Singhvi
Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion
FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials
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