As Mukesh Ambani’s Reliance Industries is on the lookout to rampup coverage of it’s extremely high speed broadband network, there is a strong case for them to buy controlling stake in two of India’s largest cable TV & broadband service providers – which are Hathway Cable and DEN. News from various sources is that Reliance Industries would take over 25% ownership in Hathway as well as in DEN, thereby enabling itself to take control of developments and get onto the board of these companies.
This significant development is seen as a step taken by Reliance to fasten the roll-out of its JIO Gigafiber service. How does Jio benefit? Hathway has operations in over 350 cities, while DEN Networks has operations in over 200 cities. With such a massive reach, both these service providers are able to reach out to 7.2 million digital cable subscribers each. With the pace at which things are moving, this deal could pan out in the near future!
Reference Source: Reliance Industries Likely to Take Controlling Stake in Hathway and DEN