What Hathway and Den deals mean for Reliance Jio
6 years, 2 months ago

What Hathway and Den deals mean for Reliance Jio

Live Mint  

Reliance Industries Ltd has made two strategic investments in Den Networks Ltd and Hathway Cable and Datacom Ltd. RIL made an investment of ₹ 2,290 crore for 66% stake in Den and ₹ 2,940 crore for 51.3% stake in Hathway. Reliance Jio Infocomm Ltd’s deals with Den Networks Ltd and Hathway Cable and Datacom Ltd may not only allow the company to expand its presence to 1,100 cities and target 50 million homes with its faster broadband services, but also reduce the cost of reaching out to customers. Additionally, deals with Hathway and Den will help Jio GigaFiber achieve last-mile connectivity, overcoming the challenges the company has been facing from local cable operators who have in past stonewalled its expansion plans. The Indian broadband market currently consists of players like BSNL, MTNL, and Airtel, cable firms such as Hathway and Den Networks, and pure-play broadband operators such as ACT Fibernet and Spectra.

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History of this topic

RIL open offer for acquiring additional 26% in Hathway Cable and Datacom
5 years, 11 months ago

RIL open offer for acquiring additional 26% in Hathway Cable and Datacom

Live Mint  

New Delhi: Reliance Industries and its group companies have announced an open offer to acquire an additional 26% stake in Hathway Cable and Datacom Ltd. Jio Content Distribution, Jio Internet Distribution Holdings along with Reliance Industries and a clutch of group companies "have announced an open offer for acquisition of up to 46,02,27,170 fully paid up equity shares.from public shareholders …

Q2 results: Reliance Jio reports ₹681 crore profit; RIL to buy Hathway, Den Networks
6 years, 2 months ago

Q2 results: Reliance Jio reports ₹681 crore profit; RIL to buy Hathway, Den Networks

Live Mint  

Mumbai: Reliance Jio Infocomm Ltd, the telecom arm of Mukesh Ambani-controlled Reliance Industries Limited reported a profit of ₹ 681 crore for the September quarter, a rise of 11.3% on a sequential basis, on the back of ₹ 9,240 crore in revenue from its operations, the company said. RIL on Wednesday also said it will buy majority stakes in Den …

An RIL-Hathway deal may result in a win-win for both companies
6 years, 3 months ago

An RIL-Hathway deal may result in a win-win for both companies

Live Mint  

In early July, when Reliance Jio Infocomm Ltd announced Jio GigaFiber, its fibre-to-the-home broadband service, shares of cable and broadband service providers corrected sharply. However, Hathway investors had something to cheer about on Wednesday with the company’s shares rising nearly 10% following reports that Reliance Industries Ltd may buy the multiple system operator to speed up the commercial launch of …

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