Reliance Communications said that it acquires Digicable, the country's No. 1 Cable TV service provider in an all-stock deal . The combined entity comprising RCom and Digicable will be named "Reliance Digicom".
It is a pioneering initiative to combine strengths of RCom's world class infrastructure with the formidable power of local relationships of cable operators, the company said. It is a game changing move aimed to usher Digital TV and ultra high speed broadband revolution across addressable universe of over 100 million homes in India.
The new entity, an integration of RCom's DTH, IPTV and Retail Broadband operations along with Digicable would offer over 500 digital quality and 100 HD channels on 3D ready TV platform, and ultra high speed broadband access up to 100 MBPS speeds. It would be Asia's largest and World's fifth largest triple play service provider. The new entity is to begin operations with a combined subscriber base of 11 million homes.
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