Reliance Industries to acquire Hathway Cable and DEN networks-March 2024-www.financetom.com

Reliance Industries to acquire Hathway Cable and DEN networks

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Reliance Industries to acquire Hathway Cable and DEN networks

Oct 16, 2018 2:05 PM

Reliance Industries is likely to announce acquisition of Hathway Cable and DEN networks on October 17, said sources.

RIL may buy a controlling stake in the companies via fresh equity issuance and this may trigger an open offer for DEN networks and Hathway.

So what impact will the buyouts have on Reliance Jio?

It will be a big boost for gigafiber, Jio's broadband services and Jio will gain access to 20 million subscribers.

Jio will enhance last mile connectivity via 'right of way' with DEN, Hathway. There will be addition of premium subscribers to aid Jio's average revenue per user.

Jio is likely to upgrade DEN, Hathway technology to fiber connectivity. Post the deal, Jio's gigafiber will give competition to Airtel, Tata Sky, DishTV.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

First Published:Oct 16, 2018 11:05 PM IST

Previous page： India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh Next page： Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh

Oct 18, 2023

Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.

Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital

Nov 29, 2023

Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.

In fight to curb climate change, a grim report shows world is struggling to get on track

Nov 14, 2023

The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.

JPMorgan has a new way to gauge its green progress

Nov 15, 2023

As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.