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.

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