Mumbai: Mukesh Ambani-owned Reliance Industries (RIL) is said to be in talks to acquire Sameer Manchandapromoted multi-system operator (MSO), DEN Networks, two highly placed sources with the direct knowledge of the development told ET.
A possible acquisition of DEN Netwroks will give RIL a direct entry into 13 million households, including over 10.5 million digital subscribers.
“It is known that RIL wants to enter this space. They already have a MSO licence and they have laid extensive amount of fibre cable across the country. It is just a matter of time for the company to make some splashy acquisition and hit the ground running,“ a media analyst with a top brokerage firm said.
In 2015, RIL's step-down subsidiary Reliance Jio Media procured a pan-India MSO licence from the Information & Broadcasting ministry. The same year, RIL hired K Jayaraman, a cable industry expert who led India's largest MSO Hathway Cable & Datacom, and SN Sharma, then CEO of DEN Networks, to built its cable business.
Aiming for organic growths: Reliance Ind in talks to acquire DEN networks - ET Telecom
A possible acquisition of DEN Netwroks will give RIL a direct entry into 13 million households, including over 10.5 million digital subscribers.
“It is known that RIL wants to enter this space. They already have a MSO licence and they have laid extensive amount of fibre cable across the country. It is just a matter of time for the company to make some splashy acquisition and hit the ground running,“ a media analyst with a top brokerage firm said.
In 2015, RIL's step-down subsidiary Reliance Jio Media procured a pan-India MSO licence from the Information & Broadcasting ministry. The same year, RIL hired K Jayaraman, a cable industry expert who led India's largest MSO Hathway Cable & Datacom, and SN Sharma, then CEO of DEN Networks, to built its cable business.
Aiming for organic growths: Reliance Ind in talks to acquire DEN networks - ET Telecom
