Tuesday, Aug 04, 2020 | Last Update : 11:45 AM IST

133rd Day Of Lockdown

Maharashtra45019628703015842 Tamil Nadu2632222022834241 Andhra Pradesh166586886781537 Karnataka139571625002594 Delhi1384821242544021 Uttar Pradesh97362553931778 West Bengal78232548181731 Telangana6766048609551 Gujarat64684476632504 Bihar5956738508336 Rajasthan4555532051719 Assam4527633429109 Haryana3717330470440 Odisha3629723074248 Madhya Pradesh3428524099900 Kerala268731527885 Jammu and Kashmir2200614032407 Punjab1852711882442 Jharkhand135004794125 Chhatisgarh9820725661 Uttarakhand7800453890 Goa6816487656 Tripura5389360527 Puducherry3982241156 Manipur292017667 Himachal Pradesh2818165813 Nagaland21296574 Arunachal Pradesh175810633 Chandigarh116070619 Meghalaya9022645 Sikkim6882971 Mizoram4962660
  Business   Companies  08 May 2019  HCIL, Airtel to combine India VSAT business

HCIL, Airtel to combine India VSAT business

PTI
Published : May 8, 2019, 9:54 am IST
Updated : May 8, 2019, 9:54 am IST

HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems

Hughes will have majority ownership in the combined entity while Airtel will have a significant shareholding, according to a statement. (Photo: PTI)
 Hughes will have majority ownership in the combined entity while Airtel will have a significant shareholding, according to a statement. (Photo: PTI)

New Delhi: Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) Tuesday announced they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country.

HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems.

 

Hughes will have majority ownership in the combined entity while Airtel will have a significant shareholding, according to a statement.

The statement did not spell out the financial details of the transaction, which is subject to requisite approvals.

"The combined entity will benefit from enhanced scale, improved operational efficiencies and wider market reach. The combined entity will be well positioned to leverage the demand for secure connectivity in a rapidly growing digital economy," it said.

VSAT is used to provide satellite based telecom and internet access to individuals and enterprise users.

HCIL is a broadband satellite service operator in India, and offers a range of broadband networking technologies, solutions, and services for businesses and governments.

 

"The combined entity will continue to serve existing Hughes and Airtel customers," the statement added.

Commenting on the development, Partho Banerjee, President and Managing Director, Hughes Communications India Ltd said these are exciting times for satellite broadband service providers as VSAT becomes mainstream, driven by growing demand from enterprise and government segments.

"We are very excited about the synergies that this partnership will bring to the Indian ecosystem," Banerjee said.

Ajay Chitkara, Director and CEO, Airtel Business said the partnership will bring synergies to the forefront and combine the capabilities of both the companies.

 

"Customers can look forward to highly secure and reliable connectivity solutions across the length and breadth of India," he said.

Tags: telecom, internet, bharti airtel, hughes communications, vsat, very small aperture terminal
Location: India, Delhi, New Delhi