Bharti Airtel Limited and Hughes Communications announced an agreement to combine their VSAT operations in India. The transaction is subject to approvals by relevant authorities.
As per the agreement, Hughes will have majority ownership in the combined entity and Airtel will have a significant shareholding.
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.
HCIL is the leading broadband satellite service operator in India. It provides a comprehensive range of broadband networking technologies, solutions, and services for businesses and governments.
The combined entity will be able to introduce new VSAT and related technologies to deliver a wide range of quality products and service. The combined entity will continue to serve existing Hughes and Airtel customers.
