NEW DELHI: Telecom operator Bharti Airteland 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 but Airtel will have a significant shareholding, according to a statement.
The statement did not spell out the financial details of the transaction, because it is subject to requisite approvals.
VSAT is to provide satellite based telecom and internet access to individuals and enterprise users.
HCIL is a broadband satellite service operator in India, But 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,” Therefore the statement added.
Partho Banerjee (President and Managing Director) HCIL, said these are exciting times for satellite broadband service providers.
“We are very excited about the synergies so 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.
