Airtel, Hughes to combine India VSAT operations
Bharti Airtel and Hughes Communications India announced an agreement on Tuesday to combine their VSAT operations in India and leverage the demand for secure connectivity in a rapidly growing digital economy.
Hughes will have majority ownership while Airtel will have a significant shareholding in the combined entity that will benefit from enhanced scale, improved operational efficiencies and wider market reach, according to an official statement.
“These are exciting times for satellite broadband service providers as VSAT becomes more mainstream, driven by growing demand from both, enterprise and government segments,” said Partho Banerjee, President and Managing Director of Hughes Communications India.
Ajay Chitkara, Director and Chief Executive Officer of Airtel Business, said: “The partnership will bring amazing synergies to the forefront and combine the proven capabilities of both the companies. Customers can look forward to highly secure and reliable connectivity solutions across the length and breadth of India.“
The transaction is subject to approvals by relevant authorities, said the statement. (ANI)