Vodafone India, the country’s second largest cellco by subscribers, is set to buy cable provider YOU Broadband for approximately INR4 billion (USD59 million), reports Economic Times. The two companies are thought to have been in talks for the past three months and are now preparing documents to finalise the acquisition.
As noted in TeleGeography’s GlobalComms Database, YOU Broadband was established in 2001 by British Gas and Iqara Broadband, and now operates over 3,000km of fibre-optic cable, with last-mile connectivity provided via a network of more than 6,000km of coaxial cable. The company was acquired by Citi Venture Capital International (CVCI) in June 2006, whilst CVCI was itself taken over by The Rohatyn Group (TRG) in December 2013.
Separately, Vodafone India has commenced the roll out of its own ‘Superfast’ 3G network in the state of Rajasthan. Utilising 2100MHz frequencies, the operator has so far installed more than 1,100 base stations across the region and says it will continue to expand, expecting to complete the third generation mobile network deployment by the end of February 2016. Until now, Vodafone has been providing 3G services to its Rajasthan-based subscribers via intra-circle roaming agreements with Bharti Airtel and Idea Cellular.