RIL linked to bid for Hathway Cable

3 Oct 2018

Reliance Industries Limited (RIL) – the parent company of disruptive 4G start-up Reliance Jio Infocomm (Jio) – has reportedly initiated talks to acquire Hathway Cable, India’s largest cableco by subscribers, the Economic Times writes, citing three people with direct knowledge of the talks. According to the sources, the negotiations are still at an exploratory stage but ‘RIL is aggressively pursuing it,’ one person said, adding that a potential valuation of INR25 billion (USD340.2 million) was being discussed. Another of the sources claimed that Jio was facing resistance from local cable operators in extending last-mile connectivity, slowing down the rollout of its fibre-to-the-home (FTTH) service, GigaFiber. As such, Jio was considering falling back on an earlier plan to acquire one or more multi-system operators (MSOs).

India, Hathway Cable (incl. GTPL), Reliance Jio Infocomm (Jio)