Reliance Communication acquired Digicable | subscriber base of 11 million

Reliance Communication acquired Digicable | subscriber base of 11 million, In a bid to create Asia’s largest triple play—digital TV, broadband and voice services–provider, telecom major Reliance Communication has acquired North India-based multi-system operator Digicable in an all-stock deal. The combined entity will be named Reliance DigiCom and will start with a combined subscriber base of 11 million.

Reliance Communications will merge its direct-to-home services, internet protocol television services and retail broadband services with Digicable, which has eight million cable TV subscribers.

It is also being learnt that Reliance Tech Services, which is the IT arm of the ADA Group may be next in line for stake sale. Sources inform CNBC-TV18 that the company may offer 26% stake for sale as it plans to expand its business processing output business. Reliance Tech is also targeting non-ADA Group business.

On Sunday, Reliance Communication had agreed to merge its telecoms communication towers business with that of GTL Infrastructure Ltd to create what it said would be the world’s largest independent telecoms infrastructure firm.

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