The combined entity will introduce new VSAT and related technologies and will continue to serve existing Hughes and Airtel customers.
Bharti Airtel and Hughes Communications, a subsidiary of Hughes Network Systems, which provides broadband satellite networks and services, on Tuesday said that the companies will be combining their VSAT operations in India.
As per the agreement, Hughes will have majority ownership in the combined entity and Airtel will have a significant shareholding.
Partho Banerjee, President and Managing Director, Hughes Communications India opined that these are exciting times for satellite broadband service providers as VSAT becomes more mainstream, driven by growing demand from both, enterprise and government segments.
Going forward
The combined entity will introduce new VSAT and related technologies and will continue to serve existing Hughes and Airtel customers.
Ajay Chitkara, Director and CEO of Airtel Business has stated that the partnership will bring amazing synergies to the forefront and combine the proven capabilities of both the companies.
The transaction is subject to approvals by relevant authorities.
