Technology

VSNL buys out 7 Star's cable internet business













MUMBAI: Videsh Sanchar Nigam Ltd (VSNL) is on a shopping spree. The telecommunications giant has bought out the internet business of 7 Star, a major cable network in Mumbai.


The deal gathers significance as it allows VSNL last mile access and offers an expansion route through cable operators. Telecom operators like Reliance Infocomm and Bharti have been eyeing the retail broadband market but been unable to see rapid growth.


Though the acquisition price could not be confirmed, market speculation is that VSNL has paid around Rs 70-80 million. The cable TV operations are outside the deal. 7 Star runs cable TV operations in the western suburbs of Mumbai and offers cable internet through LAN (local area network) connections.


"We have acquired the internet business of the 7 Star group?Sevenstar.com. We cannot disclose further details due to confidentiality reasons. We continuously evaluate options for growing our presence in the internet and broadband space," confirms a VSNL spokesperson. 7 Star promoters were not willing to comment on the deal.


The cable internet subscribers of 7 Star will be migrated to the Tata Indicom Broadband brand over a period of time. "7 Star will continue to assist us in managing the customers," says the VSNL spokesperson.


Analysts say VSNL was willing to pay a higher price because 7 Star was almost a monopoly internet player in the area where it was servicing cable TV operations. The stretch included the western belt of Andheri and Santa Cruz in Mumbai.


VSNL has tied up with around 2000 cable operators across the country to overcome the problem of last mile connectivity. VSNL executive director N Srinath had earlier said allying with operators and sharing their network was one of the best options the company had.


For strengthening its broadband presence in the Small and Medium Enterprises (SME) segment, VSNL on Monday announced it had entered into an agreement to buy out Direct Internet Ltd (DIL) and its wholly owned subsidiary Primus Telecommunications India Ltd (PTIL) for Rs 750 million. While DIL will focus entirely on the SME segment, the retail customers are likely to be rehomed in VSNL. The earlier acquisitions of VSNL included DishnetDSL for Rs 2.7 billion and Tata Power broadband for Rs 2.39 billion which gave it broadband subscribers in the retail as well as the SME segments.


Is VSNL looking at tie ups with cable operators for IPTV service as well? "VSNL currently is providing broadband and content services, in conjunction with cable operators. The company will continue to look at offering various value added services that is of mutual benefit to VSNL and the cable operators," says the spokesperson. Reliance Infocomm, Bharti and other telecom operators have plans to rollout IPTV but have been unable to resolve the last mile connectivity.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/16/divesh.jpg?itok=zBE4YL3k
Livestreaming App SWOO sees momentum in India; Launches Trivia Format in India

SWOO, a leading global livestreaming platform established in Middle East, today announced the launch of its SWOO TRIVIA SHOW ? a celebrity hosted live video streaming game show for Indians. SWOO is a user friendly, engaging and feature-rich live broadcasting app available across Android/ iOS/ Web...

Technology Software Applications
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/14/TiVo-800.jpg?itok=YeoN1Hcd
TiVo exits STB business

MUMBAI: TiVo is exiting the manufacturing, sales and distribution of set-top boxes to a yet-undisclosed third party, the company has said.

Technology Hardware Set-top Boxes
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/09/iot.jpg?itok=8nXgmc_U
IET India IoT Panel joins hands with exhibitions india group for the 3rd edition of IoT india congress

IoT India Congress is India?s Platform of Platforms for the Internet of Things conceptualized by IET India IoT Panel, a think tank constituted by the Institution of Engineering and Technology (IET) India. The 3rd edition of IoT India Congress will be hosted in collaboration with India?s leading...

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/08/lexi.jpg?itok=uPD543QG
Tata Elxsi's Automation suite adopted by pan-European Media and Telecommunications Company

Tata Elxsi, a global design and technology services company, announced the licensing of its integrated test automation and monitoring suite ?FalconEye? to a pan-European media and telecommunications company for OTT automation and improving streaming performance.

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/13/nabshow.jpg?itok=S9rP2yss
Verimatrix recognized for contributions to latin american Pay-TV market with PRODU award win at NAB Show

LAS VEGAS: Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services, has received the PRODU Award for Best Pay-TV Technology Contribution on behalf of its MultiRights? OTT solution. MultiRights helps service providers effectively navigate the modern OTT...

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/09/magai.jpg?itok=233hZ8S7
Amagi debuts machine-learning powered content-preparation suite

Amagi, a cloud-based technology provider for media processing, has launched Tornado, a machine learning-based content preparation service that enables TV networks and content owners to scale their operations and accelerate broadcast workflows.

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/03/08/tivo.jpg?itok=1e68Zg0C
Sharp and TiVo extend interactive program guide deal to power content Discovery across entertainment devices

MUMBAI: TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced that Sharp Corporation will further utilize TiVo?s G-Guide HTML across Sharp 4K smart TVs and Ultra HD Blu-ray recorders in Japan, TiVo?s G-Guide xD app and remote schedule...

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/01/25/priyanka.jpg?itok=s2F-oxzy
HARMAN announces Priyanka Chopra as global brand ambassador

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced that actress, singer, producer and philanthropist Priyanka Chopra has been named a global brand ambassador for the...

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/01/24/etere_0.jpg?itok=PCzLNCEq
Etere HSM expands interoperability with Grass Valley

Etere HSM features an integration with Grass Valley that improves interoperability, streamlines connectivity, enables faster content processing and includes deep archive capabilities. Etere introduces a new integration layer between Etere Hierarchical Storage Management (HSM) and Grass Valley...

Technology Hardware Components

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories