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Bharti Airtel, Hughes form joint venture to provide satellite broadband services in India

05 Jan 2022 Evaluate

Bharti Airtel and Hughes Communications India (HCIPL), a majority-owned subsidiary of Hughes Network Systems, LLC (HUGHES), have formed a joint venture to provide satellite broadband services in India.

Operational as HCIPL, the entity combines the Very Small Aperture Terminal (VSAT) businesses of both companies to offer flexible and scalable enterprise networking solutions using satellite connectivity for primary transport, back-up and hybrid implementation. The agreement, announced in May 2019, has received all statutory approvals, including those from the National Company Law Tribunal (NCLT) and Department of Telecom (Government of India) and the joint venture has been formed.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1818.85
Vodafone Idea 14.28
Indus Towers 381.25
Tata Communications 1695.40
Railtel Corp. India 263.10
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