Bharti Airtel and Hughes Communications, the global leader in broadband satellite networks and services, announced an agreement to combine 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. The combined entity will benefit from enhanced scale, improved operational efficiencies and wider market reach. The combined entity will be well positioned to leverage the demand for secure connectivity in a rapidly growing digital economy.
The combined entity will be able to introduce new VSAT and related technologies to deliver a wide range of quality products and service. The combined entity will continue to serve existing Hughes and Airtel customers.
Partho Banerjee, President and MD, Hughes Communications India
We are very excited about the synergies that this partnership will bring to the Indian ecosystem. These are exciting times for satellite broadband service providers as VSAT becomes more mainstream, driven by growing demand from both, enterprise and government segments.
Ajay Chitkara, Director and CEO, Airtel Business
The partnership will bring amazing synergies to the forefront and combine the proven capabilities of both the companies. Customers can look forward to highly secure and reliable connectivity solutions across the length and breadth of India.
