Reliance Industries Partners With Den Network and Hathway to Accelerate Jio GigaFiber Rollout

As it rumoured in the last few weeks, Reliance Industries Limited, the parent company of Reliance Jio Infocomm has officially announced its strategic investment in and partnership with Den Networks Limited and Hathway Cable and Datacom Limited. RIL made this move so that it can accelerate the rollout of Jio GigaFiber. For the unaware, Reliance Jio launched its high-speed broadband services in the country back in July and it’s currently offering Jio GigaFiber services on an invite-only basis. Jio wants to grab 50 million users in the country across 1,100 cities. Den Networks and Hathway has a strong foothold in various cities across the country and this partnership will help Jio to rack the operations. These transactions are subject to customary regulatory and other approvals.


RIL-Den Network and Hathway: Partnership Details

Reliance Industries also revealed the transaction details today. According to the information available, RIL made a primary investment of Rs 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs 245 crore from the existing promoters for a 66% stake in Den Networks Limited. Moving onto Hathway deal, RIL made a primary investment of Rs 2,090 crore through a preferential issue under SEBI regulations for a 51.3% stake in Hathway Cable and Datacom Limited.

Furthermore, it’s also said that RIL would make open offers in DEN and Hathway as well as for the following companies as required under SEBI Takeover Regulations: GTPL Hathway Limited, a company jointly controlled by Hathway with 37.3% stake and Hathway Bhawani Cabletel and Datacomm Limited, a subsidiary of Hathway.

As part of this transaction, Jio will be strengthening the 27,000 Local Cable Operators (LCOs) that are aligned with DEN and Hathway to enable them to participate in the digital transformation of India through access to superior back-end infrastructure, tie-ups with content producers, access to latest business platforms to improve business efficiencies and deliver customer experience and investment in digital infrastructure for connecting customers.

And the LCOs will continue to provide localised, intimate, people-friendly and ultra-fast customer services. This will create multiple future opportunities for LCOs as Jio rolls out new services and platforms.

Jio has also confirmed that it started work on connecting 50 million homes across 1,100 cities. It will work together with Hathway and DEN and all the LCOs to offer a quick and affordable upgrade to a lineup of Jio GigaFiber and Jio Smart-Home Solutions to the 24 million existing cable connected homes of these companies across 750 cities.

Reliance is Now Committed to Take India to Top 3 in Wired Broadband Segment

“Reliance is privileged to partner with the Rajan Raheja Group, one of the most respected business houses in India, and Shri Sameer Manchanda, a first generation entrepreneur, who have created strong businesses through their business acumen and perseverance,” said the company in a press statement. “Reliance has the highest regard for the management teams in the respective companies and will work with them to further strengthen and improve business operations,” it further added.

As we already know, Reliance Industries is aiming for 50 million user base in the wired broadband segmented. And the company today stated that these strategic investments are in furtherance of Reliance’s mission of connecting everyone and everything, everywhere – always at the highest quality and the most affordable price and transforming India’s digital landscape.

It’s already known that Jio has taken India to the top position in the mobile broadband space, and the company is now committed to take India from a global rank of 135th to among the top-3 countries in the world on wireline digital connectivity.

Reliance Jio GigaFiber: Registrations Going On Right Now

Reliance Jio started taking registrations to the Jio GigaFiber broadband service since August 15. At the moment, the company is offering Jio GigaFiber services based on the maximum registrations it receives from a particular service. Jio is providing free broadband service under JioGigaFiber Preview Offer for three months. And the company is yet to announce tariff plans as well.

Read more on:

Chakri is a go-to guy for your next smartphone recommendation. Back in his engineering days, he used to play with smartphones by installing custom ROMs and that passion got him into the tech industry. He still goes nuts about a smartphone knocking his door for review. Currently managing everything at Telecom Talk, Chakri is trying to master PUBG Mobile in his free time.

Leave a Reply

Photo and Image Files
11 Comment threads
14 Thread replies
Most reacted comment
Hottest comment thread
17 Comment authors
newest oldest most voted
Kevin Blore

Jio need to acquire arasu cable in TN and Asianet cable service in Kerala to achieve the full target .

Hope they will do it otherwise these two states will miss their service…


Even if Hathway & Den existing customers have still not registered their interest for Jio Giga fiber , are they going to get connection without any offer or migration offer will be there to upgrade it ?

Recent Posts

Vodafone Idea Maintains Connectivity Across India Through 12000 MIMO Sites

Vodafone Idea announced on Thursday that it has deployed over 12,000 massive multiple-input multiple-output (ma-MIMO) sites across India to keep...

Vodafone Idea, Reliance Jio and Airtel Users are Receiving Higher Credits Through Paytm

Paytm, one of India’s leading payments and financial services company has announced an “Weekend Special Offer” that provides users with...

Reliance Jio Users Can Continue Free Jio Data Pack Benefits With These Paid Plans

Reliance Jio, one of the largest telecom operators in India recently offered its users 2GB of additional data under “Jio...