Bharti Airtel bags DTH license
Bharti Airtel bags DTH license Leading telecom service provider Bharti Airtel bagged the license to launch Direct-to-Home (DTH) services across India, reports Business Standard. Bharti Telemedia, subsidiary of Bharti Airtel will handle the DTH operations, and has tied-up with Tendberg Television to provide infrastructure support. Tendberg Television, a subsidiary of Ericsson, will provide a range of solutions including the iSIS 8000 IP head-end and MPEG-4 AVC standard definition encoders. Shares of the company closed up Rs 27.45, or 3.08%, at Rs 918.35. The total volume of shares traded at the BSE was 228,762. (Friday)
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The company in the first phase will invest Rs 1,500 million to launch pan-India services. “We have received the licence and plan to launch pan-India services by the first quarter of next financial year“ N Arjun, head of DTH operations, Bharti Airtel, said.
