Reliance Jio has acquired majority stake in Hathway Cable & Datacom and DEN Networks

[Deleted member 63558]

Yeah, When you said "CableWallah" I understood what you meant. It's that they might reveal something more which I have asked for.

Anyways, Hathway and DEN both runs on Coaxial Cable which is Old TV Thick Cable Wire (Technology Name: DOCSIS 3.0).

By the way, If your ISP is TriplePlay. How come he knows about the Hathway and JIO thing and their plans which you have told before?

Apart from the acquisition deal, it's quite uncommon that anyone outside would know all that.

While paying my monthly subscription to my cablewallah today... asked him what is new....

He also has Hathway.... told me Jio is coming up with a plan @1000/-... which includes 50Mbps unltd + 1 set top box + unltd voice calling. Add on STB can be availed @599.

Basically, He also has Hathway.... I am not getting this part.

 

[ijsa]

He has around 7-12 ISP's Excitel, Hathaway, TriplePlay and so many others....
Since he had hathaway, so after acquisition by Jio, he will now be selling Jio also....

 

[Sushubh]

Reliance Jio acquires another 12% of Den Networks | Indian Television Dot Com

 

[d5aqoëp]

Pretty sure within 5-6 years, there will not be any alternatives left in any of telecom/broadband/content delivery fields.

 

[Xposed]

RIL to sell Den Networks and Hathway stakes for  ₹1,122  crore

The share sales by promoter firms are aimed at achieving minimum public holding in the companies as per the norms set by the market regulator, Sebi

www.livemint.com

Now what, this doesn't make sense

 

[Realme]

Yup, the other day around I saw a JIO salesman going door-to-door to sell JIO connection. 🤔

 

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[Tejas01]

Be that as it may... I hope Hathway services improve. Their services, especially cable tv, took a hit since Jio acquired stake in Hathway and Den.

 

[Xposed]

Now that is too optimistic to expect because they are selling the minority stick for now to adhere to the latest sebi regulations

 

[Lucifer96]

RIL to sell Den Networks and Hathway stakes for  ₹1,122  crore

The share sales by promoter firms are aimed at achieving minimum public holding in the companies as per the norms set by the market regulator, Sebi

www.livemint.com

Now what, this doesn't make sense

I have a little doubt if they were going to sell hathway, then why did they brought it in the first place? Have they gone mad.

 

[Sushubh]

They are selling some stake to comply with regulations.