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News >> Technology >>
Tatas set to acquire a broadband firm
By siliconindia staff writer
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Tuesday, 10 February 2004, 20:30 IST
NEW DELHI: With a view to leading the broadband revolution in the country, Tata Group is mulling an acquisition for which it is currently conducting due-diligence of a domestic broadband company.
"We are doing a due-diligence of a broadband company which has a broadband subscriber base of 30,000 customers. Once we make an acquisition, we will have a starting point in the broadband arena," Kishore Chaukar, managing director of Tata Industries said addressing Supercomm India 2004 here.
He, however, declined to identify the broadband company.
Highlighting the role of broadband in development of the telecommunications sector in India , he said, "Tata Group feels that India will find its place in broadband capability. The factors that will drive broadband growth will be its availability, quality and awareness."
Listing out the needs for telecom sector especially broadband, he said, "It will be through sharing of infrastructure by players. We cannot afford to have 5-10 networks."