Shares of cable TV and broadband service providers Hathway Cable and Datacom Ltd and Den Networks Ltd rise as much as 15.6% and 7%, respectively
Reliance Industries on Monday unveiled plans to launch high-speed internet services in India, in tie-up with Microsoft
Reliance Industries owns a 51.3% stake in Hathway Cable and 66% in Den Networks
Jio, which has crossed the 340 mln subscriber mark, will launch Jio GigaFiber broadband services next month
The service will include access to television channels, fixed-line telephone calling and video conferencing and will be priced between Rs 700 to Rs 10,000 per month
Hathway stock surged to near 3-month high, while DEN stock jumped to a 4-month high
Up to last close, Hathway has lost 23% this year, while DEN is down 5%.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.