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%.