RIL plans to pick up 26 per cent stake in leading cable operators.

RILReliance Industries (RIL) is planning to pick up at least 26 per cent stake in leading cable operators, including multi-system operators, the reports said.

The move is a part of the group’s plan to line in cable operators and multi-system operators (MSOs) as partners to offer last-mile connectivity to consumer homes for 4G broadband services, which would comprise data, voice and television.

According to sources, RIL has approached Den Networks, Digicable Networks, Hathway Cable, the Hinduja, promoted IndusInd Media and Communications Ltd (InCable) and several independent MSOs with smaller operators with good regional presence. There are over 6,000 cable operators in the country.

The move comes presently after RIL determined to invest in a media group TV18’s two main companies through rights issues. The deal would provide RIL access to content for its 4G broadband internet venture.

An RIL spokesperson said that Infotel was engaged in carrying reasonable, cutting-edge wireless broadband and broadband-enabled digital services to customers across the country.

However, RIL did not want to comment on definite names, given the strategic and confidential nature of the discussions.

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