MUMBAI: At its recently held board meeting Hinduja TMT Ltd, which is proposed to be renamed as Hinduja Ventures Ltd, has approved its participation for the application of the telecom licenses.
Hinduja TMT Ltd has in the past run mobile telephony services in Gujarat Circle through Fascel Ltd (under Cell Force brand name) and subsequent consolidation process with Hutch for a creating a nationwide structure. The company exited the telecom business in 2006.
The company will be applying for the licenses through HTMT Telecom, which is subsidiary of Hinduja TMT. Hinduja TMT also announced that it has taken a 90 per cent stake in HTM Telecom Pvt Ltd.
Hinduja TMT Ltd subsidiary Indus Media and Communications Ltd (IMCL) is one of India’s largest cable TV MSO with six million subscribers. IMCL has presence in 15 cities and offers both digital and analog services. IMCL offers both video and data services. Hinduja TMT through its subsidiary proposes to fulfill its triple play offering in the market.