Bharti Airtel enters in JV with Hughes

Bharti-Airtel

Hughes Communications India Pvt Ltd, (HCIPL) and Bharti Airtel announced the formation of a joint venture to provide satellite broadband services in India.

The agreement, announced in May 2019, has received all statutory approvals, including those from the National Company Law Tribunal (NCLT) and Department of Telecom (Government of India) and the joint venture has been formed.

Bharti Airtel was quoting at Rs 694.60, down Rs 2.60, or 0.37 percent on the BSE.

News Source:- Moneycontrol

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