Hathway to Demerge its Broadband Business

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Hathway Cable and Datacom to carve out its broadband business into Hathway Broadband Pvt Ltd. With demerging of broadband business Hathway is looking forward in development of broadband business and eventually contribute to wireline broadband penetration.

“This restructuring recognizes that the market dynamics of the Broadband Business are unique as compared to our parent Cable Television business. The separation is a step towards increasing the Broadband Business’ customer focus and market competitiveness and in delivering a superior value proposition to our subscribers,” Jagdish Kumar, MD & CEO- Hathway Cable & Datacom Limited, said in a statement. Read more

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Sweekar S

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