wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , , ,

Cable TV companies’ shares tank as Reliance announces JioGigaFiber

Shares of cable TV companies like Siti, Hathway and DEN Networks tanked on Thursday as Reliance announced its home broadband offering, JioGigaFiber, which comes with access to TV channels provided by Reliance’s JioTV app, Moneycontrol reports. DEN’s share price fell by 11% while Hathway slid by 18%. Here’s how the share prices reacted for DEN:

And here’s Hathway:

Jio’s fiber-to-the-home (FTTH) efforts have been on beta in a few thousand homes. The company said that on August 15th, users will be able to register interest for the service. The company will prioritize neighbourhoods with high demand but will be simultaneously doing the rollout in over a thousand cities. No tariffs were announced for JioGigaFiber. This could be because the company may price differentially across different cities depending on the costs that come with each neighbourhood.

ReadWhatsApp, YouTube, and Facebook on JioPhone; telco announces fiber broadband

Advertisement. Scroll to continue reading.
Written By

I cover the digital content ecosystem and telecom for MediaNama.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ