RIL PRESS RELEASE
Mumbai,
3rd January 2012:
RIL today announced that a part of the interest owned by it in
the ETV Channels is being divested to TV18 Broadcast Limited (TV18). As a part of the
deal, Infotel Broad Band Services Limited (“Infotel”), a subsidiary of RIL, has entered into a
Memorandum of Understanding with TV18 and Network18 Media and Investments Limited
(Network18) for preferential access to all their content for distribution through the 4G
Broadband Network being set up by it.
As per the Memorandum of Understanding, Infotel shall have preferential access to (i) the
content of all the media and web properties of Network 18 and its associates and (ii)
programming and digital content of all the broadcasting channels of TV18 and its
associates on a first right basis as a most preferred customer.
Infotel is setting up a pan India world class 4
th Generation Broadband Network using state
of the art technologies. Infotel expects to take a leadership position in content distribution
through broadband technology through a host of devices. Digital content from
entertainment, news, sports, music, weather, education and other genres will be a key
driver to increase consumption of broadband.
RIL, through investments of about Rs.2600 crores, by its group companies, currently holds
interest in various ETV Channels being operated and managed by Eenadu Group viz. (i)
100% economic interest in regional news channels, namely ETV Uttar Pradesh, ETV
Madhya Pradesh, ETV Rajasthan, ETV Bihar and ETV Urdu channel (“News Channels”) (ii)
100% economic interest in ETV Marathi, ETV Kannada, ETV Bangla, ETV Gujarati and
ETV Oriya (“Entertainment Channels”) and (iii) 49% economic interest in ETV Telugu and
ETV Telugu News (“Telugu Channels”).
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