Bharti Airtel Subsidiary Bharti Telemedia To Launch DTH Operations by Q4 2007-08

Bharti Airtel Ltd has announced that Bharti Telemedia, a subsidiary of the Company on August 07, 2007 announced that it plans to launch the Direct To Home (DTH) (Satellite TV broadcast) services by the last quarter of FY 2007-08. The Company has received the Letter of Intent (LoI) for commencing its DTH services from the Union Ministry of Information & Broadcasting.

Announcing the development, Mr. Manoj Kohli, President & CEO, of the Company said, "The launch of DTH services will add tremendously to our existing bouquet of integrated telecom offerings. We will be deploying world-class technology and infrastructure to offer the best in class DTH services to our customers."

The DTH services will be launched nationally by the Company. Towards this, the Company is setting up state-of-art infrastructure near Gurgaon (Haryana) for the purpose of uplinking and broadcast.

The stock closed the day at Rs.876, up by Rs.14.85 or 1.72%. The total traded quantity was 94734 compared to 2 week average of 324568. The stock hit an intraday high of Rs.881 and low of Rs.870.

Source : Equity Bulls

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