Dubai buys into Indian broadband provider

Dubai Investment Group to acquire a 40% stake in Time Broadband.

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By  Lynne Roberts Published  August 22, 2007

Dubai Investment Group (DIG) has acquired a 40% stake in Indian Internet TV provider Time Broadband Services Ltd (TBSL).

The move comes via DIG subsidiary Dubai Ventures as TBSL prepares to launch services in India. The company plans to introduce satellite channels, new film releases, interactive TV and on-demand services in its native market.

Abdulhakeem Kamkar, CEO of DIG, said in a statement 'India is one of our key markets. We are impressed by the initiatives of the state owned telecom firms, where they are heavily investing in the latest technology to upgrade their telecom networks to gear up for broadband play.’

‘IPTV is the future for broadband content across multiple platforms and has the potential to globally change the way people watch cable television. Our intention is not only to make this a success in India, but to help the company take this value proposition globally,’ he added.

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