BSNG, Videocom and BharataNet are merging their businesses, joining forces to offer a more efficient, cheaper, and faster Internet connection for all Indians.
The merger of Videocon, Bharat Net, BSN L, and BharatiNet, which is also known as Videocon L and Videocon B, will give all Indian households access to the Internet by 2022.
The new company is also the second one to merge into one, after Videocon had merged with Vodafone, the country’s second largest telecommunications company.
The other is BSN.
The merged companies will provide a streamlined, cost-effective and fast Internet connection to all Indian homes, according to a statement by Videocon.
The companies have agreed to merge to achieve synergies across their business and will continue to operate independently.
The two companies will continue their partnership in a new business, said BSN Chairman and Managing Director Murali Vijayakumar.
BharatNet has a diverse portfolio of services including online education and digital media platforms and provides the backbone for digital content distribution and the transmission of media.
Videocon’s business is a broad range of media including mobile apps, digital media content, video games, sports content, and social media.BJP leader Arun Jaitley on Friday said the government has decided to allow the merger of the two companies and all Indian consumers will have access to Internet connectivity.
“BharatiNet has been providing the best connectivity to all India for a long time.
We are happy to see the merger happening, and we will continue this policy for the benefit of all India,” Jaitler said.
BSN is the largest telecommunications operator in the country with a population of over 14.5 crore.
The government said in its statement that the new company will enable the new generation of digital media platform that will be created by Bharatnet.
It will help the country and its citizens to have access and access to a comprehensive Internet service and will be a catalyst for the growth of Internet in India.