Acquisition of Sri Sai Cable expected to significantly enhance Lytus Technologies’ presence in Telangana region
Published Date – 08:43 PM, Wednesday – 5/17/23
Acquisition of Sri Sai Cable expected to significantly enhance Lytus Technologies’ presence in Telangana region
Hyderabad: Nasdaq-listed Lytus Technologies Holdings Private Limited announced the acquisition of Sri Sai Cable and Broadband Private Limited, one of the leading regional multiservice operators (MSOs) in Telangana.
By acquiring a 51% stake in Sri Sai Cable and Broadband Private Limited, which has more than 1 million subscribers, Lytus Technologies aims to expand its footprint in India in line with its strategic growth plan, according to a press release. .
The acquisition of Sri Sai Cable is expected to significantly enhance Lytus Technologies’ presence in the Telangana region, extending its customer base to Andhra Pradesh, Maharashtra and Kerala.
Sri Sai Cable and Broadband Private Limited has over 40% market share in its private network segment, with a thriving network of over 6,500 local cable operators. Existing consumers of Sri Sai Cable will benefit from the enhanced technology for a better viewing experience as a result of Lytus Technologies acquiring a majority stake in the company, the release said.
Lytus Technologies provides monthly subscription linear TV and Internet services to retail and business customers. The company’s robust network infrastructure spans a 5,000-kilometer deployed network, providing fiber optic and broadband services.
