Question – On January 5, 2022, Hughes Communications India and Bharti Airtel announced the launch of a joint venture Hughes Communications India Private Limited (HCIPL). What will be Bharti Airtel’s stake in this joint venture?
(a) 49 percent
(b) 45 percent
(c) 40 percent
(d) 33 percent
Answer—(d)
Related facts—
- On January 5, 2022, Hughes Communications India and Bharti Airtel announced the launch of a joint venture Hughes Communications India Private Limited (HCIPL).
- The joint venture has been formed after getting approval from the National Company Law Tribunal (NCLT) and the Department of Telecom.
- HCIPL combines the Very Small Aperture Terminal (VSAT) businesses of both companies to offer flexible and scalable enterprise networking solutions using satellite connectivity for primary transport, back-up and hybrid implementation.
By – Pankaj Pandey