Lytus acquires 51% stake in Telangana MSO

Lytus Technologies Holdings on Wednesday announced its acquisition of Telangana- based regional multi-service operator (MSO) Sri Sai Cable and Broadband marking its strategic expansion in the Indian market.

The company reported the acquisition of a 51 per cent stake in Sri Sai Cable and Broadband, which boast a subscriber base of over one million.

Commenting on the acquisition, Dharmesh Pandya, CEO of Lytus Technologies said, “since our inception, we are committed to providing diverse entertainment options to the Indian audience. The recent acquisition of Sri Sai Cable and Broadband enables us to expand our reach by offering cable and internet services not only to consumers in Telangana but also to the extended subscriber base in Andhra Pradesh, Maharashtra and Kerala”.

Srinivas Palle, CEO of Sri Sai Cable and Broadband said, “Indian customers are now evolving and are keen to receive high-quality services. Being one of Telangana’s major multi-service operators, we strive to cater to ever-changing consumer behavior. With our partnership with Lytus Technologies, we will continue to focus on client needs and expand our footprint in larger parts of India maintaining and improving our technology in order to gain a larger market share in our network locations”.

Lytus Technologies is a company offering high-value streaming and telemedicine services to over four million active users and monthly customers across India and USA. BW Businessworld