ONEOTT Intertainment Ltd. (OIL) and Triple Play Broadband have announced a strategic alliance.
OIL, a part of NXTDigital Media Group and a subsidiary of Hinduja Global Solutions Ltd. (HGS), will work with Triple Play to leverage its vast expanse of fibre and direct broadband customers across the predominantly commercial regions of the national capital region, especially Gurugram. The alliance comes close on the heels of entering into an agreement with leading Mumbai-base ISP Seven Star – for acquiring a majority stake.
OIL has been on an aggressive growth drive and the alliance with Triple Play and acquisition of a majority in Seven Star’s broadband business in quick succession reflects the focus, adding over 100,000 subscribers in high ARPU markets. Triple Play is a well-established broadband player, with strong customer relationships in Delhi and NCR regions. The alliance is looking to focus on increasing broadband penetration in these markets whilst in parallel offering IPTV and OTT services to its customers.
Vynsley Fernandes, Whole-time Director at HGS and MD and CEO of OIL said, “Triple Play is an exceptional ISP in terms of market reach and quality of service and we’re delighted to welcome them into the Hinduja fold. We’re committed to working together to deliver value to our customers; a commitment which is also solidly reflected in us acquiring a majority stake in Seven Star’s broadband business, with whom we entered into an alliance earlier this year.”
Triple Play Broadband Chairman and Managing Director, Navneet Sethi added “We have established a very strong business in Triple Play across Delhi and the NCR, built on significant investments in infrastructure. We believe it is the right time to align with what is easily one of India’s most agile ISPs, viz. OIL – where together we will not only expand the customer base but also offer a wider portfolio of solutions”.