*** promises $150m to India

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*** promises $150m to India

Conditional Access specialists *** had a clutch of senior staffers in Delhi on Nov 4 to celebrate business wins in the nation and announce a new slice of local investment.

Dr Abe Peled led the *** delegation and told journalists that *** had already invested $120m in the country to date, but would add another $150m to that sum over the next 4 years. *** made its first foray into India by opening an R&D facility in Bangalore in 2000.

*** Group Chairman and CEO Abe Peled said: "Our research centre in Bangalore has over 1,000 employees and is the largest and fastest growing. In fact 26% of our total global employees are in India."

The operations of *** in India now cater for big names like Bharti Airtel, Digital Entertainment Network (DEN), cable MSO Hathway and DTH operator Tata Sky, demonstrating ***'s commitment to helping its customers deliver an enhanced viewing experience to an estimated 16 million Indian viewers.

Anuj Gandhi, CEO, DEN said: "As the latest entrant in the cable space, DEN has been aggressively focused on continuously innovating to deliver more channels and services to its subscribers. *** is an important partner for us as they offer a combination of local support and leading edge TV services, both of which are essential in the innovation process and help us achieve customer delight."

Indian cable giant Hathway’s MD/CEO Mr K Jayaraman said: "Hathway's partnership with *** has resulted in an exceptional viewing experience for our subscribers."

*** is in the process of being taken private by a j-v consortium that includes Permira and News Corporation, likely to close this winter.
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