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Europestar talking to Zee, VSNL for stake in upcoming DTH venture

28-March-2001
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Europestar talking to Zee, VSNL for stake in upcoming DTH venture

Global satellite major Europestar plans to enter the direct-to-home (DTH) sector in the country by picking up below 20 per cent stake in an upcoming DTH venture, for which it has begun talks with players like Zee, Videsh Sanchar Nigam Ltd. (VSNL) and B4U.

The company has started negotiating with Zee, VSNL and B4U. The satellite company, adhering to DTH guidelines, would take below 20 per cent stake in the upcoming DTH platform. Europestar plans to bring to the venture its satellite capacity of over 30 transponders with eight of the transponders dedicated to India. Europestar I satellite with five beams on Europe, Middle East, South Africa, South East Asia and India would be able to bring space (capacity) which is crucial for any DTH venture .

The company was expecting to finalise an agreement by end of this year. However the company declined to give details about the investments that would be brought in the DTH venture.

Europestar launched the Europestar I satellite, on October 29, 2000, on an Ariane rocket. The satellite is expected to transmit television programmes and Internet communications across the five regions during its 15-year life span.

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