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ModiCorp forms strategic alliance with Star Hub

17-March-2001
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ModiCorp forms strategic alliance with Star Hub

ModiCorp, the joint venture telecom company of Modi Holdings and Singapore Technologies Telemedia (STT), has forged a strategic alliance with Singapore-based Star Hub to foray into national and international long-distance operations.

Star Hub would enable ModiCorp to optimise its network for cellular services, ModiCorp would leverage Star Hub’s international presence to offer ILDO services in India and Nepal. To fund its extensive plans in the telecom sector, the BK Modi-promoted company is open to diluting its 68.5 per cent stake to 51 per cent. The other shareholders are NTT (20 per cent) and the employees (11.5 per cent).

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Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.