Reliance Jio's Hathway, Hinduja arm in race to acquire Siti Networks

Reliance Jio’s Hathway Digital and Hinduja Group’s IndusInd Media & Communications are among 14 resolution applicants that have shown interest in buying Siti Networks, a troubled Essel Group entity, said people close to the matter.

Hathway Digital and IndusInd Media & Communications did not wish to comment on the development. The 14 companies on the list of PRAs (potential resolution applicants) are expected to submit their resolution plans by January 17.
 

Siti Networks is a multi-system operator and wired broadband service provider with a network of more than 33,000 kilometres of optical fibre and coaxial cable. Its services are spread