Hinduja group firm Nxtdigital and Thaicom have sign a memorandum of understanding to form a strategic partnership to enter the broadband-over-satellite market and related services in India.
The agreement envisages a partnership that includes deployment of broadband-over-satellite (BoS) systems on India-focused capacity.
The BoS systems could be enhance to provide additional capacity on a software-define high throughput satellite, augmenting the existing IPSTAR-1 — the first broadband satellite in the world which has been operational over India for the past many years.
The pact includes a discussion on possible partnership in broadband subsidiary of NDL — OneOTT Intertainment Limited (OIL) — which is India’s fourth largest private internet service provider with over 1 million customers and a presence in over 150 cities and towns, according to a joint statement by the two companies .
The details of partnership elements are being discuss and will be document in definitive agreements between Thaicom and NDL, the statement said.
Patompob (Nile) Suwansiri, director and chief executive officer at Thaicom, Said :
Vynsley Fernandes, managing director and CEO at Nxtdigital, Said :
Both the companies have also agreed to set up a centre for excellence to develop new satellite and relate digital base technologies through artificial intelligence and analytics.