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NDS to invest $150 mn more in India

NDS to invest $150 mn more in India
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First Published: Wed, Nov 05 2008. 12 30 AM IST
Updated: Wed, Nov 05 2008. 09 32 AM IST
New Delhi: Technology solutions company NDS Group Plc. said on Tuesday it will invest $150 million (Rs729 crore) in India to fund expansion in the backdrop of the growing digitization of pay TV in the country. It has already invested at least $120 million in India operations.
“We will continue to invest in developing our business here,” said Sue Taylor, senior vice-president and general manager, Asia-Pacific, NDS.
The company said it had revenues in excess of $65 million from India annually. The company’s clients in India include direct-to-home (DTH) service providers Tata Sky Ltd and Dish TV India Ltd and cable and satellite television operators Hathway Datacom Pvt. Ltd and Digital Entertainment Network among others.
The latest entrant into the DTH space, Bharti Airtel Ltd, also announced on Tuesday its partnership with NDS. “With the support of our technology partner NDS, we look forward to providing superior, state-of-the-art services to our DTH service customers,” said N. Arjun, executive director, Bharti Telemedia, a subsidiary of Bharti Airtel.
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First Published: Wed, Nov 05 2008. 12 30 AM IST