India's Reliance To Gain Access To TV18 Content

Law360, New York (January 3, 2012, 1:30 PM EST) -- Reliance Industries Ltd., India's private-sector energy giant, has bolstered its foray into the 4G broadband space with an investment in two TV18 Broadcast Ltd. networks that will give it preferential access to their distribution content, the company announced Tuesday.

As part of the deal, RIL said it would divest itself of a portion of its interest in regional broadcaster ETV's channels to TV18 for an unspecified amount. RIL unit Infotel Broad Band Services Ltd. in turn entered into the memorandum of understanding giving it access to...
To view the full article, register now.