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March 28, 2001
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Money > Business Headlines > Report March 28, 2001 |
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EuropeStar plans consortium for DTH foray in IndiaBS ICE Bureau EuropeStar, the joint venture satellite company between Alcatel and Loral Space, is planning to form a consortium with France Telecom's broadcasting arm Globecast and manufacturers of set-top-box like Thomson and Sony to set up a DTH platform in India. EuropeStar is in talks with various Indian companies including Doordarshan, Zee TV, B4U and VSNL to form joint venture partnership for the platform. While the EuropeStar global consortium will take a 20 per cent stake in the DTH platform, the Indian partner will pick up the remaining 80 per cent. Alain Roger, president and chief executive officer, EuropeStar, said: "The policy guidelines issued by the government allows a foreign company to have only a 20 per cent stake in the DTH platform. Therefore we are looking for an Indian company that can take the financial risk of such a huge investment." Roger said that each member would offer its expertise to the consortium. "While Globecast could bring in its multicast and satellite Internet products, we will bring our expertise in satellite technology and set-top-box manufacturers like Samsung or Sony could bring in their equipment. The Indian company with whom we would partner should be able to bring in finance to the table apart from distribution and marketing support." Roger said EuropeStar is placed to offer 8 transponders to India and can offer 500 MHz of bandwidth to Indian broadcasters and content providers. Highlighting the constraints on foreign players, Roger said the 20 per cent cap on foreign participation makes multinational companies to make such large investments without management control. He also said that along with DTH if Internet multicasting is also allowed then it would be an attractive business proposition for companies like EuropeStar to set up the infrastructure in India. Roger said that in return EuropeStar through Alcatel Space could provide assistance to the local space industry in India to develop the latest technology and come up to the world standards of building large satellites.
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