MUMBAI, INDIA: The Board of Directors of Reliance Communications Ltd. (RCom) today approved a proposal to acquire Digicable, India’s largest Cable TV service provider, in an all-stock deal of the new entity.

The new entity named “Reliance DigiCom” is an integration of RCom’s DTH, IPTV and retail broadband operations, with Digicable, said a press release. This will be Asia’s largest, and the world’s 5th largest company, to offer the full-suite of Triple Play services – Digital TV, Ultra High-Speed Broadband and Voice, it added.

Reliance Communications had recently entered into a major tower deal with GTL Infrastructure.

Commenting on the acquisition of Digicable, Reliance Communications chairman Anil Ambani said Reliance Communications led the telecom revolution in India by growing its subscriber base to over 100 million customers in a short span of just five years and the Digital TV and broadband space is poised for similar explosive growth in the years ahead.

“With this game changing move, we hope to lead the next revolution in digital home entertainment in India, by offering a world class TV experience and ultra high speed broadband capability to a billion people,” he said.