Pacific Internet today welcomed the Hinduja Group and the Thakral Group as its new partners in its India joint venture company, Pacific Internet India Private Limited. This arrangement is subject to the necessary approvals from the regulatory authorities in India.
Negotiations are currently underway to complete and formalise the joint venture agreement.
Details of this collaboration as well as a live demonstration of the features of the service will be disclosed in a press conference after the joint venture agreement has been finalized. India is strategic to our pan-Asia game plan. The Internet market is growing exponentially in India. We are determined to capture a big chunk of this market. India has approximately 20 million cable subscribers compared to an estimated 12 million telephone users.