Popular digital wallet Paytm’s Paytm Bank gets an infusion of Rs 122 crore. Paytm founder Vijay Shekhar Sharma has invested Rs 62 crore, while the rest was put in by One97 Communications and One97 Communications India.
The leading broadband service provider ACT Fibernethas added 7 more cities in Andhra Pradesh. These cities are: Vijayawada, Vizag, Guntur, Nellore, Tirupati, Eluru and now Rajahmundry. ACT has introduced four broadband plans bundled with free subscription, free wifi routers and additional data offers. Currently, ACT covers 12 cities in the country.
Xstream, the leading OTT and TV Everywhere enabler, has launched a new tool that will enable broadcasters to live stream their OTT content. The award winning MediaMaker OTT/VOD platform can live telecast events and other content.
While debates about net neutrality are reaching globally, the US media watchdog Federal Communications Commission is planning to get rid of net neutrality. The plan will give service providers the freedom to charge customers for different services and applications.
Original content is what makes any OTT player popular among the users. Global OTT giants like Netflix is investing huge amount in original series to keep viewers. Popular OTT app Eros Now has also launched five new original shows that will release over the next two financial years FY18/19.
Nikhil Madhok has returned to his previous employer Star TV after a brief stint at Discovery Networks Asia Pacific. At Star, he will handle content. Some time back, Madhokwas hired by Discovery as SVP, head of products with the specific task of spearheading the re-development of the company’s product suite. He had worked with Star for more than six years.
According to media sources, the US government is ready to file a case to red flag AT&T's merger with Time Warner. The deal involves $85 billion. It was made public a year ago that they would merge. AT&T is a leading internet and pay TV delivery network.
Giving its customers more options to make payments, Hike has partnered with Airtel Payments Bank. The messaging and social technology player Hike has over 100 million registered users and its wallet crossed 5 million transactions in November, growing by over 30% month-on-month.
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