Bennett & Coleman Company Ltd (BCCL), the holding company of the Times of India, has acquired a 5% stake in YOU Telecom India Private Ltd (YOU Telecom), India's first ISO 9001:2000 accredited broadband company.
YOU Telecom is an investee company of Citigroup Venture Capital International Growth Partnership Mauritius Ltd.
EVS Chakravarthy, CEO of YOU Telecom, said: “The real power of broadband will be experienced by the Indian consumer only in the next few years. And YOU will be at the forefront of broadband movement. Our Company intends to be the gateway to access high quality, affordable, next generation broadband services, including IP telephony. Indian consumers can look forward to a first world broadband experience.”
According to P R Srinivasan, director of Citigroup Venture Capital International, “YOU Telecom is in process of building YOU brand — and BCCL can add value to the company's branding efforts.
While YOU stands for customer delight, BCCL has been redefining customer experience. We are looking forward to working with BCCL to build the YOU brand.
Source : India Times