Hinduja TMT

Hinduja TMT Ltd has announced the following Press Release:

"Hinduja TMT Ltd ('Hinduja TMT' proposed to be renamed as Hinduja Ventures Ltd) at its Board meeting held on October 01, 2007 has approved the participation of the Company for the application of the Telecom Licenses.

Hinduja TMT Ltd has in the past successfully run mobile telephony services in Gujarat Circle through Fascel Ltd (under Cell Force brand name) & subsequent consolidation process with Hutch for a creating a nationwide structure. The Company exited the telecom business in 2006.

The Company will be applying for the licenses through HTMT Telecom, which is subsidiary of Hinduja TMT. Hinduja TMT also announced that it has taken a 90% stake in HTM Telecom Pvt Ltd (HTM Telecom).

Hinduja TMT Ltd subsidiary Indus Media and Communications Ltd (IMCL) is India's largest cable TV MSO with 6 million subscribers. IMCL has presence in 15 cities and offers both Digital and Analog services. IMCL offers both video and data services. Hinduja TMT through its subsidiary proposes to fulfill its triple play offering in the market.