Will Offer special plans including one month free trial for Mi LED TV users
Bengaluru, 12 June 2018: ACT Fibernet (Atria Convergence Technologies Ltd.) India’s largest fiber-focused wired broadband ISP (Internet Service Provider)[i] today introduced special internet broadband plans for Mi LED TV users. As part of this collaboration ACT Fibernet will offer specially customised broadband plans across Delhi, Bengaluru, Chennai and Hyderabad beginning 12 June 2018.
Speaking on the partnership, spokesperson of Atria Convergence Technologies Ltd said, “ACT Fibernet with its next gen fiber-optic technology allows incredible internet experience to users especially when streaming and viewing movies, shows, in HD and 4K televisions. We are happy to partner with Xiaomi and extend our expertise to Mi LED TVs. We will work together to power its TV users with high-speed fiber connection so that they can make their viewing experience come alive”
Sudeep Sahu, Product Manager, MiTV, Xiaomi India, “We are delighted to extend high speed fiber broadband connectivity to our Mi LED TV users in India, in partnership with ACT Fibernet. With our content first philosophy, we hope to bring each Mi LED TV user a unique experience with a personalized interface. All this and much more is possible with PatchWall inbuilt into the world's thinnest LED TV. Mi LED TV offers over 500,000 hours of content and we are confident that ACT Fibernet’s reliable and high-speed Internet connectivity enables an enriching experience for our users.
The below table captures the plan details: -
ACT Platinum Promo
A - Max 1299
ACT is India’s largest fiber-focused wired broadband ISP as on September 30, 2017 (in terms of number of fiber broadband internet subscribers from residential homes) (Source: India Broadband Market Overview – 2017 dated February 19, 2018, prepared by Media Partners Asia). Headquartered in Bangalore, ACT has operations in 12 Indian cities as on December 31, 2017 with approximately 1.28 million customers.
Xiaomi was founded in 2010 by serial entrepreneur Lei Jun based on the vision “innovation for everyone”. We believe that high-quality products built with cutting-edge technology should be made accessible to everyone. We create remarkable hardware, software and Internet services for and with the help of our Mi Fans. We incorporate their feedback into our product range, which currently includes Mi and Redmi smartphones, Mi TVs and set-top boxes, Mi routers, and Mi Ecosystem products including smart home products, wearables and other accessories. With presence in over 70 countries and regions, Xiaomi is expanding its footprint across the world to become a global brand.
Xiaomi India is the #1 smartphone brand in India in Q3, Q4 2017 and Q1 2018, as per IDC.
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Atria Convergence Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a Draft Red Herring Prospectus dated March 24, 2018 with the Securities and Exchange Board of India (“SEBI”) on March 26, 2018. The Draft Red Herring Prospectus is available on the website of the SEBI and the websites of ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and HDFC Bank Limited.
Investors should note that investment in equity shares involves a high degree of risk and for details should refer to the Red Herring Prospectus which may be filed with the Registrar of Companies, Bengaluru in the future, including the section titled “Risk Factors”.