Videocon, HFCL may end Datacom row: report

01 January 2009

Datacom partners Mahendra Nahata of Himachal Futuristic Communications (HFCL) and the Dhoots of Videocon Group are working on a solution to end their corporate battle, media reports said.

However, Himachal Futuristic Communications (HFCL) has clarified that it has not entered into any agreement with Videocon Industries (Videocon) regarding Datacom Solutions so far.

''Since there is no agreement/dispute between HFCL and Videocon regarding Datacom, the question of settlement of dispute does not arise at all,'' HFCL said in a release.

Newspaper reports citing the presence of the Dhoots and the Nahatas at the launch of HFCL's joint venture IPTV project along with Bharat Sanchar Nigam Ltd (BSNL), triggered talk of a possible resolution of issues between the two partners.

BSNL, in collaboration with the Mahendra Nahata-led SDPL has launched its internet protocol television (IPTV) service in Hryana. BSNL plans to offer IPTV across 93 cities in the country by the end of the current financial year. 

Nahata has indicated that a resolution over Datacom valuation was on the way although Dhoot refused to comment on the matter, the reports said.