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Asian Age-Infinet in media-tech JV

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DQI Bureau
New Update

HCL Infinet, the internet service arm of HCL Infosystems and Asian Age, a prestigious daily have formed a JV called Asian Age-Infinet. Asian Age will hold 60% stock in the new company, Which reflects that the JV is focused on generating content. HCL Infinet will provide the necessary technical support. The site, expected to go live by the end of July, will also be the default page of HCL Infinet.

MJ Akbar, Chairman and MD, Asian Age-Infinet, said, “This merger is an Indication of the convergence that is happening all around us. The future of all internet business will depend on content. However, content management is also important and that’s where this JV will be a winwin for both the parties involved” The revenue streams for the site will be advertising and ecommerce.

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