Vodacom, one of India’s largest telcos, has agreed to buy US-based Jio TV for $1.2 billion.
Vodacomm chairman Mukesh Ambani said the deal would help Jio reach new markets.
The company is one of the world’s biggest telcos with a market value of $5.5 trillion.
It will buy Jio, which has been struggling to compete with rivals in the US, Australia and other countries, in a deal that is expected to close in March.
The merger will add to a global conglomerate of three leading telcos in India.
Jio is the country’s second largest mobile-phone provider.
Ambani said he would work to expand Jio’s international operations to expand its reach, with the goal of bringing the entire Indian market online.
Jio has become the dominant player in the Indian mobile market.
It currently has more than 40 million subscribers.