According to reports, the company is investing $250 million in the first phase for the launch and has placed order for over 2 million set-top boxes.

International Markets

U.S. stocks closed sharply lower on Tuesday with Dow Jones Industrial Average, Nasdaq index, and S&P 500 falling between 2.5% and 3%. Market averages fell after January service sector index showed a decline in service industry, contrary to what most economists had hoped.

In Tokyo Nikkei 225 Index closed lower 646.26 or 4.70% to 13,099.24, in Hong Kong Hang Seng index decreased 1339.24 or 5.40% closed to 23,469.46, in Australia ASX 200 index lower 183.50 or 3.17% to close 5,609.40.

Thailand SET index closed lower 13.05 or 1.62% to 794.63, and Indonesia JSE Index edged decreased 65.16 or 2.41% to 2,639.09. Sensex index in India decreased 523.70 or 2.81% to 18,139.49. Market of South Korea was closed today.

In London FTSE 100 Index closed higher 7.40 or 0.13% to 5,875.40, in Paris CAC 40 Index increased 39.57 or 0.83% to close at 4,816.43 and in Frankfurt DAX index higher 82.26 or 1.22% to close at 6,847.51. In Zurich trading SMI increased 48.04 or 0.64% to close at 7,565.45.