Will 2 WAVES run simultaneously?

The Ministry of Information & Broadcasting plans to launch the World Audio Video & Entertainment (WAVE) Summit in a big way on May 1 in Mumbai. WAVE will hold its summit every year. But there's one more WAVE. This OTT platform is being run by Prasar Bharti. If sources are to be believed earlier it was supposed to be named as Bharat Naman, but how it became WAVE - no one has a convincing answer as to why this happened.