As reported earlier, Sony Pictures Networks India (SPNI) had moved National Company Law Tribunal (NCLT) against multi system operator (MSO) Ortel Communications in July 2018. The matter was then listed for further hearing on 18 September.The MSO owes Rs 12 crore to the broadcaster.
According to industry analysts, the digitization has helped in HD adoption in the country. Although the High definition (HD) TV channels were introduced in India years ago, it was only when digitisation happened on a large scale that the adoption of HD grew up.
In a bid to offer the cutting edge content quality, the multi system operator (MSO) Siti Networks has launched its hybrid set top box (STB) SitiPlayTop which will come pre-loaded with YouTube and YouTube Kids along with the benefits of Siti HD+ digital cable television. Its price will be in the range of Rs 2200 to 2500.
The leading Cable TV and broadband service provider DEN Networks will focus more on high (HD) and ultra-high definition (HD) or 4K Android set top boxes (STBs) to spike its revenue and ARPU.
The leading multi system operator (MSO) Siti Networks has requested its local cable operator (LCO) partners to use prepaid mode of payment.
In a move to strengthen the commitment, focus and investments in Indian ISP market, “MICROSCAN” has roped in SamsonJesudas as Business Head tolead the ISP domain in India.
As reported earlier, the promoters of broadband and cable TV service provider Hathway Cable and Datacom announced to invest Rs 99.6 crore into the company via allotment of 3.08 crore preference shares at Rs 32.35 a share. Now the board has decided to pump in Rs. 150 crore more in next 18 months.
According to the latest Nagra Pay TV Innovation Forum report, produced in association with research firm MTM, 85% executives feel that pay TV providers will have to innovate strongly to remain relevant. Last time the figure was 84%.
Hathway Cable has secured approval to raise funds worth Rs 99.63 crore at a board meeting on 29 August. The condition was to raise funds through issuance of 30,800,000 equity shares at a price of Rs 32.35 per equity which is higher than the issue price determined in accordance with Regulation 76 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.
IndusInd Media & Communications Ltd (IMCL), the Hinduja Ventures Ltd’s (HVL) headend in the sky (HITS) and cable TV arm, has announced that it has seeded 1.5 million set top boxes (STBs) in FY18, a 29% increase over the deployment in the previous fiscal.
After a go-ahead from the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), the broadcaster Star India has switched off signals to multi system operator (MSO) Manthan Broadband Service.
Leveraging the massive cable reach of the local cable TV operators (LCOs), the leading MSO - GTPL Hathway is on the partnership spree with LCOs.
According to Strategy Analytics’ Television And Media Strategies (TMS) report ‘TV’s Transformation: A Unified TV and Video Market Perspective’, consumer spend on legacy pay-TV services are expected to witness high growth in the Asia Pacific driven largely by China and India,.
The leading multi system operator (MSO) GTPL Hathway has launched four cable TV Channels - GTPL Box, GTPL Action, GTPL Gold, and GTPL Retro on 6 August in a bid to expand its local cable channel offering.
The net loss of the multi system operator (MSO) Ortel Communications has come down to Rs 13.5 crore from Rs 80.2 crore in the preceding quarter. Its EBITDA dropped to Rs 60 lakh compared to Rs 5 crore in the sequential quarter. Total income fell to Rs 31.7 crore from Rs 39.7 crore. Expenses dropped to Rs 46.1 crore compared to Rs 50.6 crore a quarter ago.
The leading cable TV and broadband service provider GTPL Hathway has faced a sharp fall in its consolidated net profit for Q1. Its net is down by 4% to Rs 13.3 crore compared to Rs 13.8 crore in the sequential quarter.
The leading multi system operator (MSO) Siti Networks has seeded 3.5 lakh STBs in Qi, and its operating EBITDA for the quarter ended 30 June has increased 7% to Rs 54.9 crore as against Rs 51.5 crore in the sequential quarter.
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