The Tamil Nadu government owned MSO, Arasu Cable TV Corporation, has been granted one-month extension from the Ministry of Information & Broadcasting (MIB) to digitise its analogue cable TV network, though the state government had requested for three-month extension.
On the second day of bidding on June 22, the initial public offering (IPO) of cable TV and broadband services provider GTPL Hathway received 41% subscription. As per NSE data, the issue of 20.21 million shares, excluding the anchor investors’ portion, received bids for 8.32 million shares. The bid is closing on June 23.
GTPL Hathway’s IPO got an overwhelming response on final day (23 June). The IPO was oversubscribed 1.52 times, receiving bids for 30.86 million shares against the total issue size of 20.21 million shares, excluding the anchor investors’ portion.
The initial public offer (IPO) of GTPL Hathway opened on June 21 and was subscribed 27% on the first day. Ahead of its IPO, GTPL Hathway raised over Rs 145 crore from anchor investors, including private equity firm Acacia Banyan Partners and Norway’s Government Pension Fund Global. They picked up shares at Rs 170 per share. GTPL Hathway, half owned by Hathway, allotted 85.55 lakh shares to anchor investors to collect Rs 145.44 crore.
GTPL Hathway raised over Rs 145 crore from anchor investors, including private equity firm Acacia Banyan Partners and Norway’s Government Pension Fund Global. They picked up shares at Rs 170 per share. GTPL Hathway, half owned by Hathway, allotted 85.55 lakh shares to anchor investors to collect Rs 145.44 crore. Its IPO opened on 21 June.
GTPL Hathway and Darsh Digital Network of Patna are set to form a 50:50 joint venture (JV) to expand in the Bihar market. They will also target Jharkhand. The JV may be named GTPL Darsh Network; it will also end competition between the two otherwise competing MSOs.
Tata Elxsi has done the integration of Android TV middleware with Airtel Digital TV’s hybrid set-top box (STB). This will enable users a seamless experience whether they access online or offline content. The technology support includes the OTA (over the air) upgrade module, a smart UI, customised Android TV launcher and software optimisations to future-proof the service.
On 12th June, a delegation of Cable Operators led by Mrs. Roop Sharma, President, COFI, was invited by the Standing Committee on Information Technology to present LCO’s views on ‘Cable TV Digitization and Interoperability of Set-Top-Boxes’. She apprised the members of the Committee, chaired by Mr Anurag Thakur, MP, about the problems faced by the Cable Operators in implementing mandatory digitization and also suggested solutions.
Hathway Digital, the Multi-system operator (MSO), has started two new add-on subscription services, ‘Play My Play’ and ‘Hare Krsna’. The first month subscription will be free. After 15 July, users can buy first and second plan for Rs 40 and Rs 25 per month respectively.
Amagi’s geo-targeted network is getting popular as more and more channels are taking its services to reach the right audience. Sun TV Network, South India’s largest broadcast network, has too joined Amagi Media Labs’ targeted TV advertising network.
Five players have shown interest in supplying STBs to the Tamil Nadu government-owned MSO, Arasu. The bid submission date for digital set-top boxes was on 9th June. The MSO will procure 70 lakh STBs.
GTPL Hathway, the multi-system operator (MSO), has some big plans for the near future as it eyes the broadband and high definition (HD) as well as OTT services.
Sony Pictures Networks India (SPNI) has sent a disconnection notice to Hinduja Group-owned multi-system operator (MSO) IndusInd Media & Communications Ltd (IMCL) and HITS service NXT Digital. A few days back, Star India had issued a disconnection notice to Grant Investrade, the company that runs NXT Digital, for non-payment of subscription fee.
Star India has warned that it would stop the signals of its TV channels to NXT Digital (Hinduja Group-owned HITS operator) for non-payment of subscription dues. Star India informed that the signals of Star channels would be discontinued to NXT Digital three weeks from the date of issue of notice. In the public notice, Star also stated that all cable operators including franchises under the passive and full services of NXT Digital would be affected. Star India has a bouquet of 35 standard-definition (SD) and 27 high-definition (HD) channels.
DEN Networks, Multi-system operator (MSO), and Jasper Infotech, the owner of e-commerce platform Snapdeal, have exited the TV home shopping business by selling their entire shareholding in TV home shopping company Macro Commerce to Pimex Broadcast for Rs 10 lakh.
Haryana Government's intelligence wing CB-CID is set to attack criminals involved in cable TV piracy. Haryana is one of the worst affected states in terms of cable TV piracy. According to sources, there are nearly 500 illegal cable TV operators engaged in piracy and supply illegal connections to around 4,500 to 5,000 households in the state, which is causing massive losses to the broadcasters and the government. Rural areas are the worst affected.
GTPL Hathway is set to raise Rs 600 crore through an initial public offering (IPO) in June. GTPL Hathway offers cable TV and broadband services and has received the approval of capital markets regulator SEBI for an IPO. GTPL Hathway is offering a fresh issue of equity shares aggregating up to Rs 300 crore. It is also offering up to 18 million equity shares as offer for sale. Out of the net proceeds of the Rs 300-crore fresh issue, GTPL Hathway intends to utilise Rs 229.67 crore for repayment of debt.
The bid submission deadline for digital set-top boxes (STB) has been extended by the Tamil Nadu Arasu Cable TV Corporation (TACTV) to 9th June. Earlier, the last date to purchase the tender document was 28 May, while the date of opening of tender was 29 May. The pre-bid meeting on 19 May was attended by 74 potential bidders.
The country’s telecom regulator TRAI has warned MSOs against the practice of placing a channel in multiple genres for more viewership. Recently, Arnab Goswami’s Republic TV too faced the ire of other news channels over the issue of dual logical channel numbers (LCNs).
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