In next two years, the multi system operator (MSO) Fastway Transmission will be spending Rs 250 crore in broadband expansion. Many MSOs are earmarking heavy fund to boost their broadband services following Reliance Jio’s latest announcement about launching its fibre to the home (FTTH) broadband service from 15 August.
The net profit for FY18 of the Tamil Nadu government-owned multi system operator (MSO) Arasu Cable TV Corporation has come down 91 per cent to Rs. 1.68 crore! This is unaudited net profit for the fiscal ended March 2018. The net profit for the previous fiscal was Rs 18.22.
The ministry of corporate affairs (MCA) has given its approval to the Cable and broadband service provider DEN Networks’ wholly owned subsidiary DEN Ambey Cable Network for the merger of subsidiaries into the parent company.
After the multi system operator (MSO) Manthan agreed to make the part payment to Sony, the broadcaster has resumed its sports channels available on its platform. Due to non-payment, the World Cup football went missing for around 200,000 TV sets in Kolkata. Sony is the official broadcaster of the Cup.
On 20 June, the MSO ManthanBroadband Services got a jolt as the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) dismissed its petition against the media group ZEEL. The TDSAT said it found no merit in the petition.
The board of the Siti Networks, the leading multi system operator (MSO), has approved the divestment of company’s total stake (51%) in non-material subsidiary company Siti Bhatia Network Entertainment. The joint venture (JV) partner Daljeet Singh Bhatia will buy MSO’s stake for Rs 11 lakh.
The multi system operator (MSO) Good Media News’s (GMN), which is based in Himachal Pradesh, has registered a net profit of Rs 50 lakh in FY17. In the previous fiscal, the net profit was same.
The leaning broadband and cable TV service provider Hathway Cable and Datacom has announced to spend Rs 310 crore in FY19, and will remain aggressive on high definition (HD) set top box (STB) deployment by achieving the target of 2.5 lakh HD STBs in FY19.
The multi system operator Asianet has released a notice blaming Star TV for violating the Delhi High Court order. The notice said: “Dear subscribers, violating the order of Hon’ble Delhi High Court dated 1.6. 2018, Star India has deactivated the channels. We sincerely regret the inconvenience caused. We will take necessary steps to approach the Hon’ble High Court to restore justice for our subscribers. Request your cooperation.”
The multi system operators (MSOs) GTPL Hathway and Scod18 Network along with three local cable operators (LCOs) have been booked by the Thane police for alleged violation of the contract and illegal transmission of signals of broadcaster Star India’s channels.
According to GTPL Hathway MD Aniruddhasinh Jadeja, the MSO has launched a scheme where it is offering set top box (STB) plus subscription scheme in new markets including Mumbai. Apart from Mumbai, it has also entered new markets in digital addressable system (DAS) Phase II. The multi system operator (MSO) has begun the groundwork to expand its presence in the financial capital of India.
The multi system operator (MSO) GTPL Hathway has been restrained by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) from providing signals of Star India channels to Scod18 Networking as well as the local cable operators (LCOs) affiliated to Scod18.
The ministry of information and broadcasting (MIB) has sent notices to 92 multi system operators (MSOs) in which the ministry asked them to submit details about their network or face cancellation of registration.
As the applicant MSOs sought to know the status of their applications submitted to the ministry for information & broadcasting (MIB) for grant of MSO registration, the ministry said that the issue of pending MSO registration is under consideration.
The net profit for Q4 of the multi system operator Hathway Cable and Datacom has come down 47% to Rs 12.6 crore from Rs 23.9 crore in the trailing quarter. Its EBITDA has gone up 6% at Rs 63.9 crore from Rs 60.1 crore. EBITDA margin improved 100 bps to 44% from 43%.
In FY18, GTPL KCBPL , the Kolkata arm of multi system operator (MSO) GTPL Hathway, posted a net profit of Rs 1.2 crore compared to a net loss of Rs 5.8 crore in the prior year.GTPL KCBPL is a step-down subsidiary of the company in which it holds 51.1% stake.
While the multi system operator (MSO) GTPL Hathway’s income from operations has increased to Rs 194 crore as against Rs 189.4 crore, its standalone net profit for the quarter ended 31 March has fallen to Rs 8.7 crore compared to Rs 23.7 crore in the trailing quarter.
The multi system operator (MSO) Asianet Satellite Communications has been directed by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to execute a reference interconnect offer (RIO) agreement with Star India by 2 May.
The standalone net loss of the multi system operator (MSO) Ortel Communications for Q4 (ended 31 March) has increased to Rs 80.1 crore as against Rs 6.56 crore in the trailing quarter. It registered an operating loss of Rs 56.34 crore from the cable TV business compared to a profit of Rs 13 crore in the trailing quarter. Cable TV revenue was down at Rs 31.3 crore compared to Rs 37.3 crore.
On 17 May, the Orissa High Court ordered multi system operator (MSO) Ortel Communications to re-open its offices in Behrampur.
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