The media & communications segment comprising of digital cable and headend in the sky (HITS) business of Hinduja Group-owned NXTDigital has seen a surge in its operating profit. The numbers have touched Rs 110.97 crore compared to Rs 16.24 crore in the trailing quarter. In the corresponding quarter of the previous fiscal, the company posted an operating loss of Rs 73.37 crore.
Agreeing to the order of the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), the leading mwill now pay ZEEL‘s dues worth Rs. 10.79 crore in two equal instalments. The first instalment was to be paid by 4th November while the second is payable by 8th November. Kal Cables had moved TDSAT against the broadcaster’s disconnection notice over outstanding dues.
The appeal of Malwa Cable Operator Sangh Samiti (MCOSS) has been disposed as ‘withdrawn’ by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT). The appeal was directed against the tariff order of 2017 read with a Press Release dated 03.07.2019 and subsequent Press Releases related to the implementation of tariff.
Local cable operators (LCOs) will soon get equity-based shareholding as Hinduja Group is planning the blueprint of the sharing plan. This was the Diwali gift announced by Hinduja Group chairman Ashok P Hinduja who made the announcement via video message to distributors and LCOs across the country.
Responding to a call made by the All India Digital Cable Federation (AIDCF) announcing that it would be passing on the new benefits which the channel broadcasters have introduced on to the subscribers of the service, DEN Networks and Hathway have introduced the reduced channel pricing for the subscribers.
To direct Bruhat Bengaluru Mahanagara Palike (BBMP) to withdraw the notice restricting the deployment of optical fibre cables, the Cellular Operators Association of India (COAI) and Tower and Infrastructure Provider’s Association (TAIPA) have urged the Urban Development Department of Karnataka.
As broadcasters like Star India, Sony Pictures Networks India, ZEEL and Viacom18 have reduced the a-la-carte price of their premier channels to Rs 12 as part of festive promotional offerings; the All India Digital Cable Federation (AIDCF) has assured that it will pass on the benefits of promotional schemes launched broadcasters to the end consumers.
The multi systems operator (MSO) Reliance Jio Media, a subsidiary of Reliance Industries Ltd (RIL), said in its submission to the telecom regulator TRAI on the consultation paper ‘Tariff related issues for broadcasting and cable services’. In its submission, it said TRAI should introduce 15% discount on broadcaster bouquet in order bring subscription costs under control.
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