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.
A business model based on a combination of headend in the sky (HITS) and multi system operator (MSO) model seems attractive to the Hinduja Ventures Ltd (HVL), the parent company of IndusInd Media and Communications Ltd (IMCL).
The media group ZEEL has got the approval from the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to disconnect signals to multi system operator (MSO) Manthan Broadband Services in case of payment default.
GTPL Hathway, the Multi system operator (MSO), will buy additional 13% equity shares in GTPL Space City, a subsidiary company in which the company presently holds 61.50% equity shares. Thus, the company’s shareholding will increase to 74.5%. The company will also acquire remaining 49% stake in GTPL Junagadh making it a wholly owned subsidiary of the company. It owned 51% stake in the company prior to the acquisition.
The Behrampur office of multi system operator (MSO) Ortel Communications has been sealed by the district administration for alleged violation of fire safety norms and trade license.As per reports from Odisha TV, the sub-collector and the commissioner of the Berhampur Municipal Corporation (BeMC) raided the office on 26 April.
The case involving the multi system operator (MSO) Asianet Satellite Communications and Star India on price dispute has now reached the Delhi High Court after the MSO filed an appeal against the order of the Telecom Disputes Settlement and Appellate Tribunal’s (TDSAT) which asked it to either sign an reference interconnect offer (RIO) or negotiated deal with broadcaster Star India in 30 days.
On 28 April, the Delhi High Court asked Star India to file its response on a plea by Kerala cable operator Asianet Satellite Communications Ltd (ASCL) against an order of telecom tribunal TDSAT on the rate to be paid to the former for showing its channels in southern India.
Stake (3.07%) worth Rs 91.94 in cable TV and broadband service provider Hathway Cable & Datacom crore have been offloaded by the Singapore-based foreign investor CLSA Global Markets. It was done in an open market.
On 20 February, broadcaster ZEEL had moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to recover outstanding dues from MSO Hathway. The broadcaster had issued a demand notice of Rs 50 crore against Hathway. The dues were for a period of 4-5 months.
To address the issues of the local cable operators (LCOs) in West Bengal, the chief minister of the state Ms. Mamata Banerjee has set-up a committee, which includes Urban Development Minister Firhad Hakim, Labour Minister Malay Ghatak, Youth and Sports Minister Arup Biswas, the Commissioner of Police, and representatives of broadcasters and cable operators.
The multi system operator (MSO) Hathway Digital has received a disconnection notice from IndiaCast Media Distribution. The notice was issued early April due to non-payment of dues, non-submission of monthly subscriber reports, under-declaration of subscribers, failure to allow an audit of systems, and unauthorised retransmission of channels.
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has been intimated by the Telecom Regulatory Authority of India (TRAI) that it will withdraw the 8 November 2017 direction on landing page within two weeks, or by 2 May.
Three people have been arrested by the Gwalior police for TV rating manipulation in favour of a Hindi news channel. The complaint was filed by Hansa Research, one of the vendors tasked with the responsibility of installing Bar-O-Meters in panel homes.
On 18 April, the multi system operators (MSOs) and local cable operators (LCOs) of Puducherry were asked by the government to stop transmitting analogue signals from 30 April.
In the absence of any new contract in the DTH segment and its strategy to reduce product concentration, My Box Technologies (MBT) is now focussed on the cable TV segment. The company will soon launch an Android set top box (STB) in Q2 FY19.
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