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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.

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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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On 5 August, Hinduja Ventures Ltd (HVL)’s Board approved to pump in Rs. 448 Crore to buy 4,48,00,602 equity shares in subsidiary company IndusInd Media and Communications Ltd (IMCL) on rights basis at Rs 100 per share.

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Den Networks, the leading cable TV and broadband service provider, has registered a consolidated operating profit of Rs 47 crore. The FY19 Q1 consolidated EBITDA including associates was at Rs 57 crore.

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Wednesday, 01 August 2018 07:04

IMCL must pay dues of ZEEL, IndiaCast: TDSAT

To get the signals back, the multi system operator (MSO) IndusInd Media and Communications Ltd (IMCL), must have to clear the dues it owes to ZEEL and IndiaCast, according to the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).

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To avoid disconnection, themulti system operator (MSO) IndusInd Media and Communications Ltd has been directed by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to pay Rs 5 crore to Sony Pictures Networks India (SPNI) within three weeks or by 20 August.

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The board of Hathway Cable and Datacom, the leading cable TV and broadband service provider, has approved raising of funds up to Rs 100 crore through preferential basis to promoter entity Hathway Investments.

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Siti Networks, the multi system operator (MSO), is targeting to expand its ARPU in FY19. The MSO also plans to seed 2.5 million set top boxes (STBs) in this fiscal. It had seeded 3.1 million STBs in FY18 taking its active digital subscriber base to 11.5 million.

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Cable operators in Kashmir valley have been directed by the authorities to immediately shut the ‘banned private satellite channels’ for maintaining peace and tranquillity in the region.

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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Wednesday, 13 June 2018 11:44

Hathway to invest Rs 310 cr in FY19

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.

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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.”

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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.

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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.

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