Cable TV

Dish TV, Hathway move to ‘overweight’: Morgan Stanley

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/01/20/cable%20mos%20priorty5.png?itok=MzHnfSHL

MUMBAI: Brokerage firm Morgan Stanley has some good news in store for direct to home (DTH) player Dish TV and multi system operator (MSO) Hathway Cable & Datacom. The firm has upgraded both Hathway and Dish TV to ‘overweight’, while also raising their target price, that represents an upside of 37 per cent and 20 per cent respectively, over the next 12 months.

As per an Economic Times report, Morgan Stanley has downgraded Zee Entertainment to 'equal weight' with downside of 10 per cent. “Zee outperformed Hathway and Dish by 12 per cent and 24 per cent, respectively, in 2014 as they believe that a large part of the potential improvement in subscriptions for Zee is in the price,” said the report. 

While upgrading Dish TV from ‘underweight’ to ‘overweight’, the target price of the DTH platform has been raised from Rs 49 to Rs 82. Not only this, Hathway has been upgraded from ‘equalweight’ to ‘overweight’, with a current target price of Rs 91 from Rs 59.   

According to the brokerage firm, there is a sense of urgency on monetisation by the MSOs, which can push up realisations for both Hathway and Dish TV.

“MSOs were unable to effect any sizeable improvements in realisations in 2014. However, the push from broadcasters to improve their subscription share has forced MSOs' hands,” added the media report.

As per Morgan Stanley channel checks, MSOs are responding by introducing higher value packs, raising prices and moving to a prepaid model.

The firm expects these efforts to boost realisations for MSOs and create headroom for Average Revenue Per User (ARPU) expansion for DTH. 

While an improving macro-economic outlook can help lift TV ad spending, margins could remain muted in F2016 for Zee due to new launches. Hence, Morgan Stanley prefers Hathway Cable followed by Dish TV and then Zee Entertainment Ltd.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/18/Siti_Networks.jpg?itok=IE4VtCze
Siti Networks responds to TRAI directive to comply with new tariff order

Leading multi system operator (MSO) Siti Networks on Wednesday issued a clarification, a day after the directive from Telecom Regulatory Authority of India (TRAI) to it and other distribution platform operators (DPOs) to abide by all the norms of the new tariff order within five days.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/17/den.jpg?itok=gw_i99K7
Den reports lower broadband, placement and activation income for FY2019

After the roll in of the Jio juggernaut, things have never been the same for the Indian broadband internet services industry.  It’s déjà vu - Den Networks Ltd (Den) reported lower subscription numbers for its fixed broadband business for the quarter and year ended 31 March 2019 (Q4 2019, FY 2019,...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/16/hathway.jpg?itok=lC9XxIEW
Exceptional items pull down Hathway Cable numbers for FY2019

Hathway Cable and Datacom Ltd’s (Hathway Cable) says that the new Telecom Regulatory Authority of India (TRAI) tariff order (NTO), which came into effect during the fourth quarter of 2019 resulted in changes in pricing mechanism and arrangements amongst the company, LCOs and broadcasters as well as...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/01/sn-sharma01.jpg?itok=5iccmGVq
Den Networks CEO SN Sharma takes over from Hathway’s Rajan Gupta as AIDCF president

All India Digital Cable Federation (AIDCF), the apex body of digital cable television players, announces the appointment of Mr. S N Sharma (CEO – Den Networks Limited) as the new President of the Federation with effect from 1st April 2019 post expiration of term of Mr. Rajan Gupta – current...

Cable TV People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/09/kerala.jpg?itok=sAb2H5Tl
Kerala Vision partners Y&A Transformation for new revenue streams

After establishing itself in Kerala with 24 lakh TV homes, Kerala Vision Cable (KV) is looking to expand its revenue streams.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/09/Den-Networks-Cable.jpg?itok=Ucbf4rMI
Reliance Jio acquires another 12% of Den Networks

Under disclosures of SEBI Regulations for Substantial Acquisitions of Shares and Takeovers (SAST), three Reliance Jio companies have informed the stock exchanges that they have increased their holdings in Indian multi system operator (MSO) Den Networks from 66.57 percent to 78.62 percent or...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/06/tv.jpg?itok=v_CYMzY1
Cable subscribers switching to DTH platforms amid new tariff order implementation

While the Telecom Regulatory Authority of India (TRAI) continues to reiterate that its new tariff order will benefit all stakeholders of the cable and broadcasting industry, implementation of the new norms has witnessed a mixed response on the ground.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/01/ortal.jpg?itok=DguSYgTT
Ortel CFO Satyanarayan Jena steps down

Satyanarayan Jena, the chief financial officer of the MSO Ortel Communications has stepped down. The resignation of the executive was effective from yesterday.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/02/26/mix.jpg?itok=1i2adFdQ
One Take Media Co launches K-World first time in India on IMCL platform

Leading multi-system operator (MSO) and Headend-in-the-sky (HITS) platform company IndusInd Media & Communications Limited (IMCL) has partnered with One Take Media Co (OTMC) to launch K-World (Korean Language) first time in India.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories