Cable TV

Hathway gets EGM nod for Rs 300.80 crore Capital Partners investment

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/09/05/Priority%203_1.jpg?itok=DjNKw03N

MUMBAI: Multi system operator (MSO) Hathway Cable & Datacom has got shareholder approval for raising Rs 300.80 crore through preferential allotment of shares. The announcement was made after the MSO's Extra Ordinary General Meeting held today.

The MSO through a statement on the BSE, said, ?subject to necessary approvals and compliance with the applicable laws and regulations, the issuance of up to 94,00,000 fully paid up equity shares of face value Rs 10 each (the Equity Shares) of the company to the following funds managed by Capital Research  & Management, at a price of Rs 320 per equity share, aggregating to Rs 300,80,00,000 by way of preferential allotment pursuant to Section 42  and 62 (1) ( c) and all other applicable provisions, if any of the Companies Act, 2013  and rules made thereunder (including any statutory modification) thereof for the time being in force) and other legal provision, including but not limited to chapter 7 of the Securities and Exchange Board of India (SEBI) (issue of capital and disclosure requirements) regulations, 2009, as amended.?

While Capital Partners' Smallcap World Fund will mop up 70,50,000 shares of Hathway at a tab of Rs 225,60,00,000, American Fund Insurance Series- Global Small Capitalisation Fund will pocket 23,50,000 shares, at a cost of Rs 75,20,00,000.

It was on 7 August that Hathway had got board approval for its fund raising,  which was then subject to shareholder approval. The MSO has now crossed one more hurdle towards raising the Rs 300.80 crores. Now what's left is ensuring compliance with laws and regulations and getting the necessary regulatory approvals.

According to Media Partners Asia, the deal values Hathway at Rs 51.6 billion and will dilute the MSO's promoter and promoter group companies (the Rahejas) holding from 47.5 per cent currently to 44.7 per cent.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/11/siti.jpg?itok=jXHpwkyJ
SITI Networks Limited announces “SITI PlayTop”, its first Hybrid Set Top Box

SITI Networks Limited, has announced that it will be introducing a range of Set Top Boxes for delighting its customers. To begin with, the company has announced, “SITI PlayTop”, its first Hybrid Set Top Box.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/04/siti.jpg?itok=JOG8pkn3
Siti relooks at broadband as cable subscription drove revenues in FY18

In FY 2017 (fiscal or year ended 31 March 2017, previous year), the Essel Group’s Siti Networks Ltd (Siti) was all gung-ho about broadband. In its annual report for fiscal 2017, the company said that it had become the largest multi-system operator (MSO) and a leading wired broadband services...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/01/Digital.jpg?itok=v-WMvuRl
Pay TV execs feel need to innovate to remain relevant, finds study

With the advent of digital content platforms, pay TV industry across the world is facing stiff competition. The pay TV Innovation Forum report produced by Nagra in association with research firm MTM, found that 90 per cent of executives believe that pay TV providers will have to innovate strongly...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/29/hathway.jpg?itok=iFsVkbju
Hathway Cable gets approval to raise funds worth Rs 99.63 crore

MUMBAI: Leading cable and broadband player Hathway received an approval to raise funds worth Rs 99.63 crore at a board meeting held on 29 August. Following the approval the company’s shares rallied as much as 15 per cent.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/zee_1.jpg?itok=pRptDAIa
ZEEL announces new TV channel prices ahead of deadline

Ahead of 31 August 2018 deadline for publishing TV channel prices in a new format and a day before the Supreme Court hears a case relating to TRAI’s new tariff regime, Zee Entertainment Enterprises Ltd  (ZEEL) has made public its channel prices as suggested by the regulator in 2016, setting an...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/gtpl.jpg?itok=WHQxgPNL
GTPL Hathway to promote 40 Mbps broadband speed to masses

As wireline broadband business is emerging as a sector full of growth opportunities, several cable operators, as well as MSOs, are increasing their investment in the segment. GTPL Hathway, the Gujarat based cable and broadband player, is ready to lower its ARPU in the broadband segment to get more...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/22/den.jpg?itok=wB4HD_aY
DEN Networks aims for 70,000 broadband subscribers by Q1 2020

Way before Jio’s announcement of its broadband GigaFiber venture, MSO DEN Networks revealed its plan (http://www.indiantelevision.com/cable-tv/multi-system-operators/den-netw...) to explore the opportunities in the market.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/22/cabletv.jpg?itok=dAEHam-F
Kerala's cable TV operators struggle post floods

Cable TV is reeling courtesy the great Kerala deluge and flooding thereafter earlier this month. According to a letter being circulated by the Kochi-based Cable TV Operators Association (COA) of Kerala to the cable TV trade nationally, the situation is pretty dire in the areas affected by the...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/11/gtpl.jpg?itok=Ab3NPOIV
GTPL Hathway revenue up for Q1

Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) reported 15.7 per cent increase in total income for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the corresponding year-ago quarter  (y-o-y) Q1 2018.

Cable TV Local Cable Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories