Cable TV

Hinduja Ventures' Grant Investrade gets in principle approval for HITS

Updated: 01:00 PM

 

MUMBAI: Grant Investrade, a wholly-owned subsidiary of Hinduja Ventures, has received an in principle approval from the Information & Broadcasting Ministry for launch of head-end in the sky (HITS) services for cable TV operators.

 

The company received the in principal approval on Wednesday. The company had applied for a HITS licence on 15 November, 2012.

 

It has to pay a licence fee of Rs 10 crore before it gets the HITS licence, Hinduja Ventures’ Group CEO-Media and IndusInd Media and Communications’ MD & CEO, Tony D’silva, told Indiantelevision.com.

 

Grant Investrade will also have to seek two more clearances – one from the Network Operation Coordination Centre for the satellite to be used for the HITS services and second from the Wireless Planning and Coordination wing of the Ministry of Communications.

 

SATELLITE

 

D’silva said Grant Investrade would need about 10 transponders and would be finalising a deal with a private satellite operator in the next 15-20 days. There is no transponder capacity available on Indian government’s satellites. The satellite ground station will either be located in Mumbai or in New Delhi.

 

Grant Investrade will need about six months to launch its HITS service with 400 television channels. The company has already shortlisted suppliers for dishes and other equipment. Castle Media is providing it technology solutions and project management services.

 

Grant Investrade’s entire business plan for HITS has been vetted by consulting firms KPMG and Deloitte.

 

The company will be targeting cable operators in areas earmarked for digitisation of cable TV services in Phase III and Phase IV.

 

D’silva says that the HITS business makes sense because of digitisation and pointed out that 50 per cent of US-based Comcast’s cable television services are provided through HITS.

 

INVESTMENTS

 

Grant Investrade will be investing another $100 million (about Rs 620 crore) to operationalise the HITS project. Hinduja Ventures had earlier invested $10 million in the technology required for the HITS venture.

 

The company will start promotional campaigns after the satellite is finalised and other requirements are in place.

 

Grant Investrade believes there is no other way than HITS to deal with phase III and IV. With HITS, the average cost of delivering data would fall to Rs 8 per customer from Rs 18 per customer through optic fibre. 

 

D’silva had told Indiantelevision.com earlier, “If we are serious about digitisation, the government should have first cleared our HITS project. We are saying the LCOs can own the consumers and can do the packaging. We will help them seed boxes. It is different than JAINHITS. We have three to four different boxes and they get an option to choose.”

 

JAINHITS is the first company to get HITS licence. JAINHITS provides digitised and encrypted satellite TV signals directly to cable network owners.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/26/Untitled-1_35.jpg?itok=aV38N5LG
Siti Network looks to raise $100 million

Essel group multisystem operator (MSO) Siti Network has plans to raise $100 million though an issue of securities and/or equity related instruments. The company informed the Bombay Stock Exchange (BSE) that it needs the money to fund its operations. It has an ambitious plan to further expand...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/19/Untitled-1_4.jpg?itok=5SbRaNtY
Siti Networks says price revision benefits will accrue in second half

DAS paralysis in phase III markets is having an impact on Siti Networks (Siti Cable) performance. This was revealed by CEO V. D. Wadhwa to CNBC TV18 today.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/18/Untitled-1.jpg?itok=ULfulEhc
Hathway board clears GTPL IPO

Even as naysayers have been saying investor sentiment is pretty negative about the cable TV distribution sector in India, here is a company which is looking to swim against the tide. Cable TV and broadband internet services provider Hathway Cable & Datcom’s board today gave it the thumbs up to...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/16/Subhash%20Chandra.jpg?itok=yX8Ygq-I
Subhash Chandra's brothers step down as Siti Networks promoters

Mumbai: There’s change in the list of promoters at Siti Networks (earlier known as SitiCable). The national Indian MSO informed the Bombay stock exchange last week that - as part of a family arrangement and agreement - Jawahar Lal Goel, Laxmi Narain Goel and Ashok Kumar Goel along with their...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/16/SITI%20network.jpg?itok=-OCg_g0z
Siti Cable Network renamed as Siti Networks

MUMBAI: A new name brings in new vibes and possibly a new direction. At least that ‘s what the Essel group is aiming for if one goes by the name change it has resorted to at its national cable TV MSO Siti Cable. Last week, It informed the Bombay stock exchange, that it will be called Siti...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/12/Untitled-1_0.jpg?itok=ou2_KgVz
SNL Kagan says US cable TV will be robust despite decline in video

The naysayers have been making a cacophony of sound about the upcoming gradual squeezing out of life of the US cable TV sector. They have been citing the rampant cord-cutting, slimming down of bundles and the explosion in cheaper alternative OTT services as clear indicators that the countdown...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/09/cableTV.jpg?itok=fVGWf9Ae
GST: Both good and bad for the Indian cable TV sector

MUMBAI: India’s most ambitious indirect tax reform, the Goods and Service Tax (GST) got the green flag from the Lok Sabah on 8 August.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/08/Hathway%20Connect.jpg?itok=mcHzoEo0
Hathway goes mobile with Hathway Connect

Hathway has taken its path breaking LCO portal- Hathway Connect to the next level by launching the Mobile APP version for its local cable operators (LCOs), which will further enhance and empower the operators in strengthening their business operations while “On The Move.”

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/12/cablea.jpg?itok=Dvy_SoL0
DAS effect: MIB registered MSOs' list nears 1,000

Although the government is adamant about extending the deadline of the final phase of digital addressable system, the couutry which claims to have more than 60,000 cable operators is finally nearing a total of 1000 multi-system operators who provide signals to them.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories