Cable TV

Hinduja group pays HITS licence fee

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/06/30/hinduja_group.jpg?itok=IF3bjCr1

MUMBAI: Grant Investrade, which is a 100 per cent subsidiary of Hinduja Ventures, today paid the Rs 10 crore licence fee to the Ministry of Information and Broadcasting (MIB). The group is now awaiting the MIB's letter of intent to apply for the WPC clearance. 



 

With this, the $100 million HITS Hinduja project will start rolling out. "We made the payment today. We are eagerly waiting for the letter of intent by the MIB to proceed with the next step," informs IMCL MD & group CEO Tony D'silva exclusively to indiantelevision.com.

Following this, the company will also make the Rs 40 crore bank guarantee deposit. ?We will now move towards signing agreements with the satellite provider and finalising site location,? adds D?silva.

The next 10 days are going to be very busy for D?silva, who is at the helm of the HITS project. The company will start with the promotional activities, discussions with the last mile owners, creation of organisational structure, appointment of distributors and discussions with vendors in the next one week or so.

?The HITS project will be up and running in the next six months,? he informs.

While the HITS licence was obtained on 6 March, what took the company so long to pay the licence fee? Answers D?silva, ?When we got the permission, immediately the elections dates were announced, so we lost time on that. Also we weren?t clear whether the government was committed to phase III and IV. Now since we have enough clarity, we decided to go ahead with the first step of paying the licence fee.?

Through HITS, the company is looking at capturing 15-20 per cent of the 120 million households in phase III and phase IV markets. While the technology team is already in place, the others will be appointed soon.

D?silva hopes to be able to create better packages for the HITS platform. ?Broadcasters should consider re-pricing their channels. The packaging and bundling of channels needs to be different for phase III and IV. With phase I and II contributing to 75 per cent or more of their existing revenues that is from 30 million homes, phase III and IV which has close to 100 million homes, the broadcasters should reduce their rates to one-third of the existing rates,? he opines.

Apart from HITS, the group?s IndusInd Media and Communications Limited (IMCL) will also see a major boost in terms of the number of channels the MSO currently provides. ?We will be increasing the number of channel offering from the current 350 to 500. This will help us become more competitive on ground,? he says.

IMCL in the next one or one and a half months will also launch a prepaid model for its subscribers. ?We are talking to other MSOs in Mumbai and the Maharashtra Cable Operators Federation (MCOF) for this. I am hoping that all the other MSOs across the country will also join us for the prepaid model,? says D?silva.

The HITS model will have a complete different vertical which will cater to all the content and video on demand (VOD) services requirements. ?The services will be made available to all the LMOs along with IMCL,? concludes D?silva.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/15/den.jpg?itok=vERCFpOP
Den reports improved numbers for Q2 over Q1

The Sameer Manchanda-led Indian cable distribution network and broadband internet services (broadband) provider Den Networks Ltd

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/14/grt.jpg?itok=OAWnlsvm
GTPL cable TV business revenue up in second quarter

Indian multi-system operator and internet service provider GTPL Hathway Ltd (GTPL) reported 13.8 percent increase in total income for the quarter ended 30 September 2018

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/13/hat.jpg?itok=Gw-Cd_wz
Hathway in the red due to higher expenses, forex loss in second quarter

In the first quarter of the previous fiscal, restructuring at Indian multi system operator (MSO) Hathway Cable and Datacom Ltd (Hathway) had brought for it a positive bottomline.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/10/dth.jpg?itok=zX4ravcq
Indian DTH equipments worth Rs 7.83 cr seized by Pakistan authorities

Pakistan authorities have seized a large quantity of smuggled Indian direct-to-home (DTH) equipment worth Rs 7.83 crore from various markets in a countrywide crackdown against illegal devices according to a report published by dawn.com.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/09/Vivek-Couto.jpg?itok=iqwcdf9q
Indian pay TV revenue to touch $16 bn by 2023: MPA

As per a new report by Media Partners Asia (MPA), the pay TV revenue in Asia will top $56 billion in 2018. This will continue to grow at 3 per cent CAGR till 2023 and likely to exceed $66 billion by then. Pay TV revenue consists of subscription fees and local and regional advertising sales.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/01/hinduja.jpg?itok=ZXqONP2o
Q2 results: Hinduja Ventures reports total income of Rs 26.72 crores

HVL on standalone basis reported a total income of Rs. 26.72 Crores for the half year ended September 30, 2018.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/24/Vynsley-Fernandes.jpg?itok=KbyFWkYU
IMCL aspires to hit 7 mn subscribers in a year

At a time when the face of India’s multi-billion dollar cable industry is changing rapidly with the emergence of new players, Indusland Media & Communication Ltd (IMCL), one of the oldest players in the industry, has announced a new offering ‘I Am Mumbai, I Am InDigital’.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/11/act.jpg?itok=jNeP51zC
ACT Fibernet seeks funding; discloses financials

In its prospectus with SEBI, ACT Fibernet submitted the financial details and is looking for fund-raising to expand the business across India. ACT Fibernet reported revenue of Rs 1,217 crore and EBITDA of Rs 211.67 crore in fiscal 2017.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/05/hathway.jpg?itok=3H7_WXyA
Hathway to target existing users for new OTT, cable hybrid STBs

Indian consumers are not losing interest in linear TV anytime soon but one can’t be too wary given the OTT burst. To stay ahead of the game, Hathway has unveiled two new products – an OTT set-top box and a cable hybrid box. Both of the boxes have been priced at Rs 2999.

Cable TV Local Cable Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories