Cable TV

Ortel Communications files RHP for public issue

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/02/21/ortell.png?itok=YwYgPK6p

MUMBAI: Odisha based last mile owner (LMO) Ortel Communications has filed the Red Herring Prospectus (RHP) for a public issue.

Confirming the same to Indiantelevision.com, Ortel Communications president and CEO Bibhu Prasad Rath said, "Yes, the RHP has been filed and the issue is scheduled to open on 3 March."

The company had filed for the Draft Red Herring Prospectus (DRHP) in September 2014.

The LMO is looking at a primary issue of 60 lakh shares and sale of another 60 lakh share by New Silk Route, which currently owns 35 per cent share in the company.

The IPO, which is being handled by Kotak Mahindra Capital, may raise close to Rs 250 crore. Ortel Communications will be utilising the funds for expansion of its network for providing video, data and telephony services. Additionally the company is also looking at developing its digital cable and broadband services with the infusion of funds.

This issue is being made through the book building process wherein at least 75 per cent of the Issue shall be allotted to qualified institutional bidders (QIBs) on a proportionate basis out of which five per cent of the QIB portion (excluding the anchor investor portion, which shall be allocated on a discretionary basis) shall be available for allocation on a proportionate basis to mutual funds only, and the remainder shall be available for allocation on a proportionate basis to all QIB bidders, including mutual funds, subject to valid bids being received at or above the issue price.

Further, not more than 15 per cent of the issue will be available for allocation on a proportionate basis to non-institutional bidders and not more than 10 per cent of the Issue will be available for allocation to retail individual bidders, subject to valid bids being received at or above the issue price.

Attached is the PDF

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/23/Den-Networks_SN-Sharma.jpg?itok=C1SUN3_H
Den Networks cable operations revenue up; broadband revenue doubles

BENGALURU: Indian multi system operator (MSO) Den Network reported 21.8 percent increase in operating revenue for its Cable distribution (cable) business for the year ended 31 March 2017 (FY-17) at Rs 1,075.54 crore as compared to Rs 883.24 crore in the previous year (FY-16). The company’s...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/22/Bibhu%20Prasad%20Rath.jpg?itok=ZMF6Daj2
Change in provisions for bad debt reduces Ortel profits

BENGALURU: The Bibhu Prasad Rath led Ortel Communications Limited (Ortel) reported less than one tenth profit after tax (PAT) for the year ended 31 March 2017 (FY-17) at Rs 1.43 crore (0.69 percent margin of Total Revenue or TIO) as compared to the Rs 11.93 crore (6.1 percent margin of TIO). Ortel...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/14/Tact-TV-Story_0.jpg?itok=sZyYuv4Z
Arasu licence for 'affordability', pvt MSOs concern to be studied, says Naidu

Affordability and world-class service were the main reasons for granting last month Digital Addressable System (DAS) licence to Tamil Nadu Arasu Cable TV Corporation Ltd (TACTV), the union minister for information and broadcasting Venkaiah Naidu said at an event of All India Radio in Chennai.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/09/Madras-HC02-Story.jpg?itok=lK35oeZe
MSOs prepared for new regime, AIDCF stresses on 'a la carte' offers from 1 Sept

All-India Digital Cable Federation (AIDCF), the apex body of Digital Multi System Operator’s (MSOs), has urged all its members to gear up for the new tariff regime.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/09/J%26K.jpg?itok=cTOO5YLs
J&K operators in a quandary, claim banned channels have GEC & all-religion content

MUMBAI: The Indian Government’s directive to the Jammu and Kashmir Government to stop the transmission of 34 television channels from Muslim countries including Iran, Pakistan, and Saudi Arabia has put the cable operators in a quandary. Several foreign channels went off air in most parts of the...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/04/Time-Warner-800x800.jpg?itok=zzmvb4mP
Time Warner revenues, net income up in first quarter

Time Warner Inc., (Time Warner) reported growth in revenue across all its segments – Turner, Home Box Office (HBO) and Warner Bros in the quarter ended 31 March 2017 (Q1-17, current quarter) as compared to the corresponding year ago quarter (y-o-y). Reported total revenue in Q1-17 was $ 7,735...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/04/Tact-TV-Story.jpg?itok=K4nLnzM6
Slow rise in number of MSOs, a month after DAS implementation

NEW DELHI: With registration being given to eight more multi-system operators, the total number of MSOs has risen to 1384 by the end of April 2017. Following the decision of the government to deem all provisional multi-system operators as having regular licence and giving a provisional licence to...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/03/TRAI-2-Story.jpg?itok=TK-DYwib
MSOs upload channel capacity & RIO, AIDCF requests b'casters too

Multi-system-operators (MSOs) in India which fall under the aegis of All-India Digital Cable Federation (AIDCF) yesterday night uploaded their RIO, channel carrying capacity and interconnect agreements on their respective websites. AIDCF, a few days back, had advised its member-MSOs to upload the...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/02/sn.jpg?itok=CJP5YHxM
DEN Networks ties up with Visiware, launches premium gaming service

DEN Networks, one of the largest cable TV service providers in India, has launched Playin’TV, a premium interactive gaming service that will usher in rich gaming experience for its subscribers.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories