Cable TV

DEN seeks Goldman Sachs investment nod from shareholders

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/09/24/DEN.jpg?itok=YJDBIRX5

MUMBAI: Leading Indian multisystem cable TV operator (MSO) DEN Networks –promoted by Sameer Manchanda- which got its board’s nod to issue another 1.58 crore shares at a price of Rs 90 per share to existing investor Goldman Sachs is now seeking shareholder approval for the same through an extraordinary general meeting to be held on 14 October 2016.

DEN says it will be issuing the preferential shares to Goldman Sachs affiliate firms Broad Street Investments (Singapore) Pte Ltd and MBD Bridge Street 2016 Investments Pte Ltd. The former will subscribe to 1.30 crore shares taking its holding to 4.18 crore shares. Constituting 21.6 per cent of Den Networks equity. The latter will mop up 28.24 lakh shares and a first time investor in DEN its holding will be at 1.46 per cent.

Once completed the preferential share issue will see the promoters’ shareholding falling from 28.52 per cent to 26.19 per cent; corporate bodies from 11.53 per cent to 10.59 per cent; institutional investors from 22.20 to 20.39 per cent; private corporate bodies from 7.30 per cent to 6.71 per cent and finally the holding of foreign bodies will jump from 22.93 per cent to 29.21.

DEN Networks has said it will use the $21 million funds to pare down its debt from Rs 852 crore in June 2016 and also expand its broadband business through its subsidiary. The company’s debt stood at Rs 895 crore in March 2016 and at Rs 930 crore in March 2015. Between 31 March 2016 and June 2016, DEN Networks raised Rs 89 crore in debt and repaid Rs 132 crore.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/19/DEN.jpg?itok=s6c2AZgD
Den Networks reports higher revenue, operating profit

BENGALURU: Indian multi system operator (MSO) Den Networks (Den) reported growth in revenue and operating profit (EBITDA) for the quarter ended 31 March 2018 (FY 2018, fiscal 2018, year under review) as compared to the previous year FY 2017.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/Rajesh_Sethi.jpg?itok=VIkFNfT3
Siti Networks revenue, operating profit up in fiscal 2018

BENGALURU: Backed by higher subscription and a 95 per cent collection efficiency, Indian multi-system operator (MSO) Siti Networks Ltd (Siti) posted 16.8 per cent higher consolidated total income for the year ended 31 March 2018 (FY 2018, year under review) as compared to the previous fiscal year...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/17/siti.jpg?itok=KxertT2t
SITI delivers Strong Profitable Growth

SITI Networks Limited (BSE: 532795, NSE: SITINET), has released their audited Consolidated Financial Results for the Fourth Quarter and Full Year, ending March 31, 2018.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/12/Hindustan%20Ventures%20Ltd.jpg?itok=tG8m2NXp
HVL receives NCLT nod for amalgamation of Grant Investrade

BENGALURU: Hindustan Ventures Ltd (HVL) has informed the bourses that it has received sanction from the National Company Law Tribunal (NCLT) for the scheme of amalgamation between its fully owned subsidiary and transferor company Grant Investrade Ltd (GIL) and itself (transferee company) w. e. f....

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/04/IndiaCast.jpg?itok=lYMogTmZ
IndiaCast, Hathway strike deal after TDSAT order

MUMBAI: Setting aside their differences, IndiaCast Media Distribution Pvt Ltd (IndiaCast) and Hathway Digital finally came to an agreement on Wednesday and signed a deal. As a result, IndiaCast, the content monetisation arm of TV18 and Viacom18, has switched on the signals of its channels to the...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/01/SN-Sharma.jpg?itok=q11jhwQs
Aim to take phase 3 ARPU to phase 1 value: Den Networks' SN Sharma

MUMBAI: Den Networks has an ambitious plan charted out for its cable and broadband business for the coming two to three years. In an interview to Bloomberg Quint, Den Networks CEO SN Sharma highlighted the company’s plan to increase revenue and subscription.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/30/gtpl_0.jpg?itok=L5DGn9KD
GTPL Hathway board okays additional stake buy in subsidiaries

The board of directors of GTPL Hathway has approved the acquisition of additional stake in subsidiaries besides the sale/transfer of shareholding and preferential shares in a subsidiary company.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/30/Hathway-IndiaCast.jpg?itok=_R2R2YGT
IndiaCast, Hathway fail to concur on carriage, subscription fees

MUMBAI: As a result of unresolved conflict between Hathway Cable and Datacom Ltd (Hathway) and IndiaCast Media Distribution Pvt Ltd (IndiaCast), all IndiaCast channels have been pulled off from the cable platform. Despite several meetings, Hathway could not fulfill the growth aspiration of...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/04/11/Digital.jpg?itok=XJmRussd
India, China to provide 50% of global pay TV subs by 2023

NEW DELHI: India and China will together provide half the world’s pay TV subscribers by 2023, according to a new global report that forecasts 95 million additional pay TV subscribers would get added between 2017 and 2023 to take the global total to 1.10 billion. China will continue to supply about...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories