MUMBAI: In a dramatic development, Hathway video business CEO TS Panesar has quit following the move where Hathway Cable and Datacom chose to opt out of its cable TV business to a wholly-owned subsidiary retaining the broadband operations in the parent company. Confirming the news, Panesar communicated to indiantelevision.com that he was yet to firm up his new plan and future course of action.

The reformist Panesar, having a multifaceted 20 years of experience in the broadcasting sector, decided to call it off after spending two and half years in the cable TV distribution entity. The executive, who had moved in from Star India, played a pivotal role in reforming the TV and cable operations unveiling a battery of value-added services (VAS).

The CEO also launched 'Hathway Connect', an online portal for local cable operators (LCOs) which helped them maintain their expenditures, revenues, reduce operational costs, to raise the profits and make transactions more transparent. Among other things, the former CEO contributed to the growth of Hathway in DAS Phase III areas and led the company’s foray into VAS. Panesar was responsible for the launch of an ad-free value added services (VAS) titled ‘Hathway Special’ for subscribers who wanted quality content. 

Panesar's exit comes after Hathway Cable & Datacom MD and CEO Jagdish Kumar quit in November 2016. Following Kumar's exit, Hathway had reshuffled its top management team.

Also Read:

Hathway builds brand Special, adds two service categories 

We believe the new cable TV tariff order will benefit everyone - Hathway Cable video CEO TS Panesar