Technology

IMCL sets foot in Kolkata, acquires two cable networks

MUMBAI: IndusInd Media and Communications Ltd, the media subsidiary company of Hinduja Ventures Ltd, is setting foot in Kolkata through the acquisition route, ahead of the government‘s digitisation mandate.


IMCL has picked up 51 per cent stake in two cable networks - Hooghly-based Advanced Multisystem Broadband Communications (AMBC) and Skyvision. With this, the Hinduja-owned multi-system operator (MSO) will have operations in three out of the four metros that fall under the first phase of digitisation.


"We have acquired 51 per cent stake in AMBC and Skyvision as we want to service Kolkata in the digitisation phase. We will be expanding in the other main cities of West Bengal," IMCL chief executive officer Nagesh Chabria told Indiantelevision.com.


IMCL is also planning to acquire around 30,000 primary points that will give it access directly to the customer homes. "We plan to invest around Rs 1 billion over one year in that market. We intend to invest Rs 200 million in primary point acquisition and an almost similar amount in network and upgradation. We are looking at ordering 350,000 set-top boxes. This will include demand for second TV and our expansion into the city. We are also confident to recover whatever base AMBC has lost in the past year," said Chabria.


IMCL is setting up a digital head-end in the central part of Kolkata as it plans to expand in the metro, adding to its strong base in Mumbai and Delhi. AMBC already has a head-end that services Kolkata Metropolitan Development Authority (KMDA) which falls under the digitisation belt.


Kolkata is a low ARPU (average revenue per user) market. IMCL‘s strategy will be to test the Kolkata market before it decides to pump in big investments. The MSO already has a licence to operate in Kolkata.


Sources say smaller cable networks are willing to forego stake, allowing the bigger MSOs to fund the digitisation. This also offers a growth opportunity for these networks who are starved of capital to expand.


A media analyst expressed doubts over IMCL‘s ambitious target of deploying 350,000 STBs in that market over a period of one year. "The investment of Rs 1 billion and 350,000 STBs sounds too high at this stage. All will depend on how that market responds," he said.


The big-tier MSOs have taken the acquisition route to have a presence in Kolkata ahead of digitisation. In Kolkata, Hathway has a presence through its joint venture company, Gujarat Telelinks Pvt Ltd (GTPL), which acquired a 51 per cent stake in Kolkata Cable and Broadband Pariseva. Den Networks chief operating officer Mohammad Ghulam Azhar had earlier told Indiantelevision.com that it has acquired a small cable network in Kolkata.


Also Read:


GTPL plans Rs 3.5 bn investment, Cisco Capital may fund digitisation in Kolkata


Den ups Sharma to CEO, Azhar is COO

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/16/divesh.jpg?itok=zBE4YL3k
Livestreaming App SWOO sees momentum in India; Launches Trivia Format in India

SWOO, a leading global livestreaming platform established in Middle East, today announced the launch of its SWOO TRIVIA SHOW ? a celebrity hosted live video streaming game show for Indians. SWOO is a user friendly, engaging and feature-rich live broadcasting app available across Android/ iOS/ Web...

Technology Software Applications
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/14/TiVo-800.jpg?itok=YeoN1Hcd
TiVo exits STB business

MUMBAI: TiVo is exiting the manufacturing, sales and distribution of set-top boxes to a yet-undisclosed third party, the company has said.

Technology Hardware Set-top Boxes
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/09/iot.jpg?itok=8nXgmc_U
IET India IoT Panel joins hands with exhibitions india group for the 3rd edition of IoT india congress

IoT India Congress is India?s Platform of Platforms for the Internet of Things conceptualized by IET India IoT Panel, a think tank constituted by the Institution of Engineering and Technology (IET) India. The 3rd edition of IoT India Congress will be hosted in collaboration with India?s leading...

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/08/lexi.jpg?itok=uPD543QG
Tata Elxsi's Automation suite adopted by pan-European Media and Telecommunications Company

Tata Elxsi, a global design and technology services company, announced the licensing of its integrated test automation and monitoring suite ?FalconEye? to a pan-European media and telecommunications company for OTT automation and improving streaming performance.

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/13/nabshow.jpg?itok=S9rP2yss
Verimatrix recognized for contributions to latin american Pay-TV market with PRODU award win at NAB Show

LAS VEGAS: Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services, has received the PRODU Award for Best Pay-TV Technology Contribution on behalf of its MultiRights? OTT solution. MultiRights helps service providers effectively navigate the modern OTT...

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/09/magai.jpg?itok=233hZ8S7
Amagi debuts machine-learning powered content-preparation suite

Amagi, a cloud-based technology provider for media processing, has launched Tornado, a machine learning-based content preparation service that enables TV networks and content owners to scale their operations and accelerate broadcast workflows.

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/03/08/tivo.jpg?itok=1e68Zg0C
Sharp and TiVo extend interactive program guide deal to power content Discovery across entertainment devices

MUMBAI: TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced that Sharp Corporation will further utilize TiVo?s G-Guide HTML across Sharp 4K smart TVs and Ultra HD Blu-ray recorders in Japan, TiVo?s G-Guide xD app and remote schedule...

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/01/25/priyanka.jpg?itok=s2F-oxzy
HARMAN announces Priyanka Chopra as global brand ambassador

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced that actress, singer, producer and philanthropist Priyanka Chopra has been named a global brand ambassador for the...

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/01/24/etere_0.jpg?itok=PCzLNCEq
Etere HSM expands interoperability with Grass Valley

Etere HSM features an integration with Grass Valley that improves interoperability, streamlines connectivity, enables faster content processing and includes deep archive capabilities. Etere introduces a new integration layer between Etere Hierarchical Storage Management (HSM) and Grass Valley...

Technology Hardware Components

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories