|
Getting
the ground in order goes more than a long way in pushing
through new subscription packages as well as in ramping
up connectivity numbers. Star India has just added another
significant piece to its armory on that score with its acquisition
of a 26 per cent equity stake in RPG Netcom Ltd, the Goenka
Group's multisystem operator that controls over 75 per cent
of Kolkata's cable-connected households.
An
official announcement regarding the alliance is expected
in the next few days.
An
indication that something was cooking between Star India
and RPG Netcom was evidenced at the beginning of the year
itself when the Rupert Murdoch network announced its new
monthly subscription package of Rs 40.50. There was nary
a whimper from the MSO, a far cry from 2001 beginning which
saw Star off the air for 62 days when it announced a Rs
30 subscription rate.
Business
daily The Financial Express reported today that Star
has already signed an agreement with RPG Netcom whereby
it will pay around Rs 520 million for the 26 per cent share
in the MSO.
With
the addition of RPG Netcom, Star now has three major MSOs
under its control. This includes Hathway Cable & Datacom,
in which Star officially has a 26 per cent stake, and Win
Cable, an almost wholly owned subsidiary of Hathway.
Hathway
has a significant presence in Bangalore and Mumbai while
Win is very strong in Delhi. RPG's coming under the Star
wing gives the network strong leverage in all the main metros
except Chennai, where DMK scion Kalanithi Maran's Sumangali
Cable Vision (cable arm of the Sun Network) holds complete
control.
Click here for more headlines
|