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The Tatas, being the the majority shareholder, would reportedly
be nominating a CEO, while a Star person is expected to be the COO.
A name that has been thrown up as a likely candidate from Star's
end is G Jagdish Kumar, who is anyway the COO of Space TV, the company
Star had set up for its DTH foray.
It is also expected that a formal revised application will be moved
in this regard with the government, which has already given a conditional
letter of invitation to Space TV.
As far as the investment in this project from the Tatas is concerned,
it is reportedly coming by and large through Tata Sons.
A statement issued by Tata Sons states that "the Tata Group
and Star Group look forward to building India's largest digital
television platform and offering a range of channels including exclusive
channels, with interactive features and services."
Expectations of some finalisation of the DTH have been doing the
rounds ever since the Star Group’s big three of CEO Michelle Guthrie,
COO Steve Askew and CFO John Lau flew down to Mumbai last week.
Industry experts pointed out that if Star has to start a DTH service
in India, it should not delay the foray as completion of formalities
is likely to take some time. With the country and the government
getting into the general election mode, such a process may take
up more time than usual, if delayed further.
Subhash Chandra's companies ASC Enterprise and Zee have launched
a DTH service under the Dish TV brand in the last quarter of 2003.
Though the subscriber base may not be as high as is being claimed
(50,000), there is no denying that any further delay by Star may
give Chandra's companies enough lead time to consolidate operations.
Also Read:
For
its DTH venture, Star zeroes down on Tatas
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