Asianet Sat Communications MD Radhakrishnan quits

MUMBAI: Asianet Satellite Communications managing director CM Radhakrishnan Nair has quit the company. Mahesh Kumar, who was earlier the senior vice president, has been elevated to chief executive officer of the company.

Nair had joined Asianet in 1995 when the company had just 4,000 connections in Kerala. Today Asianet is the largest cable network services company in the state touching over half a million homes and has a large number of direct subscribers.

"It has been a long period of growth. During my period, we also started Internet services and established Asianet Cable Vision, a cable channel," Nair tells

Kumar, who has taken over from Nair, will face new challenges in the industry. "We are planning to roll out digital services in September. We are deciding what technology we will be using," he says.

Kumar has a finance background and was subsequently made in-charge of cable services division. In Asianet, his task will also be to increase the Internet subscribers.

Also on Kumar's agenda will be to take the company public at the right time. Asianet's initial public offering (IPO) was upset after the 9/11 incident as the valuation of cable companies went tumbling. The company raised debt from financial institutions to fund its expansion plans.

Explains Nair, who was masterminding the IPO plans at that time, "The valuation was as high as Rs 5,000-6,000 per subscriber. But after the tragic incident in the US, the entire market crumbled and we shelved our plans for an IPO as we would not get that valuation."

Asianet Satellite Communications is owned by Rajan Raheja who also has a 74 per cent stake in Hathway Cable & Datacom while Star Group owns the rest.

Latest Reads
ISRO eyes 100th satellite on 12 Jan; GSAT-11 launch in April

NEW DELHI: The Indian Space Research Organisation (ISRO) will launch its 100th satellite along with 30 others, including those from other countries, in a single mission on 12 January 2018 from Sriharikota It will be a milestone event in the country's space history even as communications satellite...

Satellites Satellite Launches
Middle eastern audiences crave premium Arabic content: CABSAT 2018

MUMBAI: Demand for high quality Arabic content in the region has increased by almost 40% between 2011-2016, while western drama’s share of viewing decreased by an average of 55%, creating opportunities for regional producers to dominate the airwaves and secure their share of the market. According...

Satellites Satellite Operators
CASBAA lauds India; calls for more broadcast, satellite reforms

NEW DELHI: Asian pay TV industry organisation CASBAA, while applauding the Indian government for ease of doing business, exhorted policy makers to further streamline norms relating to the broadcast and satellite industries as it led to procedural delays impacting business.

Satellites Satellite Operators
Govt assures ease in licensing norms to TV channels, satellite operators

NEW DELHI: The Ministry of Communications (MoC) yesterday, while allaying concerns of the broadcast and satcom industries, assured that the government would further ease norms for doing business in India and that processes were underway for implementation soon to do away with multiple permissions...

Satellites Satellite Operators
ISRO to double annual satellite launch

NEW DELHI: The Indian Space Research Organisation (ISRO) plans to increase its satellite capacity by upping launches from next year to keep pace with demands from users and is also releasing request for proposals (RFP) for 30 satellites, top Indian government officials said.

Satellites Satellite Launches
Intelsat signs distribution contract with Indian teleport operator

MUMBAI: Intelsat S.A., an operator of the globalised network and leader in integrated satellite communications, and LAMHAS, a teleport operator in India, have announced a multi-year agreement for satellite services supporting media distribution in India via the Intelsat 20 satellite.

Satellites Teleports
Private sector enters satellite building with 'IRNSS replacement' launch today

MUMBAI: India's success in space exploration has been growing tremendously. One of the seven satellites in the constellation, as three rubidium atomic clocks on board had stopped functioning, the IRNSS- 1H satellite, weighing 1,425kg, will be launched from the second launch pad of the Satish...

Satellites Satellite Launches
AsiaSat 5 & Eurovision to deliver Taipei event in 4K & HD from 19 Aug

MUMBAI: Eurovision Media Services, in collaboration with its long-term satellite partner, Asia Satellite Telecommunications Company Limited (AsiaSat), will use AsiaSat 5 to deliver the Taipei 2017 Universiade across the Asia Pacific.

Satellites Satellite Operators
15 operational sats for communication, 26 under development

NEW DELHI: Fifteen of the 42 currently operational satellites are being utilised to meet the requirements of the communication industry, the minister of state in the department of space Jitendra Singh has said. Singh told the Parliament that the operational satellites in orbit comprise 18 earth...

Satellites Satellite Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories