Cable TV

Siti Cable acquires RPG cable biz

MUMBAI: In a move that is likely to surprise many in the cable & satellite television industry, the Zee Telefilms controlled Siti Cable has concluded a deal to take control of RPG owned cable networks in Kolkata.

The agreement was reached early this morning in Kolkata where senior Siti Cable executives are camping at the moment. The enterprise value of RPG Netcom is estimated to be around Rs 350 million.

Contacted by, Zee Telefilms additional vice-chairman and Siti Cable head Jawahar Goel confirmed the development.

According to him, " RPG's buy-out will lend momentum to Siti Cable's expansion plan." He added that the "proactive role" of the West Bengal government will go a long way in addressing the concerns of the cable industry.


RPG Netcom is the largest muti-system operator (MSO) in Kolkata controlling 60 per cent of the city's approximately 1.2 million cable homes.

Until about a month ago, media was rife with reports that the Sun Network owned SCV had more or less concluded the deal to buy out the largest MSO in Kolkata.

Ernst & Young was, reportedly, working as a facilitator for the SCV- RPG deal.

Later in the day, a press release was issued by SitiCable stating that Siti - RPG deal is a strategic acquisition of Siticable, which has further strengthened its nation-wide distribution network, in tune with the current strategic processes at Zee.

The media release also adds that as part of same strategy, Siticable has taken on lease two prominent cable networks of Bangalore namely, Ice Network and Atria Network.

Siti Cable has taken other measures as well to consolidate its cable distribution strength through an affiliation scheme, which has received enthusiastic response from various cable networks of the country, particularly in Eastern UP, Punjab, Jammu & Kashmir, Gujarat and Haryana

Latest Reads
Competition regulator okays Goldman Sachs stake purchase in Den Networks

Investment banking major Goldman Sachs has received the Competition Commission's approval to increase its stake in Den Networks to over 24 per cent by acquiring additional shares through preferential allotment route.

Cable TV Multi System Operators
DAS petitions challenging constitutional provisions listed for 3 November

With the division bench taking cognisance of several cases relating the digital addressable system (DAS) Phase III which challenge constitutional provisions, the Delhi High Court will hear the DAS cases on 3 November, 2016

Cable TV DAS
MSOs finally cross 1000 as pan-India DAS deadline nears

With less than three months to go for the deadline of the final phase which will complete cable digitlization all over the country, the total number of multi-system operators has finally crossed 1000 with 774 getting provisional licences till 30 September 2016.

Cable TV Multi System Operators
Several DAS III petitions may be transferred to Division Bench of Delhi High Court

NEW DELHI: The Digital Addressable System (DAS) Phase III legal wrangle is moving on, albeit slowly and steadily.  Lawyers appearing on behalf of the multi-system cable TV operators (MSO) will inform a single-judge bench of the Delhi High Court about a large volume of cases relating to DAS III...

Cable TV DAS
Going a la carte with Star and Indiacast has helped: Bibhu Prasad Rath

Bhibu Rath heads one of the small regional cable TV players in the TV distribution business: Ortel Communications. The MSO began as a local player in the state of Odisha. But, it has since spread into neighboring states such as Chattishgarh, West Bengal, Andhra Pradesh and Telangana. In fact, it...

Cable TV Multi System Operators
Bihar govt trebles cable TV entertainment tax to Rs 50

Even as the government is working on subsuming entertainment and other incidental taxes into a goods and service tax (GST) which would be around 18 per cent, cable TV subscribers in Bihar are about to be delivered a blow to their wallets.

Cable TV Multi System Operators
DEN seeks Goldman Sachs investment nod from shareholders

MUMBAI: Leading Indian multisystem cable TV operator (MSO) DEN Networks –promoted by Sameer Manchanda- which got its board’s nod to issue another 1.58 crore shares at a price of Rs 90 per share to existing investor Goldman Sachs is now seeking shareholder approval for the same through an...

Cable TV Multi System Operators
NXT Digital-InCable merger gets shareholder nod; D’Silva bemoans lack of ecosystem support

MUMBAI: Hinduja Ventures Ltd’s (HVL’s) proposal to demerge its NXT Digital headend in the sky (HITS) business from its subsidiary Grant Investrade Ltd (GIL) and merge it into its cable TV MSO offshoot Indusind Media & Communications Ltd (IMCL) got the thumbs up from its shareholders at its...

Cable TV Multi System Operators
Comcast to launch wireless service using Verizon

Here is good news for all Comcast subscribers. The US cable giant’s chief executive Brian Roberts has announced the launch of a wireless service by mid-2017. It plans to create a service that would run on its 15 million WiFi hotspots and use Verizon's wireless network through a deal struck in 2011...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories