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 Indiantelevision.com, 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

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/den.jpg?itok=QQbrO9t0
DEN aims to convert 10% of SD subscribers to HD in a year

DEN Networks CEO SN Sharma has set a target of converting 10 per cent of its standard definition (SD) subscribers to high definition (HD) within a year.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/gtpl.jpg?itok=iHTj8qw9
GTPL Hathway appoints Viren Thakkar as new chief financial officer

GTPL Hathway , one of the major players in the Indian cable TV and broadband industry, has appointed Viren Thakkar as chief financial officer of the company. The appointment ,which will come into effect from 2nd July, was posted on the Bombay Stock Exchange (BSE) website.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/13/hathway.jpg?itok=j_Ps51Lv
Hathway plans to seed 2.5 lakh high definition set top boxes in FY19

Going along the lines of FY18, broadband and cable TV service provider Hathway Cable and Datacom is planning a Capex of Rs 310 crore in FY19. In addition to that, it plans to seed 2.5 lakh high definition (HD) set top boxes (STB) in FY19. The company had 2.16 lakh HD subscribers at the end of...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/05/gtpl.jpg?itok=f9kTo-vP
Jayanta Pani Resigns as CFO of GTPL Hathway

Jayanta Pani chief financial officer (CFO) of GTPL Hathway has decided to part ways with the company. Pani's last working day at GTPL, where he joined in November 2008, will be 30th June.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/01/tv.jpg?itok=Ky_blUZ3
VITEC and ATX join hands for distribution of IPTV content

VITEC, a worldwide leader in advanced video encoding and streaming solutions, and ATX Networks, a technology leader of optical and media access platforms, has announced a strategic partnership to provide a fully secure architecture for distribution of IPTV content throughout the enterprise network...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/29/ram.jpg?itok=bxg_Fn4I
Obit: Remembering InCable’s Ram T Hingorani

MUMBAI: “Hi I am Ram Hingorani,” said the squeaky but very amiable voice. I looked around and saw this short bespectacled man dressed in a safari suit, with his hair slicked back. “I am here to show you around and I am with the media business of the Hindujas.” The time was the mid to late nineties...

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/gtpl.jpg?itok=IpVVpMl7
GTPL revenue up as subs base, ARPU increase in fiscal 2018

As mentioned by us earlier, Indian multi-system operator and internet service provider GTPL Hathway Ltd’s(GTPL) consolidated total revenue for FY 2018 (fiscal 2018, yearunder review, year ended 31 March 2018) had increased 18.2 percent as compared to the previous year (FY 2017).

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/29/hathway.jpg?itok=qW-ovPbC
Hathway reports improved numbers

BENGALURU: The demerged Hathway Cable and Datacom Ltd (Hathway) reported standalone profit after tax (PAT) of Rs 12.62 crore (8.7 per cent of operating revenue) for the quarter ended 31 March 2018 (Q4 2018, quarter under review), 47.1 per cent lower as compared PAT of Rs 23.87 crore (17.2 per cent...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/26/gtpl_0.jpg?itok=RJce6wQl
GTPL Hathway board moots 10% dividend for fiscal 2018

BENGALURU: The board of directors of Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) has mooted dividend of Re 1 or 10 per cent per equity share of face Rs 10 each subject to approval from shareholders for the year ended 31 March 2018 (FY 2018, year or fiscal...

Cable TV Local Cable Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories