Cable TV

Liberty eyeing investment in Indian cable company

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/10/Untitled-1_5.jpg?itok=wNy7nYHi

MUMBAI: As the CAS story firms up, so too does the interest with which big international cable companies view the Indian scenario.

The most active on this front appears to be John Malone's Liberty Media Corp, which is eyeing an investment into the cable TV business in India. The company has initiated talks with Hinduja-owned IndusInd Media and Communications Ltd (IMCL) but no breakthrough has been reached thus far, sources say.

Late last year, a senior team visited IMCL headquarters in Mumbai but talks have stalled after that. A preliminary agreement on the valuations couldn't be reached, sources say.

When contacted, Hinduja TMT Ltd MD K Thiagarajan said the cable business of the company was attracting a "lot of interest from strategic and financial investors." But he refused to comment on whether the company was in talks with Liberty Media. "I can't comment specifically on any investor," he said. IMCL, which operates the cable business under Incablenet brand, is a subsidiary company of HTMT.

Sources say HTMT was looking at a valuation of around $900 million for its cable TV business. Interestingly, Zee Telefilms Ltd chairman Subhash Chandra said, in an interview to a business channel, that the value of his cable assets ought to be in the region of $800-900 million.
Liberty, however, is waiting to see how conditional access system (CAS) rolls out. Investors feel digital cable TV will help organise the industry and bring subscribers under the addressable system. Average revenue per users (ARPUs) would also go up.

If Liberty does make an entry into India, then it will be Malone's second big entry into the Asian market after Japan. According to the latest report by Hong Kong-based Media Partners Asia (MPA), Liberty-controlled J:COM, the most successful broadband cable TV operation in Asia and in Japan, will April 15 launch HDR services (High Definition Recorder capabilities with a High Spec Double Tuner Recorder), a new J:COM digital service available in all J:COM franchises, which pass 7.9 million homes.

Zee Telefilms has already announced its plans to de-merge Siticable, a wholly owned subsidiary, into a separate company called Wire and Wireless (India) Limited (WWIL). This would bring specific focus into the cable business and be attractive to investors.

Queried by Indiantelevision.com earlier as to whether he saw the demerged cable business (Siticable) and the direct consumer services business (Dish TV) as being the most likely to invite international interest for strategic and financial partnerships, Chandra had replied in the affirmative.

HTMT is also planning to de-merge the company's IT/BPO and media businesses into separate entities. "It couldn't be done this year because of certain taxation issues. The programme is still alive and we hope to de-merge early next fiscal. A committee of directors are looking into the issue," said Thiagarajan.

When asked whether HTMT would de-merge after selling its stake in Hutchison Essar Ltd, Thiagarajan said he wouldn't like to comment on the issue. HTMT, together with its wholly owned subsidiary InNetwork Entertainment Ltd, is holding 91.54 per cent of IndusInd Telecom Network Ltd (ITNL) corresponding to a 4.68 per cent effective stake in Hutch. HTMT plans to exit from the telecom business and sale out its entire stake before Hutchison Essar goes for an initial public offering (IPO).

With Zee de-merging its cable subsidiary, foreign companies may now turn their eyes on WWIL. And with CAS rollout imminent, Liberty, Comcast and Time Warner Cable may seriously look at setting up a footprint in India.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/in.jpg?itok=nHQvEPXR
INDUSIND Media live telecasts "Magnetic Maharashtra Convergence 2018 - Global Investors Summit"

INDUSIND Media & Communications limited of Hinduja Group provides the live telecast of events from “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” through their Indigital services for the benefit of all their viewers in Greater Mumbai, Maharshtra and some Key cities in India...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/Hathway-800.jpg?itok=ECpfVVbW
Hathway leads the way in wireline net subs addition in Q3

BENGALURU: Over the past few years, multi-system operators, or MSOs, and cable television operators have been trying to enhance revenue by offering broadband internet services riding piggyback on their cable TV network wires.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/15/gtpl.jpg?itok=pbofWFNO
GTPL reports higher numbers for Q3 2018

BENGALURU: Indian multi system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited (GTPL) has reported a year-on-year (yoy) growth in standalone as well subsidiary companies revenues, operating profits and net profits for the quarter ended 31 December 2017 (Q3...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/13/Ashok_Manshukani.jpg?itok=vzIdN2WA
Hinduja Ventures appoints Ashok Mansukhani as MD; net profit remains flat

MUMBAI: Hinduja Ventures Ltd (HVL) whole-time director Ashok Mansukhani has been elevated as the managing director of the company for two years from 30 April 2018 to 29 April 2020. Mansukhani completes his existing term as whole-time director on 29 April.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/13/hathway.jpg?itok=3o99NTYK
Hathway reports improved standalone Q3 results

BENGALURU: The demerged Hathway Cable and Datacom (Hathway) reported standalone profit after tax (PAT) of Rs 23.87 crore (17.2 per cent of operating revenue) for the quarter ended 31 December 2017 (Q3 2018, quarter under review), 70.4 per cent higher as compared to PAT of Rs 14.01 crore (10.7 per...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/08/den_0.jpg?itok=k1rUPbMW
TDSAT rules in favor of DEN Networks, directs ZEE entertainment to provide channels on RIO basis

In a major victory for DEN Networks – TDSAT (Telecom Disputes Settlement and Appellate Tribunal) directed ZEE Entertainment Limited (ZEEL) to provide channels to DEN Networks on RIO basis dismissing ZEEL’s claim that SMS and CAS of DEN were not compliant with the regulations.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/06/shaji.jpg?itok=7-EuZwTb
Dual LCN helping consumers, says KCCL's Shaji Mathews

MUMBAI: Kerala Communicators Cable Ltd (KCCL) CEO Shaji Mathews believes dual local channel numbers (LCN) is helping consumers and that its fate should be left to the market.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/29/sn-sharma.jpg?itok=zb-UXj04
DEN readies Android-based STB for Feb launch

Multi-system operator (MSO) DEN is all set to revamp its old hybrid set top box (STB) into a smart STB. The new STB will support 4k HD as well as internet access.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/25/rajesh.jpg?itok=3pXyRF0n
Operating margin, sub revenue prop up Siti financials

BENGALURU: Backed by higher subscription and carriage revenue, Indian multi-systems operator (MSO) Siti Networks Ltd (Siti) has posted 19.4 percent higher consolidated total income for the quarter ended 31 December 2017 (Q3 2018, the quarter under review) as compared with the corresponding year...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories