In the wake of the Covid2019 crisis, Maharashtra Cable Operators Foundation (MCOF) has written a letter to the union minister of information and broadcasting Prakash Javadekar submitting its propositions for long-term relief and transformation of the last-mile cable operators.
Mukesh Ambani’s Reliance Industries Limited-owned Indian multi-system operator and internet services provider Hathway Cable and Datacom Limited (Hathway) reported consolidated profit after tax (PAT) of Rs 105.47 crore for the year ended 31 March 2020.
BENGALURU: Indian cable and internet services major GTPL Hathway Ltd (GTPL) reported profit after tax (PAT) for the year ended 31 March 2020 (FY 2020, year under review) at Rs 87.72 crore which was more than triple the PAT of Rs 25.08 crore for the previous fiscal (FY 2019). However, the company...
Major multi system operator (MSO) Den Networks reported a consolidated profit after tax of Rs 22.52 crore in the fourth quarter ending 31 March 2020. The MSO reported consolidated net loss of Rs 212.82 crore in the corresponding period of previous fiscal.
Photo by Erik Mclean on Unsplash
Cable operators have been facing problems in the collection of subscription fees since the third week of March as restrictions on social distancing started. Moreover, the countrywide lockdown has caused them more distress.
