Cable TV
Report on Shemaroo

GTPL Hathway sells stake in two subsidiaries

The subsidiaries are Vaji Communications and Vizinagar.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/01/28/gtpl.jpg?itok=3mggGs46

KOLKATA: GTPL Hathway has sold its entire 51 per cent equity stake in Vaji Communications and Vizinagar. Post the transaction, both the companies are no longer subsidiaries of the cable company.

The multi-system operator has sold 32,96,010 equity shares in Vaji Communications having face value of Rs 10 each and 100 per stake in preference shares i.e. 61,50,000 cumulative convertible preference shares having face value of Rs 10 each on 27 January 2021 for a cash consideration of Rs 3,29,601 and Rs 6,15,000 respectively through share transfer agreement.

It has also sold its 51 per cent equity stake i.e. 51,000 equity shares having face value of Rs 100 each in Vizianagar for a cash consideration of Rs 5,100 on the same day.

Vaji Communications and Vizianagar reported total income of Rs 52.98 million (0.22 per cent of consolidated income of the company) and Rs 143.50 million (0.59 per cent of consolidated income of the company) respectively and net worth of Rs 7.62 million and Rs (18.38) million respectively in FY 20.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/02/25/gtpl.jpg?itok=TTFaHJQS
GTPL Hathway looks to expand cable TV subs by over 50% in 3 years

The debate surrounding the future of cable operators in India has become more pressing in the wake of the Covid2019 crisis, which spurred the growth of over-the-top platforms and emergence of deep-pocket content aggregators.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/02/19/mix.jpg?itok=Eyc9zQ_o
Cable TV subscription revenue stays mostly flat in Q3, broadband biz grows faster

Distribution platform operators (DPOs) played a crucial role during lockdown, keeping the reach of television content intact to millions of households in India. Although viewership went up at that time, the balance sheets reflected something entirely different both for TV channels as well as DPOs,...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/02/05/img_05022021_194432_800_x_800_pixel.jpg?itok=kgAAtB3O
Siti Networks posts Rs 390.6 crore total revenue for Q3

KOLKATA: Multi System Operator Siti Networks Ltd has posted Rs 390.6 crore total revenue for the third quarter. Subscription revenue stood at Rs 270.6 crore for the quarter. The MSO’s operating EBITDA surged to Rs 63.8 crore. This was achieved through strict control over expenses and operating...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/29/comcast.jpg?itok=dfPR9sIQ
Comcast sees high growth in broadband, streaming biz in Q4

US-based telecom conglomerate Comcast has posted strong quarterly results on the back of rapid growth in its broadband business. The company has posted a 6.9 per cent rise in fourth quarter net profit.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/29/nxt_0.jpg?itok=dvXo2r0h
NXTDigital posts Rs 259.9 crore consolidated revenue in Q3

NXTDigital reported consolidated revenue of Rs 259.9 crore for the third quarter (Q3), 10.24 per cent up quarter-on-quarter basis. The EBIDTA for the quarter stood at Rs 62.48 crore, recording a growth of 20.85 per cent.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/14/den.jpg?itok=fLv-q-bm
Den Networks posts strong profit in Q3’21

NEW DELHI: Den Networks has reported total revenue of Rs 342 crore for the quarter ended 31 December 2020, up eight per cent on a year-on-year basis. During the same quarter last year, it clocked Rs 318 crore in revenue. Net profit rose 238.69 per cent to Rs 65.57 crore, as against Rs 19.36 crore...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/14/gtpl.jpg?itok=5lw-ph2o
GTPL Hathway posts Rs 553 crore consolidated revenue for Q3

Cable TV and broadband service provider GTPL Hathway reported its net profit rose 36.81 per cent to Rs 45.23 crore in the quarter ended 31 December 2020, as against Rs 33.06 crore for the same quarter in December 2019.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/17/all.jpg?itok=qVE-Bc_q
What will it take to make Indian CAS acceptable to MSOs?

Despite the overwhelming importance of Conditional Access System (CAS) in the overall content distribution network, there have been few discussions on CAS.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/15/cabel-tv.jpg?itok=AlMmqAas
Indian broadcasting & cable TV market to surpass $19 billion by 2026, says report

2020 was packed with unforeseen highs and lows for the Indian broadcasting and cable TV sector. From record viewership, to plummeting ad revenues, to the NTO 2.0 wrangle, the industry is still in a rather precarious position.

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required