Cable TV

Hinduja Ventures Ltd announces reorganisation of its media & communications business

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MUMBAI: The Board of Directors of Hinduja Ventures Limited ("HVL") at its meeting held today have accorded In-Principle  approval  for reorganization of Media and  Communications  undertaking of Induslnd Media & Communications Limited ("IMCL"), into HVL subject to all statutory/ regulatory approvals and approval of the shareholders.

The media  business  of IMCL consists  of digital content  distribution business carried  out through multiple platforms including satellite and fibre and also the Broadband business carried out through its subsidiary.

IMCL - A handsome turnaround

IMCL, the only integrated digital platform operator ("DPO") in the country, with delivery via digital cable, satellite ("HITS" or Headend-ln-The-Sky)  and fibre; has seen a handsome turnaround in the quarter due to the successful implementation of the New Tariff Order by the Company from February
2019  till date  and  holds very good  promise  for improved  operating results  going forward. The
Company also benefitted  from successfully converting its customer  base to a fully prepaid  model.

"IMCL has posted a positive Operating profit and positive Profit after tax for the first quarter of the current year. We expect this positive trend to continue, buoyed by cutting-edge technology that will spawn  a series  of innovative  products and solutions,  a robust  inclusive  model with all our cable operator partners and a customer-centric approach"says Vynsley Fernandes, Chief Executive Officer, IMCL.

The successful implementation of the New Tariff Order by IMCL; while simultaneously ensuring that there is least disruption to customer  service has been very well recognized  by the industry and all stakeholders. In appreciation of this, IMCL has won two prestigious awards at the Annual BCS Ratna Awards- "Best  NTO implementation by a DPO" and "Best  LCO and  Consumer management services."

Highlights of IMCL:

IMCL has many firsts to its credit. Some of these are listed below:

•    Only MSOJDigital Platform Operator  (DPO) to operate in all the states and union territories of the country.
•    HITS satellite services connected  to 1,500+ physical points-of-presence in India - covering
2,000+  pin codes across the country.
•    Only DPO to have a dual digital delivery  platform - Digital caple through  fibre and  HITS
through satellite.
•    First DPO to introduce the prepaid collecQon model- 99.5%  of the customer base on prepaid
•    The Company has:
o     Introduced multiple types of Set Top Boxes (STBs) ranging from low-cost Standard Definition (SD) STBs to Hybrid High Definition (HD) STBs, that allow conversion of any TV set into a "Smart" TV.
o     Introduced VAS services channels - branded "NXT Services" across multiple genres and for all age groups - a bouquet which is very popular among consumers
o     Became the provider  of most  number  of channels  across  DPOs - offering 730+ TV
channels in key cities and 700+ TV channels via satellite on the HITS platform.
o     Introduced the "Managed Services" Model whereby small MSOs and LCOs are able to operate profitably  by using the infrastructure of IMCL on an opex model. IMCL has already signed up half a million subscribers on this model -only DPO providing this service as of now
o     Successfully transitioned to the New Tariff order
o     Is the DPO with the highest number  of packages for customers to choose from in the NTO regime - 800+ packages; including specially curated  packages in 11languages.

This reorganization is in line with the growth  plans of IMCL - as a leading player in the digital space;
and is expected to be value accretive to all stakeholders.

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