Cable TV

Nxtdigital board gives in-principle nod for digital, media biz to be acquired by Hinduja Global Solutions

Includes broadband, HITS, digital cable TV, content syndication & teleshopping business.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2022/01/15/nxtdigital22.jpg?itok=gaCl_Id9

Mumbai: Nxtdigital Board on Friday accorded in-principle approval for its digital and media businesses comprising broadband, HITS, digital cable television, content syndication & teleshopping to be acquired by Hinduja Global Solutions Limited (HGSL).

The proposed acquisition is subject to all statutory or regulatory approvals and approval of the shareholders.

The move is set to fuel and accelerate Nxtdigital Ltd (NDL)'s planned expansion across the digital ecosystem through synergies with HGS’ strength in digital processing and back-end expertise. "NDL will focus on harnessing the best of emerging technologies, whilst expanding its portfolio of digital solutions across geographies," it said in a statement on Friday.

The proposed acquisition will include the management team, employees, all businesses and technology across the entire media, communications and broadband spectrum.

According to the details available, the proposed acquisition will result in shareholders of NDL receiving shares of HGS as per an independent share swap valuation, subject to applicable regulatory approvals.

The media vertical of the global Hinduja group, Nxtdigital has launched some innovative solutions in the recent past and planned significant expansion in the emerging digital solutions space. "This move will provide much needed synergies, by leveraging the inherent expertise of HGS in the digital back-office and processes space, while allowing the media business to focus on digital expansion. This is also in line with NDL’s vision and mission of being a significant digital platforms company, harnessing the best of emerging technologies, whilst expanding its portfolio of digital solutions across geographies," it said in a statement.

The company said it will appoint independent valuers to carry out the valuation exercise and submit the report including share exchange ratio; besides also appointing other key intermediaries to facilitate the proposed move.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/20/img_20012022_125423_800_x_800_pixel.jpg?itok=CGseA2Nk
Hathway Cable reports gross revenues of Rs 455 cr for Q3 FY22

Mumbai: Hathway Cable and Datacom Ltd posted its third-quarter financial results for FY 2022. The company reported its gross revenue at Rs 455 crore an improvement of three per cent year-on-year. The company saw broadband revenue of Rs 154.9 crore and cable TV (CATV) revenue of Rs 300.1 crore. It...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/13/img_13012022_160210_800_x_800_pixel.jpg?itok=RTyUF4B6
GTPL Hathway reports consolidated revenues of Rs 6130 million for Q3 FY22

Mumbai: GTPL Hathway has announced the financial results for the third quarter and nine months ended on 31 December 2021, as approved by its board of directors. The company’s consolidated Q3 FY22 revenue (incl EPC) stood at Rs 6130 million. Its consolidated 9M FY22 revenue (incl EPC) stood at Rs 18...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/10/img_10012022_182116_800_x_800_pixel.jpg?itok=JZjZhce9
GTPL Hathway announces partnership with Aprecomm

Mumbai: Cable TV distribution and broadband service provider GTPL Hathway Ltd on Monday announced the investment in innovative technology to remotely optimise its residential Wi-Fi connections through a partnership with Aprecomm.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/31/img_31122021_151223_800_x_800_pixel.jpg?itok=Iw-nP76I
Yogesh Sharma takes over as Siti Networks CEO

Mumbai: Siti Networks Ltd, an Essel Group company has appointed Yogesh Sharma as chief executive officer from 1 January. Sharma joined Siti Networks as vice president in 2018 and became the chief operating officer in 2019. He has been instrumental in introducing innovative ideas, implementing new...

Cable TV People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/08/img_08122021_151124_800_x_800_pixel.jpg?itok=mzQuZR94
Do Smart TVs Have Security Risks?

The craze for Smart TVs at homes is through the roof. With the given benefits of watching different shows to browsing Internet on TV, smart TVs are probably on people’s appliances list to buy in the coming years.  

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/nxtdigital.jpg?itok=B-JiQCPM
Nxtdigital’s rights issue subscribed by 194 %, receives Rs 560.13 cr

Nxtdigital has announced that the company’s rights issue of equity shares of two shares for every five shares held in the company (aggregating a total of 96,20,463 shares) which closed on 29 November was subscribed 1.94 times.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/25/chrome.jpg?itok=haSG5jFS
Free Dish grows by 11 per cent across rural, urban households: Chrome DM

Mumbai: Chrome Data Analytics & Media has announced the results for its bi-annual subscriber establishment survey (SES) and released a November report based on a Pan India ground survey conducted between April to June, 2021.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/11/nxt-digital.jpg?itok=LMku_K6q
Nxtdigital clocks 15.48% revenue growth in H1

Integrated digital platforms company Nxtdigital, the media vertical of the Hinduja Group has reported a 15.48 per cent growth in its consolidated revenues for the half year ending 30 September. The revenue reached Rs 543.42 crore, up from Rs 470.58 crores for the corresponding period of the...

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required