Cable TV
Report on Shemaroo

Siti Networks to acquire 76% stake in Meghbela Infitel

The acquisition will help the MSO to expand its presence in Kolkata

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/03/30/siti_networks.jpg?itok=OVHRPeA7

KOLKATA: Multi-system operator (MSO) Siti Networks will pick up 76 per cent stake in Meghbela Infitel Cable & Broadband through its subsidiary Indian Cable Net Company. The board constituted investment committee of the company has approved the acquisition in a meeting held on 25 March 2021.

Meghbela Infitel was incorporated on 9 July 2015 under the Companies Act, 2013. It is engaged in MSO business and has a presence in Kolkata. 76 per cent equity stake in the paid-up equity share capital of the company will be acquired by Siti Networks’ subsidiary.

While consideration will be payable in cash, 7,600 shares will be acquired at Rs 10 each. “Meghbela is in the process of acquisition of cable TV business in Kolkata, which will help in expansion of the market of the company in Kolkata,” the company said in a regulatory filing on BSE.

Siti Networks posted Rs 390.6 crore total revenue for the third quarter of FY2020. It posted Rs 270.6 crore subscription revenue in the same quarter.

The MSO’s operating EBITDA surged to Rs 63.80 crore. This was achieved through strict control over expenses and operating efficiencies, the company stated. Its operating EBITDA margin for the quarter moved to 16.3 per cent through control of various cost elements.

Siti Broadband also expanded its footprint to 21 cities by the end of the quarter, with the net base increasing to 1.9 lakh.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/den.jpg?itok=w4oFCss2
Den Networks’ Q4 subscription revenue down 15% to Rs 190 crore

Multi-system operator Den Networks has reported consolidated net profit at Rs 33.89 crore for the fourth quarter of financial year 2021 (FY21), a 50.56 per cent rise year-on-year basis. 

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/cb.jpg?itok=IY3n5zV6
Emergency plan in place, cable operators are prepared to counter Covid

During the Covid2019 outbreak last year, cable operators in India served the country’s entertainment and infotainment needs as an essential service. It was not easy to operate in a lockdown for an industry that involves huge on-ground operation as well as close contact with consumers.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/17/gtpl.jpg?itok=5fqsBLxG
GTPL Hathway posts Rs 599.1 crore revenue for Q4

On the back of strong performance in the fourth quarter of FY21, GTPL Hathway has posted Rs 599.1 crore revenue, up 29 per cent year-on-year. The pan-India multi system operator (MSO)’s revenue from operations for the last fiscal has gone up 22 per cent year-on-year to reach Rs 2148.4 crore.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/15/siti-magic.jpg?itok=0q3tR0mj
In hybrid push, Siti Networks launches Siti PlayTop Android TV set top box

New DELHI: In a bid to cement its place in the hybrid set-top box space, multi-system operator (MSO) Siti Networks has launched Siti PlayTop Magic, a 4K HDR STB which offers Android TV features along with linear TV. For a superior next-generation entertainment experience, the STB uses NAGRA’s card-...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/06/img_06042021_133917_800_x_800_pixel.jpg?itok=boL8SuIM
AIDCF elects Anirudhsinh Jadeja as new president

KOLKATA: All India Digital Cable Federation (AIDCF) has appointed GTPL Hathway MD Anirudhsinh Jadeja as the new president of the apex body of digital cable television players. The change has been made as the tenure of DEN Networks CEO SN Sharma as AIDCF president ended on 31 March 2021. Jadeja is a...

Cable TV People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/26/reliance.jpg?itok=ncvJEGVK
RIL to sell stakes in Den, Hathway for Rs 1,122 crore

NEW DELHI: Reliance Industries Ltd (RIL) is getting ready to divest its shares in Den Networks and Hathway Cable through offers for sale (OFS) in compliance with the minimum public holding norms laid down by the Securities and Exchanges Board of India (SEBI). RIL will sell its stakes in Den and...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/11/an.jpg?itok=0Tr6JNxj
Is IPTV DASH mechanism the way forward for cable operators in India?

Cable television service, the biggest video service provider in India, now needs to look at new technologies for cutting down cost of operations as well as simpler content delivery. At a time when multi-system operators (MSOs) are extending their offerings to broadband services, IPTV network can be...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/10/vbs.jpg?itok=xvOBLA1F
VBS 2021: Customer remains king for cable & broadband industry

In the aftermath of Covid2019, businesses and organisations across the world tried to make sense of what hit them as they weighed their futures against the new lessons that the pandemic taught them, unlearning some of the established tenets in the process.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/08/vbs.jpg?itok=mehXTaWm
Indian pay TV ecosystem yet to optimise HD viewing opportunity

Industry leaders have emphasised over and over again that despite recent developments and change in consumer preferences, pay TV will continue to coexist with over-the-top (OTT) platforms. On the other hand, the need for a sustainable business model is also undeniable amid the rapid flux in the...

Cable TV Local Cable Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required