Cable TV
Report on Hindi News Viewership

Hinduja group pays HITS licence fee

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/06/30/hinduja_group.jpg?itok=773HyniO

MUMBAI: Grant Investrade, which is a 100 per cent subsidiary of Hinduja Ventures, today paid the Rs 10 crore licence fee to the Ministry of Information and Broadcasting (MIB). The group is now awaiting the MIB's letter of intent to apply for the WPC clearance. 



 

With this, the $100 million HITS Hinduja project will start rolling out. "We made the payment today. We are eagerly waiting for the letter of intent by the MIB to proceed with the next step," informs IMCL MD & group CEO Tony D'silva exclusively to indiantelevision.com.

Following this, the company will also make the Rs 40 crore bank guarantee deposit. “We will now move towards signing agreements with the satellite provider and finalising site location,” adds D’silva.

The next 10 days are going to be very busy for D’silva, who is at the helm of the HITS project. The company will start with the promotional activities, discussions with the last mile owners, creation of organisational structure, appointment of distributors and discussions with vendors in the next one week or so.

“The HITS project will be up and running in the next six months,” he informs.

While the HITS licence was obtained on 6 March, what took the company so long to pay the licence fee? Answers D’silva, “When we got the permission, immediately the elections dates were announced, so we lost time on that. Also we weren’t clear whether the government was committed to phase III and IV. Now since we have enough clarity, we decided to go ahead with the first step of paying the licence fee.”

Through HITS, the company is looking at capturing 15-20 per cent of the 120 million households in phase III and phase IV markets. While the technology team is already in place, the others will be appointed soon.

D’silva hopes to be able to create better packages for the HITS platform. “Broadcasters should consider re-pricing their channels. The packaging and bundling of channels needs to be different for phase III and IV. With phase I and II contributing to 75 per cent or more of their existing revenues that is from 30 million homes, phase III and IV which has close to 100 million homes, the broadcasters should reduce their rates to one-third of the existing rates,” he opines.

Apart from HITS, the group’s IndusInd Media and Communications Limited (IMCL) will also see a major boost in terms of the number of channels the MSO currently provides. “We will be increasing the number of channel offering from the current 350 to 500. This will help us become more competitive on ground,” he says.

IMCL in the next one or one and a half months will also launch a prepaid model for its subscribers. “We are talking to other MSOs in Mumbai and the Maharashtra Cable Operators Federation (MCOF) for this. I am hoping that all the other MSOs across the country will also join us for the prepaid model,” says D’silva.

The HITS model will have a complete different vertical which will cater to all the content and video on demand (VOD) services requirements. “The services will be made available to all the LMOs along with IMCL,” concludes D’silva.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/07/22/hathway.jpg?itok=9Igtn9Xm
Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore. The company reported profit after tax of Rs...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/07/15/gtpl.jpg?itok=o4616v5F
GTPL Hathway Q1 FY23 consolidated revenues up 10 per cent YoY at Rs 645.4 crore

Mumbai: Digital cable TV and broadband company GTPL Hathway announced its financial results for the first quarter of FY2023 on Thursday. The company reported consolidated revenue of Rs 645.4 crore a growth of 10 per cent year-on-year (YoY). The company reported subscription revenue of Rs 272.7...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/07/05/ib.jpg?itok=LS3e0aZz
MIB revokes 12 and grants 6 MSO licenses between April & July

The ministry of information and broadcasting has granted six new licenses to multi-system operators (MSOs) between 21 April to 4 July and cancelled 12 licenses between April and 4 July. The total number of registered MSOs stood at 1753.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/06/10/anirudhsinh_jadeja.jpg?itok=e0VCxqsY
GTPL Hathway reappoints Anirudhsinh Jadeja as a MD for three years

GTPL Hathway has reappointed Anirudhsinh Jadeja as managing director for three years, at its 16th annual general meeting held on Friday.

Cable TV People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/06/06/ranjan-gupta.jpg?itok=qJ0PE9AA
FY 2022-23 will be a transformational year for the company: Hathway Cable & Datacom MD Rajan Gupta

On building a profitable business, Hathway Cable and Datacom managing director Rajan Gupta stated that he believes FY 2022–23 will be a transformational year for the company.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/18/nxtdigital.png?itok=TYkKADja
Nxtdigital records revenue of Rs 1152.19 crore for FY22

Nxtdigital Ltd on Wednesday announced the results for financial year 2022. The media and communications company recorded revenue of Rs 1,152.19 crore for the year ending 31 March, registering a growth of 14.3 per cent year-on-year.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/02/mib-800.jpg?itok=GTi_Cgo0
MIB cancels three MSO licenses in April

Mumbai: The ministry of information and broadcasting (MIB) reported that there are 1761 registered multi-system operators (MSOs) as of 30 April compared to 1763 registered MSOs on 22 March. The ministry granted one new license, cancelled three licenses and rejected two applications for license in...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/04/17/gtpl-hathway.jpg?itok=XvCu0d07
GTPL Hathway to maintain FY22 revenue and EBIDTA growth in FY23

GTPL Hathway saw 12 per cent growth in revenues at Rs 24,154 million and four per cent increase in EBITDA (earnings before interest, tax, depreciation and amortisation) to Rs 5,677 million year-on-year in FY22. The company expects to maintain this growth rate for the current financial year i.e.,...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/04/16/hathway.jpg?itok=aXXLaUJl
Hathway Cable and Datacom reports revenue of Rs 1,793 crore in FY22

Mumbai: Hathway Cable and Datacom Ltd reported gross revenue of Rs 1,793 crore in FY22 an increase of four per cent over FY21. Its broadband revenue stood at Rs 621.9 crore while CATV revenue stood at Rs 1171.1 crore for the financial year. The company reported profit after tax of Rs 130.4 crore a...

Cable TV Local Cable Operators