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NEW DELHI: With the second quarter of the last year of implementation of the final phase of the digital addressable system having begun, the government is attempting to speed up the process of clearing licences for multi-system operators and the number has now gone up to 840 including the 231 which have permanent (ten-year) licences.
The latest list as on 29 April shows that thirteen more MSOs have been given provisional licences in the week after 21 April and the total of provisional licencees has now risen above 600 to number 609 as against 596.
By 12 January, the Information and Broadcasting Ministry had cancelled the licences of 26 MSOs and closed their cases.
According to the latest list, the area of operation of one MSO has been revised after 21 April. Unlike the last list, none of the new MSOs have been given pan-India licences. The new registrations are for the states of, or specific disctricts in, Gujarat, Uttar Pradesh, Kerala, Harayana, Madhya Pradesh, Maharashtra, Chhatisgarh, Telangana, and Andhra Pradesh.
With the Home ministry directive about doing away with security clearances for MSOs not being communicated in writing to the MIB, the pace remains slow.
The permanent licence issued to Kal Cable of Chennai had been cancelled on 20 August 2014, but this cancellation was set aside by Madras High Court on 5 September the same year. However, Kal Cable’s name continues to be in the cancelled list – presumably because the cases are still pending.
Sources denied that denial of security clearance was the reason for provisional licences and said many MSOs holding provisional licences had not completed certain formalities relating to shareholders and so on.
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...
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...
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.
GTPL Hathway has reappointed Anirudhsinh Jadeja as managing director for three years, at its 16th annual general meeting held on Friday.
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.
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.
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...
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.,...
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...
