Cable TV

Arasu Cable plans to launch an OTT service

It will seek a loan of Rs 100 crore.

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MUMBAI: Tamil Nadu Arasu Cable TV Corporation (TACTV), the State-owned MSO of Tamil Nadu, is soon jumping on the OTT bandwagon. In addition to it, the MSO will also be providing IPTV services and internet connectivity to rural and urban households. The information was shared by the state minister for Information Technology M Manikandan in the assembly on Wednesday.

He also went on to mention that Arasu aims to get a loan of Rs 100 crore in 2019-2020 with a government guarantee. This loan is to cover up the cash flow deficit that the company is witnessing due to purchasing set top boxes. The investment into STBs led to a depletion of funds and so the company could not meet its financial obligations. There was also expenditure due to broadcasting services.

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