Cable TV

Hathway board clears GTPL IPO

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/18/Untitled-1.jpg?itok=FPEC6peX

MUMBAI: Even as naysayers have been saying investor sentiment is pretty negative about the cable TV distribution sector in India, here is a company which is looking to swim against the tide. Cable TV and broadband internet services provider Hathway Cable & Datcom’s board today gave it the thumbs up to make an initial public offering for its subsidiary outfit GTPL Hathway.

GTPL Hathway offers cable TV and broadband services in many cities in India among which figure Pune, Ahmedabad and Kolkata.

The board gave approval to the IPO proposal which seeks to raise funds for GTPL through a fresh issue of equity shares while giving an option to existing GTPL shareholders to sell their holdings. Hathway holds around nine million shares in GTPL, according to a filing wih the Bombay stock exchange on Wednesday.

The Hathway board also gave a go-ahead to the proposal to set up a committee to work on the various aspects of the proposed IPO including regulatory and shareholder approvals. Of course, all these proposals would be subject to shareholder and regulatory approval.

Hathway has 23 headends in 160 cities nationwide and its cable TV service subscriber base as on 31 March 2016 was 12.3 million with 10.6 million of them having migrated to digital cable TV. It had a broadband susbscriber base of 627,000 even as it passed 3.3 million homes. 2.4 million of the cable TV subscribers were in phase I areas; 4.2 million in phase II, while its phase III and IV universe was at 4.1 million.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/29/airtel.jpg?itok=_4RfhC5F
Airtel has perfected the LCO model for home broadband, says Gopal Vittal

Bharti Airtel (Airtel) is going head-to-head with archrival Jio in the home broadband segment by putting pedal to the metal on its expansion plans. While the company has seen record subscriber addition in September, it will keep focusing on LCO partnership model.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/21/urg.jpg?itok=8jlUG3t8
NXTDigital launches new consumer connect program for Durga Puja

As the country gears up to welcome Goddess Durga, NXTDigital, the media arm of the Hinduja Group, has come up with a new consumer connect program – ‘ NXTDigital DURGOTSAV’.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/21/tt.jpg?itok=ZsJhpiDt
MCOF’s Prabhu sounds the alarm for cable TV fraternity

Although linear television remains the primary mode of viewing for most Indian households, cableTV  operators still face numerous challenges – what the rapid uptake of OTT services and the inflexible pricing regulations set by the regulator.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/16/hathay.jpg?itok=aq8ldHwl
Hathway profits up on lower revenue in second quarter

The Mukesh Dhirubhai Ambani controlled MSO and broadband internet services provider Hathway Cable and Datacom Limited (Hathway) reported consolidated profit after tax (PAT) at Rs 52.33 crore for the quarter ended 30 September 2020.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/13/tv.jpg?itok=0xU4JWut
SPNI goes head to head with Indore-based Digiana Projects on “piracy”

The battles in cable TV land continue, what with life gradually coming to the new normal.  Sony Picture Networks India (SPNI) ,for instance, says it is cracking the whip on Indore-based MSO Digiana Projects for allegedly availing signals through clandestine means.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/06/vynssssss_copy800800.jpg?itok=twmWTT28
Vynsley Fernandes becomes CEO NXTDigital

Vynsley Fernandes has been known as the CEO of Hinduja group-owned Indusind Media & Communications which runs cable TV MSO InCable TV, a position he took up in August 2018. As of last month, his role and designations have changed: he has been redesignated as CEO of the theheadend in the sky (...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/ashok_manshukani.jpg?itok=GH7Yg4f4
Ashok Mansukhani bids adieu to NXTDigital

KOLKATA: Ashok Mansukhani is departing from NXTDigital putting an end to a 24 year long association with the Hinduja group.The industry veteran will retire on 30 September.  According to a BSE filing, his term as managing director and key managerial personnel was extended on 29 April 2020  until...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/14/tt.jpg?itok=0RbWQvQ0
TRAI’s Arvind Kumar prescribes broadband medicine for MSOs & LCOs

Digital is it. Across the country, and age groups, Indians are getting online, and consuming more high speed broadband data than ever before, whether it is for entertainment, education, commerce or banking.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/13/arnab800x800.jpg?itok=q6_TWq17
Arnab Goswami on counteroffensive after Sena ban threat; implores viewers

Mumbai: Arnab Goswami is fighting back. Like he probably has never done before. Yesterday, he reached out Republic TV and Republic Bharat viewers imploring them to not allow the Shv Cable Sena’s order to cable TV operators to stop  carrying both the channels on their networks.

Cable TV People

Sign up for our Newsletter

subscribe for latest stories

* indicates required