Technology

Digitisation: Hathway needs Rs 3 bn in 2nd phase; no plans to dilute equity

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/01/28/hathway.jpg?itok=auSxkUKz

MUMBAI: Hathway Cable & Datacom plans to invest Rs 3 billion for the second phase of digitisation as it details a requirement of around 3.5 million set-top boxes (STBs) to place in consumer homes across the cities where its cable TV service is available.

Hathway will not need to raise equity financing and will fund the second phase through a mix of debt and vendor financing.

“We are under no pressure to raise equity financing and have adequate headroom for getting additional debt. We also have vendor financing facilities. Of the total investments that we make, 70 per cent will be through vendor financing,” Hathway Cable & Datacom managing director and CEO K Jayaraman tells Indiantelevision.com.

Hathway’s net debt stands at Rs 4.60 billion, including Rs 1 billion of vendor credit.

The multi-system operator (MSO) has already seeded 1.5 million STBs in the 22 cities that fall under the next round of digitisation. The government has mandated 31 March 2013 as the deadline for digitisation in 38 cities, but industry experts feel an extension would be granted for a limited period.

“Our preliminary estimate is that we would have a demand for five million STBs. We have already deployed 1.5 million boxes,” says Jayaraman.
Hathway expects to deploy 2.5 million STBS in the first phase of digitisation where it operates in three of the four metros. While in Mumbai and Delhi it operates directly, in Kolkata it has a presence through its joint venture company Gujarat Telelinks Pvt Ltd (GTPL). GTPL, in which Hathway has 50 per cent stake, acquired majority stake in Kolkata Cable and Broadband Pariseva.

“We have already seeded 1.7 million STBs in the three metros. We have set an internal target of 2-2.5 million boxes as we see a rising demand,” elaborates Jayaraman.

Hathway spent Rs 1.20 billon on capital expenditure in the first half of this fiscal. For the three-month period ended 30 September, Hathway narrowed its net loss to Rs 17.84 million against Rs 158.71 in the trailing quarter. Revenue fell three per cent to 1.32 billion from Rs 1.36 billion in the first quarter.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/06/28/ccnp-security.jpg?itok=R6PL1KdB
350-701 Cisco Exam All You Need to Pass - DumpsOut

DumpsOut tires engaging its clients with the most reasonable products level best. They are never a weight on your financial plan. The costs are undeniably not exactly the merchant instructional exercises, web based training and study material. With their lower value, the benefit of DumpsOut 350-701...

Technology Software Applications
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/03/01/project.jpg?itok=R1rcW_w9
The Necessity of Project Management

Project In Controlled Environments or PRINCE2 is a method of project management that helps in dividing larger projects into smaller sizes to make the stages more controllable and easier to manage. One can learn this method of project management through a PRINCE2 foundation and practitioner course....

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/28/qr.jpg?itok=ogJI_EVn
How can QR codes for the construction industry modernize their construction operations today?

Are you considering how you can make your equipment user-friendly and safe? Is it necessary for the construction business to use QR codes? Everything is now easy as a snap thanks to technology.  To make transactions easier, many businesses and venues are already employing QR codes. A QR code can...

Technology Software Middleware
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/31/photogrid_plus_1622458057586.jpg?itok=ESKIreFU
PallyCon adds App Security to its digital arsenal

New Delhi: PallyCon, a global leader in Multi DRM, forensic watermarking services, and anti-piracy technology on Monday launched its state-of-the-art app security service. A simple plug-n-play solution, it is dedicated to helping content developers and publishers protect their content from...

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/25/photogrid_plus_1621929238771.jpg?itok=i32RmUqA
Mobile World Congress to go ahead in June as planned

New Delhi: Spanish authorities have given the green signal to conduct this year's Mobile World Congress (MWC) as per plans in Barcelona from 28 June to 01 July. The decision was made after the authorities reviewed the health and safety plans put forward by the organizers for the upcoming event. 

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/22/sb.jpg?itok=85pJ0ISw
Streambox-US Video technology pioneer to enter India

Streambox, the industry leading pioneer in delivering unique IP based video streaming solutions over low bandwidth connections, has announced the opening of a new sales office in Mumbai to address the vibrant post-production markets in India and southeast Asia.

Technology Hardware Set-top Boxes
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/15/harmonic.jpg?itok=ltNxb8OJ
Mowies optimises its workflow with Harmonic's VOS Cloud Streaming SaaS

MUMBAI: LATAM-based on-demand media platform Mowies, which has a unique revenue model for creators of feature films, documentaries, TV series, theatrical performances, concerts, and other original content, has decided to optimise its workflow with Harmonic's VOS 360 cloud streaming offering.  The...

Technology Software Applications
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/07/img_07042021_143142_800_x_800_pixel.jpg?itok=cCuD6Blo
Disney+ Hotstar signs CLEAR Production Cloud to manage its Originals content

Mumbai: Video streaming platform Disney+ Hotstar has signed a multi-year deal for CLEAR Production Cloud, from Prime Focus Technologies, to enable secure and collaborative production workflows for its Originals content.                   

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/03/25/img_25032021_144435_800_x_800_pixel.jpg?itok=zN2D9vK1
Broadpeak performs world's first demonstration of Streaming Video Alliance open caching APIs

New Delhi: CDN and video streaming solutions firm Broadpeak has successfully performed the world's first live demonstration of Streaming Video Alliance Open Caching APIs.

Technology Hardware Components