Television

HTMT acquires Source One Communications USA

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/01/23/HTMT.jpg?itok=THQ-eYnK

MUMBAI: Hinduja TMT (HTMT) has signed an agreement with Georgeson Shareholder Communications, Inc. to acquire 100 per cent of Source One Communications Inc.USA (SOC) in an all-cash deal of approximately US$ 8.5 million, funded entirely through internal accruals.



SOC has operations in New Jersey (USA), Toronto (Canada) and Manila (Philippines) through a subsidiary called Source One Communications Asia (SOCA).



SOCA is a joint venture company set up in 2001 between SOC (57.5 per cent ownership) and Customer Contact Center Inc. (c3), Manila (42.5 per cent ownership). It may be recalled that HTMT recently acquired controlling interest in c3, which has independent revenue of USD 6.8 Million and for which HTMT paid USD 3.9 million. With the acquisition of SOC and its current shareholding in SOCA, HTMT has consolidated its ownership of SOCA, informs an official release.



SOC had consolidated revenue of USD 15.87 million in its fiscal year ended 30 June 2004. It currently operates a total of 500 call center seats in USA, Canada and the Philippines, which is growing today. Source One has on-shore, near-shore and off-shore call center facilities at USA, Canada and Philippines. It has multi lingual capabilities of French & Spanish besides English. The company has marketing and client management teams located in New Jersey, adds the release.



Together with c3, the total number of seats in Manila amount to over 1000. The total number of clients served by SOC, SOCA and c3 are 22. These clients include multinationals and Fortune 500 companies in different verticals like pharmaceutical products, consumer electronics and household products, financial services, energy and utilities.



Commenting on the SOC acquisition, HTMT COO K observed: "Source One is an excellent strategic fit to our past acquisition of c3. The current acquisition is a definitive step in the evolution of HTMT into a global ITES company. Cross selling BPO, call center services with multi lingual capabilities, and IT in diversified verticals across different geographical locations now provides HTMT a competitive edge against its peers leading to potential scaling and higher profitability. We believe that the scaling up of both SOCA and c3 operations based on excellent customer response to the quality and competitiveness delivered, is likely to considerably improve the topline and bottomline of the entities."

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/timesnow.jpg?itok=Th_5w3HP
TIMES NOW unveils exclusive programming line up for 71st Republic Day

MUMBAI: Commemorating the 71st Republic Day of India, TIMES NOW, India’s leading English news channel unveils an exciting programming line-up of thought-provoking shows. Shedding light on the unspoken, untold and unseen stories, TIMES NOW brings to its viewers three curated shows, Dispatches from...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/news18.jpg?itok=i_1Np2g4
Network18 to relaunch News18 UP with new packaging

MUMBAI: It’s going in for a refresh. Network18 is all geared up to relaunch its regional Hindi news channel News18 Uttar Pradesh/Uttarakhand come 25 January. Viewers can expect a spanking new layout, with refreshing designs and colour. According to a top source from Network18, the new version of...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/masterchef.jpg?itok=vwpLaNKX
Star Plus & Endemol Shine India celebrate Republic Day on Masterchef India

MUMBAI: To celebrate the diverse flavours of India along with its huge, rich and valuable heritage on ‘Republic Day’, Star Plus and Endemol Shine India came up with an impressive concept of challenging the contestants to put up a 15-feet long majestic thali with exactly 100 dishes. The 15th episode...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/sonyyay.jpg?itok=Ybwh3wK8
Sony YAY! announces special Republic Day line-up of Honey Bunny movies

MUMBAI: Every year, Indian families gather around their television sets to witness the annual Republic Day celebrations. And to double the entertainment quotient for children this time, Sony YAY!, kid’s favourite entertainment channel announces “Housefull Sundays”, with a specially curated movie...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/jeeppp.jpg?itok=06FKjjVk
Jeep India & Publicis Media launch show 'Jeep Bollywood Trails'

MUMBAI: Jeep India & Publicis Media in a partnership today announced the launch of a television show Jeep Bollywood Trails, which will be aired on AXN, Max HD and will stream on Sony Liv starting 25 January 2020. Jeep Bollywood Trails is a travelogue, redefining India through Bollywood lens...

Television TV Channels Specialised and Niche
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/sonysab.jpg?itok=0Jr6CnQK
Fans to witness an action-packed week as Baalveer and Aladdin come together to fight evil

From January 27 – 31, fans will witness an electrifying battle between good and evil as superheroes Baalveer and Aladdin come together to end the dominance of two of the fiercest villains Zafar and Timnasa. Siddharth Nigam (Aladdin) and Dev Joshi (Baalveer) who are currently shooting together on...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/ravish.jpg?itok=Nil6omvh
'Kodeeswari' doubled primetime slot viewership: Viacom18's Ravish Kumar

The Tamil adaptation of Kaun Banega Crorepati saw an interesting tweak - all the participants and the host are women. Launched on 23 December 2019, Kodeeswari brought out and continues to bring heart-wrenching stories of women contestant and aims to encourage and motivate them to fulfil their...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/SHRIDHAR-SUBRAMANIAM.jpg?itok=dzqi3jSU
Shridhar Subramaniam to move to Sony Music NY corp HQ

We all know of him as this affable but tough music exec based out of India. And his has been a familiar face for Sony Music Entertainment (SME)  in India and west Asia. Now Shridhar Subramaniam’s good work in tackling the tough Indian market is being rewarded.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/24/suntv.jpg?itok=SfvBRiLP
Sun TV regains most watched channel across genres top spot

The Sun TV Network’s flagship Tamil GEC Sun TV was ranked first in Broadcast Audience Research Council of India (BARC) weekly list of Top 10 Channels Across Genres on All Platforms in week 2 of 2020 (Saturday, 11 January 2020 to Friday, 17January 2020, week or period under consideration).

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories