Cable TV

×

Hinduja Ventures Ltd announces reorganisation of its media & communications business

https://www.indiantelevision.in/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/08/13/hinduja_0.jpg?itok=QDUwqBPq

MUMBAI: The Board of Directors of Hinduja Ventures Limited ("HVL") at its meeting held today have accorded In-Principle  approval  for reorganization of Media and  Communications  undertaking of Induslnd Media & Communications Limited ("IMCL"), into HVL subject to all statutory/ regulatory approvals and approval of the shareholders.

The media  business  of IMCL consists  of digital content  distribution business carried  out through multiple platforms including satellite and fibre and also the Broadband business carried out through its subsidiary.

IMCL - A handsome turnaround

IMCL, the only integrated digital platform operator ("DPO") in the country, with delivery via digital cable, satellite ("HITS" or Headend-ln-The-Sky)  and fibre; has seen a handsome turnaround in the quarter due to the successful implementation of the New Tariff Order by the Company from February
2019  till date  and  holds very good  promise  for improved  operating results  going forward. The
Company also benefitted  from successfully converting its customer  base to a fully prepaid  model.

"IMCL has posted a positive Operating profit and positive Profit after tax for the first quarter of the current year. We expect this positive trend to continue, buoyed by cutting-edge technology that will spawn  a series  of innovative  products and solutions,  a robust  inclusive  model with all our cable operator partners and a customer-centric approach"says Vynsley Fernandes, Chief Executive Officer, IMCL.

The successful implementation of the New Tariff Order by IMCL; while simultaneously ensuring that there is least disruption to customer  service has been very well recognized  by the industry and all stakeholders. In appreciation of this, IMCL has won two prestigious awards at the Annual BCS Ratna Awards- "Best  NTO implementation by a DPO" and "Best  LCO and  Consumer management services."

Highlights of IMCL:

IMCL has many firsts to its credit. Some of these are listed below:

•    Only MSOJDigital Platform Operator  (DPO) to operate in all the states and union territories of the country.
•    HITS satellite services connected  to 1,500+ physical points-of-presence in India - covering
2,000+  pin codes across the country.
•    Only DPO to have a dual digital delivery  platform - Digital caple through  fibre and  HITS
through satellite.
•    First DPO to introduce the prepaid collecQon model- 99.5%  of the customer base on prepaid
•    The Company has:
o     Introduced multiple types of Set Top Boxes (STBs) ranging from low-cost Standard Definition (SD) STBs to Hybrid High Definition (HD) STBs, that allow conversion of any TV set into a "Smart" TV.
o     Introduced VAS services channels - branded "NXT Services" across multiple genres and for all age groups - a bouquet which is very popular among consumers
o     Became the provider  of most  number  of channels  across  DPOs - offering 730+ TV
channels in key cities and 700+ TV channels via satellite on the HITS platform.
o     Introduced the "Managed Services" Model whereby small MSOs and LCOs are able to operate profitably  by using the infrastructure of IMCL on an opex model. IMCL has already signed up half a million subscribers on this model -only DPO providing this service as of now
o     Successfully transitioned to the New Tariff order
o     Is the DPO with the highest number  of packages for customers to choose from in the NTO regime - 800+ packages; including specially curated  packages in 11languages.

This reorganization is in line with the growth  plans of IMCL - as a leading player in the digital space;
and is expected to be value accretive to all stakeholders.

Latest Reads

https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/08/09/tc.jpg?itok=N_npu6wk
Tamil Nadu CM drops minister from cabinet due to cable TV tariff spat

While Tamil Nadu’s state-run cable operator Arasu Cable revised down its subscription rates recently, the move has led to a political crisis in the state. Chief Minister Edappadi K Palaniswami has dropped former IT minister Dr Manikandan from his cabinet.

Cable TV Local Cable Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/08/06/gtpl_0.jpg?itok=KbsdMxd-
GTPL Hathway acquires SCOD18 Networking to expand footprint in Maharashtra

MUMBAI: Cable TV and broadband service provider GTPL Hathway has acquired 100 per cent shares of SCOD18 Networking Pvt Ltd on Monday. The company informed the exchanges about the acquisition in a filing on Tuesday. While the company has a strong presence in Gujarat, the acquisition has been done...

Cable TV Local Cable Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/08/02/cable.jpg?itok=7zddv7Td
Arasu Cable revises subscription rates

Tamil Nadu’s state-run cable operator Arasu Cable has revised down its subscription rates, with effect from 10 August. Under the new subscription rate, package of 190 channels will be available for Rs 154.

Cable TV Local Cable Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/07/16/hathway.jpg?itok=wOKcyHcx
Cable TV subscription drives Hathway revenue growth in Q1 FY 2020

BENAGLURU: Hathway Cable and Datacom Ltd (Hathway) reported 38 percent growth in subscription revenue from its cable TV business (CATV) for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter (y-o-y) Q1 2019. CATV subscription...

Cable TV Local Cable Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/07/12/gtpl.jpg?itok=eEN4V-E3
GTPL cable TV business pushes revenue, profits up in Q1 2020

GTPL Hathway Ltd (GTPL) reported 31.9 percent growth in revenue for the quarter ended 30 June 2019 (Q1-2020, quarter or period under review) and almost three times the operating profit for its cable TV business (CATV business) as compared to the corresponding year ago quarter Q1 2019.

Cable TV Local Cable Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/07/12/Arasu-TV.jpg?itok=OpLXeqkI
Arasu Cable plans to launch an OTT service

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...

Cable TV Multi System Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/07/12/gtpl_0.jpg?itok=Y2h10i8o
GTPL Hathway consolidated Q1 FY20 PAT at Rs 294 mn, up 121 per cent y-o-y

GTPL Hathway Ltd (GTPL), India’s leading digital cable TV and broadband service provider, today announced the financial results for the first quarter of financial year 2019–20, as approved by its board of directors.

Cable TV Local Cable Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/05/10/IMCL_0.jpg?itok=fUWYoaSe
IndusInd Media reports improved results for fiscal 2019, to be PAT positive in FY 2020

BENGALURU: Hinduja Ventures Ltd (HVL) reported higher revenue from operation and lower losses for its digital platform operator subsidy and media and entertainment segment IndusInd Media & Communications Ltd (IndusInd Media, IMCL) for the year ended 31 March 2019 (FY 2019, year under review) as...

Cable TV Multi System Operators
https://www.indiantelevision.in/sites/default/files/styles/340x340/public/images/tv-images/2019/05/06/GTPL.jpg?itok=5HVyHUYG
GTPL Hathway eyes 20-25% growth in broadband subscribers in FY20

Cable TV service providers are envisioning a future where broadband plays a major role and GTPL Hathway is also one of them. After a mild setback received from the new TRAI tariff order (NTO) implementation, the company is back on track to focus on the broadband sector in FY20.

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories