Category: Multi System Operators

  • After Pillai, Akhil Rampal quits Hathway

    After Pillai, Akhil Rampal quits Hathway

    MUMBAI: A sequence of significant movements are taking place at Hathway Cable & Datacom Ltd. Akhil Rampal, general manager- marketing and communications, has resigned.

    Rampal was leading marketing & communications for Hathway including its HD business on a pan-India level. He also led the launch of four new Hathway channels in the music and movies genre- DJAY, Home Theatre, Lamhe and Marathi Talkies including conceptualisation, brand architecture, channel identity, design and packaging and also further, led the brand revamp of the entire channel bouquet of Hathway.

    Rampal joined Hathway in February 2015. Prior to joining Hathway, he worked with ESPN and then with Star India as senior manager- sports marketing for seven years apart from his earlier marketing roles in multiple sectors.

    On 25 November, Hathway accepted the resignation of MD and CEO Jagdish Kumar Pillai. Pillai had taken over as the MD & CEO of Hathway in December 2012, and led the company’s growth through the digitisation phase establishing its position as one of the leading digital cable TV and broadband service providers in the country. Hathway had announced Rajan Gupta as its new managing director.

    Earlier, Hathway elevated Rajaraman. S as the COO of the video business. Rajaraman was the senior VP of business operations, and played an important role in streamlining the business operations of the company including the Phase-III expansion.

  • After Pillai, Akhil Rampal quits Hathway

    After Pillai, Akhil Rampal quits Hathway

    MUMBAI: A sequence of significant movements are taking place at Hathway Cable & Datacom Ltd. Akhil Rampal, general manager- marketing and communications, has resigned.

    Rampal was leading marketing & communications for Hathway including its HD business on a pan-India level. He also led the launch of four new Hathway channels in the music and movies genre- DJAY, Home Theatre, Lamhe and Marathi Talkies including conceptualisation, brand architecture, channel identity, design and packaging and also further, led the brand revamp of the entire channel bouquet of Hathway.

    Rampal joined Hathway in February 2015. Prior to joining Hathway, he worked with ESPN and then with Star India as senior manager- sports marketing for seven years apart from his earlier marketing roles in multiple sectors.

    On 25 November, Hathway accepted the resignation of MD and CEO Jagdish Kumar Pillai. Pillai had taken over as the MD & CEO of Hathway in December 2012, and led the company’s growth through the digitisation phase establishing its position as one of the leading digital cable TV and broadband service providers in the country. Hathway had announced Rajan Gupta as its new managing director.

    Earlier, Hathway elevated Rajaraman. S as the COO of the video business. Rajaraman was the senior VP of business operations, and played an important role in streamlining the business operations of the company including the Phase-III expansion.

  • ‘Vardah’: Cables uprooted; antennae warped: Chennai MSO, DTH most affected

    ‘Vardah’: Cables uprooted; antennae warped: Chennai MSO, DTH most affected

    MUMBAI: It seemed that the month of December was not so favourable for the Indian state Tamil Nadu. We can recall that, last year, Tamil Nadu was badly affected by floods which caused damages to the tune of around Rs 9000 crore and hundreds of deaths. The more recent catastrophe is the cyclone Vardah, an intense storm to have hit the state again, which left at least 12 dead in TN and Andhra Pradesh.

    According to news reports, the severe cyclonic storm affected electricity, communication lines and put rail, road and air traffic in disarray as it crossed the coast, pounding Tiruvallur, Chennai, and Kanchipuram with heavy rain and squall.

    Also Tamil Nadu, being a broadcasting hub was badly affected by the calamity. Not only the broadcast industry but the MSOs, LCOs and DTH players too were terribly hit by the cyclone.

    Speaking to Indiantelevision.com, Raj TV vice-president programming and production vice-president Amit Bose said, “No one could do much to ease the situation because of power failure and heavy roadblocks due to uprooting of trees throughout the city. Internet and phones were out of system, and hence communication and mobility were affected.

    Bose added, “Productions were disrupted and TV viewing was not possible for the people of Chennai. DTH and cable connections were thrown out of gear and even for the people who had inverters and cable homes deserted on a powerless mode. Power backups could not sustain for a long time. This calamity might have affected Chennai’s viewership more than rest of the markets. On the whole, I apprehend the broadcasters, MSOs and viewers suffered the most.”

    Polimer TV creative consultant Mathivannan Raju said, “Failure of power is the major issue right now. Also, the antennae of houses with a DTH connection have been destroyed, and there is no way to watch television. The issue is on the path to rectification.”

    Raju added, “Of course, viewership will be affected due to the unfortunate event, which will eventually affect revenue as well but it is something beyond control. As this wasn’t our strategic plan, I am unsure how its actual impact on revenues. But, the MSOs and DTH industry has been majorly affected.”

    Commenting on the cable industry, Raju said, “At present, cables used for delivering television content have been washed away in Chennai. Almost 99 per cent cables switched off. To recover the lost ground, we need to establish the complete network again. Most of the dish antennae that MSOs had installed have been dislocated, and we need to reinstall them.” “Moreover, on the LCOs front, cables from their office to the consumer’s houses/offices have been eroded. Most of the fibre cable severed into pieces; a new network of cables will now be required,” Raju lamented.

    On the MSOs front, Chennai Metro Cable Operators Association general secretary MR Srinivasan said that there was a short supply of fibre cable and other equipment; that’s another problem that the cable industry was facing. In next 10-12 days, the association believes, everything will come to normal.”

    As there was negligible electricity in the state, Srinivasan said, it was difficult to check whether DTH antennae were working properly.

    From 15 December, the electricity will hopefully be reinstated; and only then people will come to know about the actual conditions vis-a-vis entertainment. With 120 km of wind speed, the antenna might have dislocated from their places, they need to be realigned.

    On the DTH front, Tata Sky CEO Harit Nagpal said that the cyclone had not affected the DTH industry in any way. The dish antennae at the residences of some subscribers might have tilted because of the strong winds, and this might have had temporarily affected reception, but this was set right by the subscribers themselves, and so there were no complaints of any disruption.

    Another MSO from Chennai informed that it would take another week for the cable industry to get to normal functioning in Chennai and other parts of the state. The state and local government will step in to clear fallen trees and restore wires.

  • ‘Vardah’: Cables uprooted; antennae warped: Chennai MSO, DTH most affected

    ‘Vardah’: Cables uprooted; antennae warped: Chennai MSO, DTH most affected

    MUMBAI: It seemed that the month of December was not so favourable for the Indian state Tamil Nadu. We can recall that, last year, Tamil Nadu was badly affected by floods which caused damages to the tune of around Rs 9000 crore and hundreds of deaths. The more recent catastrophe is the cyclone Vardah, an intense storm to have hit the state again, which left at least 12 dead in TN and Andhra Pradesh.

    According to news reports, the severe cyclonic storm affected electricity, communication lines and put rail, road and air traffic in disarray as it crossed the coast, pounding Tiruvallur, Chennai, and Kanchipuram with heavy rain and squall.

    Also Tamil Nadu, being a broadcasting hub was badly affected by the calamity. Not only the broadcast industry but the MSOs, LCOs and DTH players too were terribly hit by the cyclone.

    Speaking to Indiantelevision.com, Raj TV vice-president programming and production vice-president Amit Bose said, “No one could do much to ease the situation because of power failure and heavy roadblocks due to uprooting of trees throughout the city. Internet and phones were out of system, and hence communication and mobility were affected.

    Bose added, “Productions were disrupted and TV viewing was not possible for the people of Chennai. DTH and cable connections were thrown out of gear and even for the people who had inverters and cable homes deserted on a powerless mode. Power backups could not sustain for a long time. This calamity might have affected Chennai’s viewership more than rest of the markets. On the whole, I apprehend the broadcasters, MSOs and viewers suffered the most.”

    Polimer TV creative consultant Mathivannan Raju said, “Failure of power is the major issue right now. Also, the antennae of houses with a DTH connection have been destroyed, and there is no way to watch television. The issue is on the path to rectification.”

    Raju added, “Of course, viewership will be affected due to the unfortunate event, which will eventually affect revenue as well but it is something beyond control. As this wasn’t our strategic plan, I am unsure how its actual impact on revenues. But, the MSOs and DTH industry has been majorly affected.”

    Commenting on the cable industry, Raju said, “At present, cables used for delivering television content have been washed away in Chennai. Almost 99 per cent cables switched off. To recover the lost ground, we need to establish the complete network again. Most of the dish antennae that MSOs had installed have been dislocated, and we need to reinstall them.” “Moreover, on the LCOs front, cables from their office to the consumer’s houses/offices have been eroded. Most of the fibre cable severed into pieces; a new network of cables will now be required,” Raju lamented.

    On the MSOs front, Chennai Metro Cable Operators Association general secretary MR Srinivasan said that there was a short supply of fibre cable and other equipment; that’s another problem that the cable industry was facing. In next 10-12 days, the association believes, everything will come to normal.”

    As there was negligible electricity in the state, Srinivasan said, it was difficult to check whether DTH antennae were working properly.

    From 15 December, the electricity will hopefully be reinstated; and only then people will come to know about the actual conditions vis-a-vis entertainment. With 120 km of wind speed, the antenna might have dislocated from their places, they need to be realigned.

    On the DTH front, Tata Sky CEO Harit Nagpal said that the cyclone had not affected the DTH industry in any way. The dish antennae at the residences of some subscribers might have tilted because of the strong winds, and this might have had temporarily affected reception, but this was set right by the subscribers themselves, and so there were no complaints of any disruption.

    Another MSO from Chennai informed that it would take another week for the cable industry to get to normal functioning in Chennai and other parts of the state. The state and local government will step in to clear fallen trees and restore wires.

  • Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    BENGALURU: Indian multi system operator (MSO) Den Networks Ltd (Den) Cable business segment consolidated total revenue (pre-activation) increased 18 percent in in the quarter ended 30 September 2016 (Q2-17, current quarter) to Rs 258 crore from Rs231 crore in Q2-16. The company reported consolidated EBIDTA of Rs 34 crore in Q2-17 as compared to Rs 1 crore in the corresponding year ago quarter.

    Consolidated net loss in Q2-17 more than halved to Rs 48 crore as compared to a loss of Rs 99 crore in Q2-16.

    Twomain segments currently contribute to Den’s revenue: Cable distribution network segment (Cable, Cable business) and Broadband internet segment (Boomband). It has two other segments – TV Commerce and soccer. Den says that its OTT platform is undergoing tests and will be launched soon. The company says further that it has divested another 25 percent of its soccer business.

    Cable segment

    Cable subscription revenue increased 31 percent y-o-y to Rs140 crore in Q2-17 from Rs115 crore in Q2-16. Cable activation revenue increased 17 percent y-o-y to Rs 32 crore from Rs 27 crore. Placement revenue declined 13 percent y-o-y to Rs86 crore from Rs98 crore.

    The company reported 101 lakh DAS subscribers, of which 51 lakh were from DAS phases III and IV for Q2-17. The company had 76 lakh digital subscribers in Q2-16.Den has a cable subscriber base of 1.3 crore.

    Broadband segment

    Den’s Broadband segment revenue more than doubled (2.6 times) in Q2-17 to Rs 21 crore from Rs 8 crore in Q2-16. Please refer to the figure below for Den’s revenue break-up for Q2-17 and Q2-16.

    The company says that it has added about 25,000 subscribers in the current quarter, hence bringing its broadband internet subscriber base to 140,000.

    Broadband segment’s operating loss (EBIDTA) in Q2-17 was lower at Rs 2 crore as compared to an operating loss of Rs 11 crore in Q2-16 and an operating loss of Rs 9 crore in the immediate trailing quarter.

    public://DEN.jpg

    Other numbers for Q2-17

    Den’s consolidated total expenditure in the current quarter declined 4 percent to Rs 244 crore from Rs 256 crore in Q2-16.

    Content costs are a major component of Den’s expenditure- Content costs in the current quarter declined 8 percent in the current quarter to Rs 118 crore from Rs 128 crore in the corresponding year ago quarter.

    Employee(Personnel) costs increased2 percent in the current quarter to Rs33 crore from Rs 34 crore in Q2-16. Other operating expenses in Q2-17 declined4 percent to Rs 84 crore from Rs88 crore.

    Note: (1.1) The above report is based on Den’s investor presentation for Q2-17.
    (1.2) All numbers mentioned are consolidated unless stated otherwise.
    (1.3)    The figures mentioned above have been rounded off and based on the numbers presented by Den in the public domain.
    (2) The numbers in this paper are as per Indian Accounting System. (Ind AS)
    (3) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    Den Networks consolidated numbers grow in Q2-17; tests OTT platform

    BENGALURU: Indian multi system operator (MSO) Den Networks Ltd (Den) Cable business segment consolidated total revenue (pre-activation) increased 18 percent in in the quarter ended 30 September 2016 (Q2-17, current quarter) to Rs 258 crore from Rs231 crore in Q2-16. The company reported consolidated EBIDTA of Rs 34 crore in Q2-17 as compared to Rs 1 crore in the corresponding year ago quarter.

    Consolidated net loss in Q2-17 more than halved to Rs 48 crore as compared to a loss of Rs 99 crore in Q2-16.

    Twomain segments currently contribute to Den’s revenue: Cable distribution network segment (Cable, Cable business) and Broadband internet segment (Boomband). It has two other segments – TV Commerce and soccer. Den says that its OTT platform is undergoing tests and will be launched soon. The company says further that it has divested another 25 percent of its soccer business.

    Cable segment

    Cable subscription revenue increased 31 percent y-o-y to Rs140 crore in Q2-17 from Rs115 crore in Q2-16. Cable activation revenue increased 17 percent y-o-y to Rs 32 crore from Rs 27 crore. Placement revenue declined 13 percent y-o-y to Rs86 crore from Rs98 crore.

    The company reported 101 lakh DAS subscribers, of which 51 lakh were from DAS phases III and IV for Q2-17. The company had 76 lakh digital subscribers in Q2-16.Den has a cable subscriber base of 1.3 crore.

    Broadband segment

    Den’s Broadband segment revenue more than doubled (2.6 times) in Q2-17 to Rs 21 crore from Rs 8 crore in Q2-16. Please refer to the figure below for Den’s revenue break-up for Q2-17 and Q2-16.

    The company says that it has added about 25,000 subscribers in the current quarter, hence bringing its broadband internet subscriber base to 140,000.

    Broadband segment’s operating loss (EBIDTA) in Q2-17 was lower at Rs 2 crore as compared to an operating loss of Rs 11 crore in Q2-16 and an operating loss of Rs 9 crore in the immediate trailing quarter.

    public://DEN.jpg

    Other numbers for Q2-17

    Den’s consolidated total expenditure in the current quarter declined 4 percent to Rs 244 crore from Rs 256 crore in Q2-16.

    Content costs are a major component of Den’s expenditure- Content costs in the current quarter declined 8 percent in the current quarter to Rs 118 crore from Rs 128 crore in the corresponding year ago quarter.

    Employee(Personnel) costs increased2 percent in the current quarter to Rs33 crore from Rs 34 crore in Q2-16. Other operating expenses in Q2-17 declined4 percent to Rs 84 crore from Rs88 crore.

    Note: (1.1) The above report is based on Den’s investor presentation for Q2-17.
    (1.2) All numbers mentioned are consolidated unless stated otherwise.
    (1.3)    The figures mentioned above have been rounded off and based on the numbers presented by Den in the public domain.
    (2) The numbers in this paper are as per Indian Accounting System. (Ind AS)
    (3) The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q2-17: Den Networks reports higher revenue, operating profits

    Q2-17: Den Networks reports higher revenue, operating profits

    BENGALURU: Multiple-systems operator Den Networks Limited (Den) reported 26.7 percent increase in Total Income from operations (TIO) for the quarter ended September 30, 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16). The company also reported a consolidated operating profit (EBIDTA) of Rs 28.75 crore (10.6 percent margin) in the current quarter as opposed to an operating loss (negative EBIDTA) of Rs 39.80 crore. Den’s TIO for the current quarter was Rs 272.44 crore as compared to Rs 214.99 crore. EBIDTA including other income was Rs 36.24 crore (13.3 percent margin of IO) in Q2-17 as opposed to an operating loss (including other income) of Rs 27.14 crore in Q2-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 47.87 crore in Q2-17 as compared to a loss of Rs 83.11 crore in Q2-16. Total Comprehensive Income (TCI) improved to a negative Rs 48.43 crore in Q2-17 as compared a negative Rs 97.66 crore in Q2-16.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now, but is an expense head and had reported an operating loss of Rs 8.57 crore for Q2-16. The segment has neither income nor result for the current quarter,

    Cable segment reported 21.7 percent growth in operating revenue in Q2-17 at Rs 251.74 crore as compared to Rs 206.84 crore in Q2-16. The segment’s operating loss in the current quarter improved to Rs 31.22 crore as compared to higher operating loss of Rs 54.88 core in Q2-16.

    Broadband segment standalone revenue more than doubled (over 2.6 times) in the current quarter to Rs 20.70 crore as compared to Rs 8.05 crore in Q2-16. The segment reported lower standalone operating loss in Q2-17 of Rs 8 crore as compared to an operating loss of Rs 23.23 crore in the corresponding year ago quarter.

    The company’s soccer segment reported a net loss of Rs

    Let us look at the other numbers reported by Den

    Total Expenditure in the current quarter was 3.3 percent higher at Rs 311.66 crore (114.4 percent of TIO) as compared Rs 301.67 crore (140.3 percent of TIO) in Q2-16. As percentage of TIO, Total expenditure in the current quarter was lower as compared to Q2-16.

    A major cost head for Den is Content Costs which reduced by 7.7 percent to Rs 118.25 crore (43.4 percent of TIO) in Q2-17 from Rs 128.13 crore (59.6 percent of TIO).

    Other Expenses reduced 8 percent in the current quarter to Rs 78.62 crore (28.9 percent of TIO) as compared to Rs 85.46 crore (39.8 percent of TIO) in Q2-16.

    Placement fees more than doubled (increased 59.2 percent) in the current quarter to Rs 13.8 crore (5.1 percent of TIO) as compared to Rs 8.67 crore (4 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q2-17 declined 1.5 percent to Rs 33.02 crore (12.1 percent of TIO) as compared to Rs 32.53 crore (15.1 percent of TIO) in Q2-16.

    Finance costs in the current quarter declined 36.2 percent to Rs 12.92 crore (4.7 percent of TIO) as compared to Rs 20.25 crore (9.4 percent of TIO) in Q2-16.

    Other Income in Q2-17 was less than half (declined 58.5 percent) to Rs 7.49 crore as compared to Rs 18.06 crore in Q2-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Q2-17: Den Networks reports higher revenue, operating profits

    Q2-17: Den Networks reports higher revenue, operating profits

    BENGALURU: Multiple-systems operator Den Networks Limited (Den) reported 26.7 percent increase in Total Income from operations (TIO) for the quarter ended September 30, 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16). The company also reported a consolidated operating profit (EBIDTA) of Rs 28.75 crore (10.6 percent margin) in the current quarter as opposed to an operating loss (negative EBIDTA) of Rs 39.80 crore. Den’s TIO for the current quarter was Rs 272.44 crore as compared to Rs 214.99 crore. EBIDTA including other income was Rs 36.24 crore (13.3 percent margin of IO) in Q2-17 as opposed to an operating loss (including other income) of Rs 27.14 crore in Q2-16.

    Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 47.87 crore in Q2-17 as compared to a loss of Rs 83.11 crore in Q2-16. Total Comprehensive Income (TCI) improved to a negative Rs 48.43 crore in Q2-17 as compared a negative Rs 97.66 crore in Q2-16.

    Segment numbers

    The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now, but is an expense head and had reported an operating loss of Rs 8.57 crore for Q2-16. The segment has neither income nor result for the current quarter,

    Cable segment reported 21.7 percent growth in operating revenue in Q2-17 at Rs 251.74 crore as compared to Rs 206.84 crore in Q2-16. The segment’s operating loss in the current quarter improved to Rs 31.22 crore as compared to higher operating loss of Rs 54.88 core in Q2-16.

    Broadband segment standalone revenue more than doubled (over 2.6 times) in the current quarter to Rs 20.70 crore as compared to Rs 8.05 crore in Q2-16. The segment reported lower standalone operating loss in Q2-17 of Rs 8 crore as compared to an operating loss of Rs 23.23 crore in the corresponding year ago quarter.

    The company’s soccer segment reported a net loss of Rs

    Let us look at the other numbers reported by Den

    Total Expenditure in the current quarter was 3.3 percent higher at Rs 311.66 crore (114.4 percent of TIO) as compared Rs 301.67 crore (140.3 percent of TIO) in Q2-16. As percentage of TIO, Total expenditure in the current quarter was lower as compared to Q2-16.

    A major cost head for Den is Content Costs which reduced by 7.7 percent to Rs 118.25 crore (43.4 percent of TIO) in Q2-17 from Rs 128.13 crore (59.6 percent of TIO).

    Other Expenses reduced 8 percent in the current quarter to Rs 78.62 crore (28.9 percent of TIO) as compared to Rs 85.46 crore (39.8 percent of TIO) in Q2-16.

    Placement fees more than doubled (increased 59.2 percent) in the current quarter to Rs 13.8 crore (5.1 percent of TIO) as compared to Rs 8.67 crore (4 percent of TIO) in the corresponding year ago quarter.

    Employee benefits expense in Q2-17 declined 1.5 percent to Rs 33.02 crore (12.1 percent of TIO) as compared to Rs 32.53 crore (15.1 percent of TIO) in Q2-16.

    Finance costs in the current quarter declined 36.2 percent to Rs 12.92 crore (4.7 percent of TIO) as compared to Rs 20.25 crore (9.4 percent of TIO) in Q2-16.

    Other Income in Q2-17 was less than half (declined 58.5 percent) to Rs 7.49 crore as compared to Rs 18.06 crore in Q2-16.

    Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

    (2)The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Hathway promotes senior VP Rajaraman. S as COO of video business

    Hathway promotes senior VP Rajaraman. S as COO of video business

    MUMBAI: Hathway Cable and Datacom has elevated Rajaraman. S as COO of the video business. Rajaraman was the senior VP of business operations, and played an important role in streamlining the business operations of the company including the Phase-III expansion.

    With an experience of 18 years in the media & broadcasting space, Rajaraman had a long tenure with Star India’s south business as head of finance prior to joining Hathway.

    In wake of the recent changes in its management structure, the company is looking to build greater focus on its Video business to keep pace with the fast changing dynamics of the digitization regime and to grow the business in the new regulatory environment proposed by TRAI in the coming months.

    Commenting on the development, Hathway Cable & Datacom CEO Tavinderjit Panesar said, “The cable industry is set for a transformational shift in light of the new regulations. At Hathway, we are encouraged and excited to look at this as a big growth opportunity. Rajaraman has been an integral part of the change in the video business that Hathway has witnessed over the last couple of years by strengthening our processes and operations and setting the business for new challenges ahead. In his new role, we are confident that he will be able to contribute immensely in achieving our business objectives.”

  • Hathway promotes senior VP Rajaraman. S as COO of video business

    Hathway promotes senior VP Rajaraman. S as COO of video business

    MUMBAI: Hathway Cable and Datacom has elevated Rajaraman. S as COO of the video business. Rajaraman was the senior VP of business operations, and played an important role in streamlining the business operations of the company including the Phase-III expansion.

    With an experience of 18 years in the media & broadcasting space, Rajaraman had a long tenure with Star India’s south business as head of finance prior to joining Hathway.

    In wake of the recent changes in its management structure, the company is looking to build greater focus on its Video business to keep pace with the fast changing dynamics of the digitization regime and to grow the business in the new regulatory environment proposed by TRAI in the coming months.

    Commenting on the development, Hathway Cable & Datacom CEO Tavinderjit Panesar said, “The cable industry is set for a transformational shift in light of the new regulations. At Hathway, we are encouraged and excited to look at this as a big growth opportunity. Rajaraman has been an integral part of the change in the video business that Hathway has witnessed over the last couple of years by strengthening our processes and operations and setting the business for new challenges ahead. In his new role, we are confident that he will be able to contribute immensely in achieving our business objectives.”