ITV

Category: Cable TV

  • Star India to settle accounts with RVR Infrastructure, signals reconnected

    Star India to settle accounts with RVR Infrastructure, signals reconnected

    NEW DELHI: Following a direction of the Telecom Disputes Settlement and Appellate Tribunal, Star India has reconnected the signals to RVR Infrastructures Ltd after the MSO paid an amount of Rs five lakh as directed.

    Member B B Srivastava was informed on 29 August 2016 that the two parties had already met for one round to reconcile accounts and would be meeting again before the next date of hearing – 5 September.

    Earlier in the hearing on 24 August 2016 on the petition by the MSO challenging the disconnection of signals by the broadcaster, the Tribunal was told by RVR counsel Sharath Sampath that two cheques for Rs 2.5 lakh each dated 30 June 2016 had been lying with the broadcaster which had not beenencashed till date. However, Star India counsel Saurabh Shrivastava said this had not been done under instructions from RVR.

    According to RVR, the disconnection notice by Star India was for clearance of outstanding ofRs 8,51,635.

    The Tribunal noted that the dis.connection notice expired on 12 August 2016 and the signalswere disconnected on 23 August 2016.

    Under those circumstances, RVR and Star India had been directed to reconcile the amount andthe MSO had been asked to pay Rs five lakh through RTGS the same day (24 August 2016).

  • Star India to settle accounts with RVR Infrastructure, signals reconnected

    Star India to settle accounts with RVR Infrastructure, signals reconnected

    NEW DELHI: Following a direction of the Telecom Disputes Settlement and Appellate Tribunal, Star India has reconnected the signals to RVR Infrastructures Ltd after the MSO paid an amount of Rs five lakh as directed.

    Member B B Srivastava was informed on 29 August 2016 that the two parties had already met for one round to reconcile accounts and would be meeting again before the next date of hearing – 5 September.

    Earlier in the hearing on 24 August 2016 on the petition by the MSO challenging the disconnection of signals by the broadcaster, the Tribunal was told by RVR counsel Sharath Sampath that two cheques for Rs 2.5 lakh each dated 30 June 2016 had been lying with the broadcaster which had not beenencashed till date. However, Star India counsel Saurabh Shrivastava said this had not been done under instructions from RVR.

    According to RVR, the disconnection notice by Star India was for clearance of outstanding ofRs 8,51,635.

    The Tribunal noted that the dis.connection notice expired on 12 August 2016 and the signalswere disconnected on 23 August 2016.

    Under those circumstances, RVR and Star India had been directed to reconcile the amount andthe MSO had been asked to pay Rs five lakh through RTGS the same day (24 August 2016).

  • Hathway to take consumers on a spiritual journey with its new channel ‘Divine’

    Hathway to take consumers on a spiritual journey with its new channel ‘Divine’

    MUMBAI: Hathway Cable and Datacom Limited, is set to offer its subscribers a journey into spirituality with the launch of its new channel ‘Divine’ today, which will be available on a Pan-India basis to all Hathway subscribers on Channel No. 47.

    The channel “Divine-Beyond all” will showcase a variety of content featuring LIVE religious festivities and spiritual events. In April this year, the MSO had launched 4 new channels in the movies and music genre- DJAY, Lamhe, Home Theatre and Marathi Talkies and the launch of Divine will add to its strong portfolio of channels. The launch face of Divine will be the upcoming grand “Ganesh Utsav” festival which is one of the biggest religious festivals in India, especially in the state of Maharashtra where the fervour and frenzy goes to a different level. Hathway has launched a multimedia campaign across its platform, print, online and outdoor to create awareness of the new channel.

    The entire 11-day Ganapati festivities from 5th-15th September will be covered LIVE and exclusive 24X7 on ‘Divine’ where subscribers will get the opportunity to be a part of the celebrations, devotions and grandeur of top Ganesh pandals across Mumbai & other cities in Maharashtra with some key ones as follows:

    Commenting on the launch of Divine, Hathway Cable and Datacom MD and CEO Jagdish Kumar, “With Divine, we have taken another step in our strategic plans to create a robust portfolio of channels providing a satellite-like experience to our subscribers and creating a solid bouquet of channels which adds value to our subscriber base.”

    Hathway’s entry into the spiritual space with a dedicated channel will offer varied, localised content to digital cable subscribers which are not available on other satellite channels in a similar genre.

    Hathway Cable and Datacom Tavinderjit Singh Panesar video business president added, “Spirituality and devotion is beyond age, culture and religion and with this thought, we have launched ‘Divine’ which aims to celebrate India and its spiritual diversity. We believe this channel can be a great differentiator for us with the line-up of LIVE festivities and content that would be showcased through the year.”

  • Hathway to take consumers on a spiritual journey with its new channel ‘Divine’

    Hathway to take consumers on a spiritual journey with its new channel ‘Divine’

    MUMBAI: Hathway Cable and Datacom Limited, is set to offer its subscribers a journey into spirituality with the launch of its new channel ‘Divine’ today, which will be available on a Pan-India basis to all Hathway subscribers on Channel No. 47.

    The channel “Divine-Beyond all” will showcase a variety of content featuring LIVE religious festivities and spiritual events. In April this year, the MSO had launched 4 new channels in the movies and music genre- DJAY, Lamhe, Home Theatre and Marathi Talkies and the launch of Divine will add to its strong portfolio of channels. The launch face of Divine will be the upcoming grand “Ganesh Utsav” festival which is one of the biggest religious festivals in India, especially in the state of Maharashtra where the fervour and frenzy goes to a different level. Hathway has launched a multimedia campaign across its platform, print, online and outdoor to create awareness of the new channel.

    The entire 11-day Ganapati festivities from 5th-15th September will be covered LIVE and exclusive 24X7 on ‘Divine’ where subscribers will get the opportunity to be a part of the celebrations, devotions and grandeur of top Ganesh pandals across Mumbai & other cities in Maharashtra with some key ones as follows:

    Commenting on the launch of Divine, Hathway Cable and Datacom MD and CEO Jagdish Kumar, “With Divine, we have taken another step in our strategic plans to create a robust portfolio of channels providing a satellite-like experience to our subscribers and creating a solid bouquet of channels which adds value to our subscriber base.”

    Hathway’s entry into the spiritual space with a dedicated channel will offer varied, localised content to digital cable subscribers which are not available on other satellite channels in a similar genre.

    Hathway Cable and Datacom Tavinderjit Singh Panesar video business president added, “Spirituality and devotion is beyond age, culture and religion and with this thought, we have launched ‘Divine’ which aims to celebrate India and its spiritual diversity. We believe this channel can be a great differentiator for us with the line-up of LIVE festivities and content that would be showcased through the year.”

  • Topline improves for Hathway in Q1-2017, but bottomline impacted

    Topline improves for Hathway in Q1-2017, but bottomline impacted

    MUMBAI: The slow progress of DAS is continuing to prove painful for multisystem operator Hathway Cable & Datacom. Especially if one goes by the results it has reported for Q1 FY 2017 ended 30 June 2016.

    Ballooning pay channel costs of Rs 102.05 crore, service charges of Rs 34.59 crore, depreciation and amortization expenses of Rs 70.37 crore and higher employee benefit expenses of Rs 22.72 crore have resulted in it reporting an operating loss of Rs 25.88 crore. The comparative figures for the previous corresponding quarter were Rs 78.56 crore, Rs 25.94 crore, Rs 59.19 crore Rs17.60 crore had dragged its bottomline down to the tune of Rs 18.11 crore.

    Its topline, has however, shown some healthy improvement at Rs 301 crore in Q1 2017 as against Rs 257.44 crore in Q1 2016.

    Its finance costs seem to have risen too at Rs 29.75 crore as against Rs 21.36 crore in the previous corresponding quarter of FY 2016. The outcome: its net loss has shot up to Rs 52.86 crore as against Rs 36.99 crore.

    The company says that the hold up of the DAS Phase III rollout has impacted its monetization of the infrastructure investments it had made in some of the cities which came under those areas in preparation of the deadline of 31 December 2015.

    Hathway has also stated that it is facing resistance from cable operators who are refusing to sign inter-connect agreements despite orders from the Telecom Regulatory Authority to do so in notified cities.

    The company has got board approval to transfer its broadband business to a wholly owned subsidiary Hathway Broadband Pvt Ltd (HBPL) as of 1 April 2015. But this will be dependent on approval from the shareholders, and permission from the Bombay High Court and department of telecommunications (DoT). It says it has got approvals from the relevant stock exchanges, and it has approached the Bombay High Court.

    Until it gets the approval, Hathway Cable will continue to operate the broadband business on behalf of HBPL and will receive a payment of Rs 98.05 crore in cash but the amount will not be reflected in its financial statements, the company stated.

  • Topline improves for Hathway in Q1-2017, but bottomline impacted

    Topline improves for Hathway in Q1-2017, but bottomline impacted

    MUMBAI: The slow progress of DAS is continuing to prove painful for multisystem operator Hathway Cable & Datacom. Especially if one goes by the results it has reported for Q1 FY 2017 ended 30 June 2016.

    Ballooning pay channel costs of Rs 102.05 crore, service charges of Rs 34.59 crore, depreciation and amortization expenses of Rs 70.37 crore and higher employee benefit expenses of Rs 22.72 crore have resulted in it reporting an operating loss of Rs 25.88 crore. The comparative figures for the previous corresponding quarter were Rs 78.56 crore, Rs 25.94 crore, Rs 59.19 crore Rs17.60 crore had dragged its bottomline down to the tune of Rs 18.11 crore.

    Its topline, has however, shown some healthy improvement at Rs 301 crore in Q1 2017 as against Rs 257.44 crore in Q1 2016.

    Its finance costs seem to have risen too at Rs 29.75 crore as against Rs 21.36 crore in the previous corresponding quarter of FY 2016. The outcome: its net loss has shot up to Rs 52.86 crore as against Rs 36.99 crore.

    The company says that the hold up of the DAS Phase III rollout has impacted its monetization of the infrastructure investments it had made in some of the cities which came under those areas in preparation of the deadline of 31 December 2015.

    Hathway has also stated that it is facing resistance from cable operators who are refusing to sign inter-connect agreements despite orders from the Telecom Regulatory Authority to do so in notified cities.

    The company has got board approval to transfer its broadband business to a wholly owned subsidiary Hathway Broadband Pvt Ltd (HBPL) as of 1 April 2015. But this will be dependent on approval from the shareholders, and permission from the Bombay High Court and department of telecommunications (DoT). It says it has got approvals from the relevant stock exchanges, and it has approached the Bombay High Court.

    Until it gets the approval, Hathway Cable will continue to operate the broadband business on behalf of HBPL and will receive a payment of Rs 98.05 crore in cash but the amount will not be reflected in its financial statements, the company stated.

  • Hathway Cable to debut Divine during Ganesh Utsav

    Hathway Cable to debut Divine during Ganesh Utsav

    MUMBAI: DTH service providers have been providing spiritual services to their subscribers for quite some time now. As have cable operators and MSOs who switch on coverage of local poojas during religious festivals and periods.

    Now here is national cable TV MSO Hathway Cable & Datacom that is all set to launch a spiritual channel come1 September during the festival of Lord Ganesh which is predominantly celebrated in Maharashtra.

    Called Divine, it is to be available on channel 47 on its cable TV network nationally.

    Divine will to operate throughout the year and will be focused on broadcasting live events around religious festivals and on licensed content. Hathway has a bank of licensed spiritual content, which will form the major programming content post-Ganpati Utsav.

    “We have no restrictions on the kind of programmes we will telecast tomorrow ourselves. We intend to bring to viewers fine spiritual content,” says Hathway Cable & Datacom general manager- marketing & communications Akhil Rampal.

    Divine is launching around Ganpati Utsav, therefore initially it will have round the clock live coverage of pandals from Mumbai and outside. Live aartis and darshans are going to be part of the programming strategy.

    “We are attempting to re-brand spiritual content and innovate on how it conventionally is delivered to viewers,” adds Rampal.

    Though not many advertisers have yet signed on to advertise on the channel, at the time of writing, the idea is to reach out to the community of regional local advertisers which are already on the cable TV network.

    Hathway will be rolling out a campaign to push the channel around its launch. It hopes many viewers will tune in to listen to the shouts of Ganpati Bappa Morya.

    It’s over to the elephant God to oblige.

  • Hathway Cable to debut Divine during Ganesh Utsav

    Hathway Cable to debut Divine during Ganesh Utsav

    MUMBAI: DTH service providers have been providing spiritual services to their subscribers for quite some time now. As have cable operators and MSOs who switch on coverage of local poojas during religious festivals and periods.

    Now here is national cable TV MSO Hathway Cable & Datacom that is all set to launch a spiritual channel come1 September during the festival of Lord Ganesh which is predominantly celebrated in Maharashtra.

    Called Divine, it is to be available on channel 47 on its cable TV network nationally.

    Divine will to operate throughout the year and will be focused on broadcasting live events around religious festivals and on licensed content. Hathway has a bank of licensed spiritual content, which will form the major programming content post-Ganpati Utsav.

    “We have no restrictions on the kind of programmes we will telecast tomorrow ourselves. We intend to bring to viewers fine spiritual content,” says Hathway Cable & Datacom general manager- marketing & communications Akhil Rampal.

    Divine is launching around Ganpati Utsav, therefore initially it will have round the clock live coverage of pandals from Mumbai and outside. Live aartis and darshans are going to be part of the programming strategy.

    “We are attempting to re-brand spiritual content and innovate on how it conventionally is delivered to viewers,” adds Rampal.

    Though not many advertisers have yet signed on to advertise on the channel, at the time of writing, the idea is to reach out to the community of regional local advertisers which are already on the cable TV network.

    Hathway will be rolling out a campaign to push the channel around its launch. It hopes many viewers will tune in to listen to the shouts of Ganpati Bappa Morya.

    It’s over to the elephant God to oblige.

  • Siti Network looks to raise $100 million

    Siti Network looks to raise $100 million

    MUMBAI: Essel group multisystem operator (MSO) Siti Network has plans to raise $100 million through an issue of securities and/or equity related instruments.  The company informed the Bombay Stock Exchange (BSE) that  it  needs the money to fund its operations. It has an ambitious plan to further expand its footprint in the cable TV  and broadband landscape in India as DAS progresses into its last phase.

    Siti Network said it had got an in-principle board approval to raise the money taking the equity or equity related instrument route through a qualified institutional placement (QIP)/external commercial borrowings (ECBs) with rights of conversion into equity shares, foreign currency convertible bonds (FCCBs),  American Depository Receipts (ADRs), global  depository receipts
    (GDRs) or any other securities convertible into or exchangeable for equity shares or securities linked to equity shares.

    The company’s board of directors approved the fund raising and other  proposals at its meeting held on 26 August. 

    Siti Network further stated that as per a family  arrangement  agreed between the  promoter  group, communication has been received from Dr Subhash Chandra, Jawahar Lal Goel, Laxmi Narain Goel and Ashok Kumar Goel to  declassify the three mentioned along with their respective family  members as promoters of the company in terms of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

    The board decisions will take effect after necessary corporate and regulatory approvals are obtained.

    This is not first time that the company is raising funds. In October 2014, the company’s shareholders had approved raising up to $100 million by passing a special resolution through postal ballot.  However, against this, it made a QIP issue not exceeding Rs 250 crore; of which it received a subscription for Rs 221.11 crore at a price of Rs 35 per Re 1 share. 

    Then earlier this year, it received promoter funding to the tune of Rs  Rs 530 crore. Most of it was used to pare down its debt, while a minority portion was used for acquisition, including bigger stakes in associate companies and joint venture partners. 

    ALSO READ: 

    Siticable partners dittoTV; to push OTT to cable TV and broadband …

  • Siti Network looks to raise $100 million

    Siti Network looks to raise $100 million

    MUMBAI: Essel group multisystem operator (MSO) Siti Network has plans to raise $100 million through an issue of securities and/or equity related instruments.  The company informed the Bombay Stock Exchange (BSE) that  it  needs the money to fund its operations. It has an ambitious plan to further expand its footprint in the cable TV  and broadband landscape in India as DAS progresses into its last phase.

    Siti Network said it had got an in-principle board approval to raise the money taking the equity or equity related instrument route through a qualified institutional placement (QIP)/external commercial borrowings (ECBs) with rights of conversion into equity shares, foreign currency convertible bonds (FCCBs),  American Depository Receipts (ADRs), global  depository receipts
    (GDRs) or any other securities convertible into or exchangeable for equity shares or securities linked to equity shares.

    The company’s board of directors approved the fund raising and other  proposals at its meeting held on 26 August. 

    Siti Network further stated that as per a family  arrangement  agreed between the  promoter  group, communication has been received from Dr Subhash Chandra, Jawahar Lal Goel, Laxmi Narain Goel and Ashok Kumar Goel to  declassify the three mentioned along with their respective family  members as promoters of the company in terms of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

    The board decisions will take effect after necessary corporate and regulatory approvals are obtained.

    This is not first time that the company is raising funds. In October 2014, the company’s shareholders had approved raising up to $100 million by passing a special resolution through postal ballot.  However, against this, it made a QIP issue not exceeding Rs 250 crore; of which it received a subscription for Rs 221.11 crore at a price of Rs 35 per Re 1 share. 

    Then earlier this year, it received promoter funding to the tune of Rs  Rs 530 crore. Most of it was used to pare down its debt, while a minority portion was used for acquisition, including bigger stakes in associate companies and joint venture partners. 

    ALSO READ: 

    Siticable partners dittoTV; to push OTT to cable TV and broadband …