MUMBAI: Odisha’s largest multi-system operator (MSO) Ortel Communications plans to invest Rs 300 crore on expansion over the next two years. Ortel CEO BP Rath said it would utilise IPO proceeds, internal accrual, debt and equity to meet its need.
Ortel, a regional cable television service-provider, is engaged in the distribution of analog and digital cable television services, high-speed broadband services & Voice over Internet Protocol services. Currently focused in the states of Orissa, Chhattishgarh, Andra Pradesh, Telangana, Madhya Pradesh & West Bengal, Ortel focuses on building a two-way state-of-the-art communication network enabled for ‘Triple Play’ services (video , data, and voice capabilities) with control over the ‘last mile’ .
Rath said that Ortel would be making the investment on upgrading and expansing its infrastructure. The investment would help strengthen Ortel’s efficiency, reach and competitiveness. Ortel, which manages 90 per cent of its subscribers directly, in September last year, had a subs base of around 805,000.
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