ITV

Tag: NXT Digital

  • Hinduja Ventures increases stake in Indusind Media

    Hinduja Ventures increases stake in Indusind Media

    MUMBAI: The Hinduja group is in a consolidation mood. Especially in its media business. Group company Hinduja Ventures informed the Bombay stock exchange today that it was buying both ordinary and preferential shares of Indusind Media & Communications Ltd (IMCL) from another Hinduja venture Grant Investrade Ltd (GIL).

    IMCL runs the InCable Net, IN Digital, IN2Cable and IN Phone businesses, while GIL is getting ready to aggressively roll out its HITS platform NXT Digital after its launch last year.

    In the communiqué, HVL has stated that it will be buying 43.03 lakh Rs 10 face value shares (equal to 5.82 per cent of IMCL’s paid up capital) of IMCL at a premium of Rs 456 per share, and it will also purchase 7.04 million preference shares (equal to 26.02 per cent of IMCL’s paid up preference capital) of Rs 10 each at par from GIL.

    HVL’s holding in IMCL will rise to 61.91 per cent from 56.09 per cent once the transaction is completed by 20 July 2016.

    IMCL, according to the notification had a turnover of Rs 434- odd crore and a net worth of 139.20 crore in the year ended 31 March 2016.

    Observers say that the transaction will allow some funds to be infused into GIL as it moves to take NXT Digital to its next phase.

  • Hinduja Ventures increases stake in Indusind Media

    Hinduja Ventures increases stake in Indusind Media

    MUMBAI: The Hinduja group is in a consolidation mood. Especially in its media business. Group company Hinduja Ventures informed the Bombay stock exchange today that it was buying both ordinary and preferential shares of Indusind Media & Communications Ltd (IMCL) from another Hinduja venture Grant Investrade Ltd (GIL).

    IMCL runs the InCable Net, IN Digital, IN2Cable and IN Phone businesses, while GIL is getting ready to aggressively roll out its HITS platform NXT Digital after its launch last year.

    In the communiqué, HVL has stated that it will be buying 43.03 lakh Rs 10 face value shares (equal to 5.82 per cent of IMCL’s paid up capital) of IMCL at a premium of Rs 456 per share, and it will also purchase 7.04 million preference shares (equal to 26.02 per cent of IMCL’s paid up preference capital) of Rs 10 each at par from GIL.

    HVL’s holding in IMCL will rise to 61.91 per cent from 56.09 per cent once the transaction is completed by 20 July 2016.

    IMCL, according to the notification had a turnover of Rs 434- odd crore and a net worth of 139.20 crore in the year ended 31 March 2016.

    Observers say that the transaction will allow some funds to be infused into GIL as it moves to take NXT Digital to its next phase.

  • TDSAT rejects IBF plea for more time to sign RIOs with NSTPL saying HITS players get equal status with pan-India MSOs

    TDSAT rejects IBF plea for more time to sign RIOs with NSTPL saying HITS players get equal status with pan-India MSOs

    NEW DELHI: An application by the Indian Broadcasting Foundation seeking extension of time for its members to sign reference interconnect offers agreements with the Noida Software Technology Park Ltd (NSTPL)  has been turned down by the Telecom Disputes Settlement and Appellate Tribunal.  

    In a landmark judgment expected to have far reaching consequences on the Indian broadcasting industry, TDSAT had on 7 December last said that headend-in-the-sky (HITS) players should be treated on the same level as pan-India multi-system operators (MSOs) for commercial purposes.

    In its judgment on a petition filed by the NSTPL against Media Pro and others, the tribunal said its judgment would come into effect from 31 March 2016 by which time it hoped that the relevant reference interconnect offers will be revised wherever necessary.

    Apart from the IBF, some television channels had also filed applications seeking an extension, and the tribunal had addressed certain questions to the Telecom Regulatory Authority of India in this connection.

    In its order, chairman Aftab Alam and members Kuldip Singh and B B Srivastava said after hearing TRAI counsel Saket Singh on the questions addressed to the authority, “We take it to mean that TRAI does not wish any extension of the suspension of the judgment”.

    Answering the main of the four questions, Singh had told the Tribunal that the consultation paper dated 29 January 2016 under the caption ‘Tariff issues relating to TV services’ was part of an ongoing process which is undertaken by TRAI from time to time based on its assessment of the relevant issues in the sector. The exercise is undertaken independently though it may cover some of the issues highlighted in the tribunal’s judgment dated 7 December.

    The tribunal also noted that though the IBF had made the application for extension, it was ‘apparent’ from the hearings that took place on the previous dates that some of the major broadcasters ‘have divergent views not only inter-se but also at variance with the position taken the foundation in as much as none of the broadcasters has asked for any extension of the period of suspension of the judgment.’ The extension of the suspension of the judgment was primarily sought on the plea that following the judgment, TRAI had issued a consultation paper that intends to review the regulatory framework for the broadcasting sector.

    Naming the broadcasters – Star India, Taj TV, IndiaCast, and MSM who are all members of IBF, the tribunal said” “it appears that at least on the issue of enforcement or further suspension of the judgment, the foundation is not in a position to represent the collective views of all its members. We, therefore, see no reason to entertain the application on behalf of the foundation for any further suspension of the judgment.The application is turned down.” The tribunal directed the remaining cases in the batch to come up on 8 April.

    Expectedly, the judgment will also help the Hinduja Group’s HITS platform NXT Digital, which entered into the fray earlier this year.

    In the judgment of 7 December, the Tribunal had directed both Star and Taj, as well as the other broadcasters who have joined the proceedings as intervenors to issue fresh RIOs in compliance with the Interconnect Regulations, as explained in the judgment within one month from the date this order becomes operational and effective. It had said it would be then open to NSTPL to execute fresh interconnect agreements with Star and Taj, and with any other broadcasters on the basis of their respective RIOs or on negotiated terms within the limits.

    The tribunal said: “It is difficult to see a HITS operator as different from a pan-India MSO and in our considered view a HITS operator, in regard to the commercial terms for an interconnect arrangement has to be taken at par with a pan-India MSO and must, therefore, receive the same treatment.”

    The tribunal had noted that Star and Taj will have to execute fresh interconnect agreements with the petitioner within two weeks from the date of issuance of their fresh RIOs. The agreement with Star would relate back to 30 October 2015 and with Taj to 30 June 2015. The issuance of the fresh RIOs by the broadcasters will also give right to other distributors of channels with whom the broadcasters may be in interconnect agreement to have their agreements modified in terms of clause 13.2A.7.

    NSTPL had executed an RIO based agreement with Media Pro. At that time, it did not complain before the tribunal that it was being forced into the RIO based agreement even though it had ample opportunity to do so as the Media Pro application was pending before the tribunal. Later on, after Media Pro ceased to be an agent of the broadcasters, NSTPL, even after filing the present petition, signed RIO based agreements with both Star and Taj. The agreement with Star was for the period upto 30 July, 2015 and the two agreements with Taj were upto 31 March, 2015.

    The Tribunal had also said that NSTPL must therefore be held bound by those agreements till the periods of those agreements and further, three months beyond that in terms of clause 8 of the Interconnect agreement. After those dates (29 October in case of Star and 30 June in case of Taj) the arrangement will be governed by the fresh agreements.

  • TDSAT rejects IBF plea for more time to sign RIOs with NSTPL saying HITS players get equal status with pan-India MSOs

    TDSAT rejects IBF plea for more time to sign RIOs with NSTPL saying HITS players get equal status with pan-India MSOs

    NEW DELHI: An application by the Indian Broadcasting Foundation seeking extension of time for its members to sign reference interconnect offers agreements with the Noida Software Technology Park Ltd (NSTPL)  has been turned down by the Telecom Disputes Settlement and Appellate Tribunal.  

    In a landmark judgment expected to have far reaching consequences on the Indian broadcasting industry, TDSAT had on 7 December last said that headend-in-the-sky (HITS) players should be treated on the same level as pan-India multi-system operators (MSOs) for commercial purposes.

    In its judgment on a petition filed by the NSTPL against Media Pro and others, the tribunal said its judgment would come into effect from 31 March 2016 by which time it hoped that the relevant reference interconnect offers will be revised wherever necessary.

    Apart from the IBF, some television channels had also filed applications seeking an extension, and the tribunal had addressed certain questions to the Telecom Regulatory Authority of India in this connection.

    In its order, chairman Aftab Alam and members Kuldip Singh and B B Srivastava said after hearing TRAI counsel Saket Singh on the questions addressed to the authority, “We take it to mean that TRAI does not wish any extension of the suspension of the judgment”.

    Answering the main of the four questions, Singh had told the Tribunal that the consultation paper dated 29 January 2016 under the caption ‘Tariff issues relating to TV services’ was part of an ongoing process which is undertaken by TRAI from time to time based on its assessment of the relevant issues in the sector. The exercise is undertaken independently though it may cover some of the issues highlighted in the tribunal’s judgment dated 7 December.

    The tribunal also noted that though the IBF had made the application for extension, it was ‘apparent’ from the hearings that took place on the previous dates that some of the major broadcasters ‘have divergent views not only inter-se but also at variance with the position taken the foundation in as much as none of the broadcasters has asked for any extension of the period of suspension of the judgment.’ The extension of the suspension of the judgment was primarily sought on the plea that following the judgment, TRAI had issued a consultation paper that intends to review the regulatory framework for the broadcasting sector.

    Naming the broadcasters – Star India, Taj TV, IndiaCast, and MSM who are all members of IBF, the tribunal said” “it appears that at least on the issue of enforcement or further suspension of the judgment, the foundation is not in a position to represent the collective views of all its members. We, therefore, see no reason to entertain the application on behalf of the foundation for any further suspension of the judgment.The application is turned down.” The tribunal directed the remaining cases in the batch to come up on 8 April.

    Expectedly, the judgment will also help the Hinduja Group’s HITS platform NXT Digital, which entered into the fray earlier this year.

    In the judgment of 7 December, the Tribunal had directed both Star and Taj, as well as the other broadcasters who have joined the proceedings as intervenors to issue fresh RIOs in compliance with the Interconnect Regulations, as explained in the judgment within one month from the date this order becomes operational and effective. It had said it would be then open to NSTPL to execute fresh interconnect agreements with Star and Taj, and with any other broadcasters on the basis of their respective RIOs or on negotiated terms within the limits.

    The tribunal said: “It is difficult to see a HITS operator as different from a pan-India MSO and in our considered view a HITS operator, in regard to the commercial terms for an interconnect arrangement has to be taken at par with a pan-India MSO and must, therefore, receive the same treatment.”

    The tribunal had noted that Star and Taj will have to execute fresh interconnect agreements with the petitioner within two weeks from the date of issuance of their fresh RIOs. The agreement with Star would relate back to 30 October 2015 and with Taj to 30 June 2015. The issuance of the fresh RIOs by the broadcasters will also give right to other distributors of channels with whom the broadcasters may be in interconnect agreement to have their agreements modified in terms of clause 13.2A.7.

    NSTPL had executed an RIO based agreement with Media Pro. At that time, it did not complain before the tribunal that it was being forced into the RIO based agreement even though it had ample opportunity to do so as the Media Pro application was pending before the tribunal. Later on, after Media Pro ceased to be an agent of the broadcasters, NSTPL, even after filing the present petition, signed RIO based agreements with both Star and Taj. The agreement with Star was for the period upto 30 July, 2015 and the two agreements with Taj were upto 31 March, 2015.

    The Tribunal had also said that NSTPL must therefore be held bound by those agreements till the periods of those agreements and further, three months beyond that in terms of clause 8 of the Interconnect agreement. After those dates (29 October in case of Star and 30 June in case of Taj) the arrangement will be governed by the fresh agreements.

  • Hinduja Ventures declares 175 per cent interim dividend for FY-2016

    Hinduja Ventures declares 175 per cent interim dividend for FY-2016

    BENGALURU: Hindustan Ventures Limited (HVL), the holding company of one of India’s largest integrated media companies, – IndusInd Media & Communications Limited (IMCL) and Grant Investrade Limited which has launched the headend in the sky (HITS) platform, announced an interim dividend of 175 per cent (Rs 17.50 per equity share of face value of Rs 10) for the current financial year.  The dividend will result in a pay out of Rs 4329.53 lakh. (100,00,000 = 100 lakh = 10 million = 1 crore)

    HVL had announced a standalone net profit after tax of Rs 86.41 crore for the nine month period ended December 31, 2015 as compared to a PAT of Rs 74.82 crore in the corresponding year ago period. The interim dividend will be paid on or after March 29, 2016.

    HVL’s HITS platform was launched on September 16,2015 by the Union Minister of Finance, Corporate Affairs and Ministry of Information & Broadcasting Arun Jaitley, under the brand name NXT DIGITAL. The Hinduja‐HITS Network will enable seamless transition from analogue to digital in phase III and IV markets.

    At the time of filing of this report, share price of HVL on the Bombay Stock Exchange was up by Rs 12, or 2.88 percent higher than the previous close of Rs 416 with a total turnover of 2.65 lakh. The share had opened today at Rs 425, with a high if Rs 428 and a low of Rs 421.50.

  • Hinduja Ventures declares 175 per cent interim dividend for FY-2016

    Hinduja Ventures declares 175 per cent interim dividend for FY-2016

    BENGALURU: Hindustan Ventures Limited (HVL), the holding company of one of India’s largest integrated media companies, – IndusInd Media & Communications Limited (IMCL) and Grant Investrade Limited which has launched the headend in the sky (HITS) platform, announced an interim dividend of 175 per cent (Rs 17.50 per equity share of face value of Rs 10) for the current financial year.  The dividend will result in a pay out of Rs 4329.53 lakh. (100,00,000 = 100 lakh = 10 million = 1 crore)

    HVL had announced a standalone net profit after tax of Rs 86.41 crore for the nine month period ended December 31, 2015 as compared to a PAT of Rs 74.82 crore in the corresponding year ago period. The interim dividend will be paid on or after March 29, 2016.

    HVL’s HITS platform was launched on September 16,2015 by the Union Minister of Finance, Corporate Affairs and Ministry of Information & Broadcasting Arun Jaitley, under the brand name NXT DIGITAL. The Hinduja‐HITS Network will enable seamless transition from analogue to digital in phase III and IV markets.

    At the time of filing of this report, share price of HVL on the Bombay Stock Exchange was up by Rs 12, or 2.88 percent higher than the previous close of Rs 416 with a total turnover of 2.65 lakh. The share had opened today at Rs 425, with a high if Rs 428 and a low of Rs 421.50.

  • NXT Digital inks deal with Disney Media for two years

    NXT Digital inks deal with Disney Media for two years

    MUMBAI: Headend In The Sky (HITS) platform NXT Digital, which rolled out its services in September 2015, has added one more broadcaster to its kitty. Disney Media Distribution, which recently separated from the IndiaCast distribution platform, has signed a two year deal with the Hinduja-owned HITS company.

    The deal allows both active and passive distribution of the eight Disney channels.

    “This is a partnership deal for two years, we see HITS progressing thick and fast and hence when they reached out to us, we decided to move ahead and sign the deal,” a senior Disney official tells Indiantelevision.com.

    The deal has been signed on a cost per subscriber (CPS) model, and the channels are already available for NXT Digital’s subscribers.

  • NXT Digital inks deal with Disney Media for two years

    NXT Digital inks deal with Disney Media for two years

    MUMBAI: Headend In The Sky (HITS) platform NXT Digital, which rolled out its services in September 2015, has added one more broadcaster to its kitty. Disney Media Distribution, which recently separated from the IndiaCast distribution platform, has signed a two year deal with the Hinduja-owned HITS company.

    The deal allows both active and passive distribution of the eight Disney channels.

    “This is a partnership deal for two years, we see HITS progressing thick and fast and hence when they reached out to us, we decided to move ahead and sign the deal,” a senior Disney official tells Indiantelevision.com.

    The deal has been signed on a cost per subscriber (CPS) model, and the channels are already available for NXT Digital’s subscribers.

  • “Our strategy is clear, we are ready to associate with everybody but we won’t compromise with our transparency:” Tony D’Silva

    “Our strategy is clear, we are ready to associate with everybody but we won’t compromise with our transparency:” Tony D’Silva

    For Hinduja’s Headend In The Sky (HITS) platform – NXT Digital, which was launched earlier this year, the journey so far has been about tussling it out. From procuring the requisite license from the Ministry of Information & Broadcasting (MIB) to getting broadcasters on board, for NXT Digital, it was no mean feat. Focusing on phase III and IV areas of Digital Addressable System (DAS), the venture has made it very clear that they mean business and are here for the long haul.

    Led by Grant Investrade managing director Tony D’Silva, the venture is investing heavily in order to achieve the goals that have been set. With an aim to spread its network pan India, NXT Digital has deployed teams on ground to reach out to operators. Speaking to Indiantelevision.com’s Anirban Roy Choudhury, D’Silva speaks about the roadmap ahead for NXT Digital, the recent deal with Zee Entertainment Enterprises as well as India’s cable digitisation drive. D’silva makes no bones about the fact that the company is ready to associate with anybody but will not compromise with its transparency.

    Read on:

    How did the industry respond to the launch of NXT Digital?

    The launch of NXT Digital has been very well received by most markets across the country. Initially people were skeptical about what this system was all about. There was a lot of negative publicity in the market spread by people with various vested interests saying that we would face the same problems that Jain HITS faced. I think we have been able to overcome that gradually. And now we believe that we are a platform to stay. We have made substantial investment and have the financial support to invest more.

    What do you think has been the biggest achievement so far for NXT Digital?

    The most important achievement is the fact that we have successfully signed all the broadcasters. The deal with broadcasters is for both active and passive services (with exception of Zee), which is a greater achievement. Now I think we have started to move faster. Initially the progress was a little slow because there was a lot of confusion in the market as what will be the last date of DAS Phase III. However, now that there is clarity on the final date, the demand has seen a substantial growth in terms of COPE mini headend systems and set top boxes (STBs).

    When you speak about demand, is there any particular region where you are witnessing the demand or is it pan India?

    It is indeed pan India. In fact, we are observing a huge demand in phase I and II areas. But considering our decision to not disturb the existing ecosystem, we have decided to focus on phase III and IV markets only as of now. That said, we will review the model whenever needed.

    How robust is your infrastructure to meet the growing demand?

    We built our infrastructure for a particular demand but we have gone well beyond that demand and hence we have to now re-build our infrastructure. And that’s exactly what we will do to meet the demand.

    Infrastructure will certainly not be a problem as far as NXT Digital is concerned. We are evaluating various options when it comes to STBs. DAS Phase IV will have a different affording power as compared to phase III and keeping the diversity in mind, we plan to offer a variety of options when it comes to STBs. By next year we will add one or two more transponders too.

    How do you plan to ensure cordial reach out to the operators?

    We reach out to the operators through various print, digital mediums, live roadshows etc. Moreover we have an on-ground team, which interacts with the operators. I think the proof of the pudding is in the eating. Once cable operators as well as the market have seen our services, there will automatically be a level of satisfaction and confidence and then they will be our ambassadors.

    What’s your take on pricing when it comes to DAS Phase III and IV?

    The content pricing is a function of broadcasters. We follow a business model where we don’t make any money from content. We don’t want to make money from content. The lower the broadcaster gives us, the lower we offer to our operators. Broadcasters unfortunately don’t see a difference between Phase III and Phase IV even though we have been repeatedly appealing to them because there is a clear difference in Average Revenue Per User (ARPU) in the two regions. I think it’s the function of authority overseeing the digitisation process to ensure the fact that the price quoted is fair for the entire ecosystem.

    Is there a clear enough revenue model?

    I think there should be a differentiation in the markets, or another way to look at it is to see what you can afford and pay for it. But I don’t know if the second one is a right option at this stage. And the reason I say at this stage is because the consumer is used to a kind of model and suddenly you cannot give him another rationale and logic. The transition needs to happen after following a logical approach and that is something that I firmly believe in. You cannot bring in a change by being harsh on the end consumers. 

    How many operators has NXT Digital signed with so far? Are you happy with the number?

    We are very close to touching the 500 mark and I am very happy with the number. The number will go up substantially as we come closer and closer to the D-Day. There are a huge number of people who are still trying to figure out the best way forward. The main reason why operators held back was because they were insecure about us not having all the content. After getting Zee on board that problem has been addressed and now we will certainly see the demand going up.

    The other problem that we faced in the initial stages was our broadcaster friends campaigning against us. They went on to many operators and mis-informed them saying NXT Digital will also be on the same track as Jain HITS as we will not provide them the content. I think we have proved that these were just rumours and hence they don’t count anymore.

    What’s your take on the entire digitisation process?

    Not all operators are equipped with higher education and hence they do not understand the actual meaning of digitisation. Digitisation does not mean putting a digital head-end and STBs but it is also about managing the backend, packaging and bundling. On the other hand, there are a lot of smart, intelligent Chinese vendors all around laying the trap and there are a good number of operators falling in that trap maybe because of the government pressure or lack of understanding.

    The other thing I have been telling the government is that when you look at regulation per se, the entire onus of implementing digitisation lies on the MSO. However, we are forgetting that a very important part of the process is the local cable operator (LCO), who is delivering the signal to the end consumer. Therefore billing, receipt collection, ensuring quality, consciousness and other on-ground responsibilities should remain with the LCO.

    The government needs to understand that unlike many other countries, India is not a homogenous market. On a single street you will find slums and multi-storeyed apartments, which are both are consuming content. The LCO cannot go with a fixed price because it will be more than some or less than some. Moreover, he will also have to pay service tax on it. The concept of billing needs to be realistic and practical. There are a lot of things that need to be addressed if we really want to digitise the country. 

    You are also providing local channel facility, which is something that lacks on DTH. Who takes the responsibility of the content put on those channels?

    We have a mechanism through which operators can have as many as eight – sixteen local channels. The benefit is that they are all encrypted and hence piracy is taken care of. We are clear with the operator that whatever content is put up, should follow the Cable Act. If the operator airs pirated content or breaches the law, the broadcasters can inform us and we will switch off signals. We have the power to switch off, which other MSOs don’t and that’s another advantage that we have. We have to understand one thing that the COPE belongs solely to the operator and therefore the liability of whatever is inserted through that COPE is on him. 

    Can DD Freedish capitalise on the on-ground chaos? If there is a blackout, people may just move to DD Freedish?

    DD Freedish is also like any other DTH platform. I don’t think it meets consumer requirements. The consumer knows what he wants to watch. Setting up a DD Freedish and buying an STB is similar investment. It’s just that there is no subscription fee attached to DD Freedish but it has its limitations when it comes to number of channels. And not only channels, the exposure that we offer is far beyond, be it international with global channels, local channels or value added services. So we are far ahead of a platform like DD Freedish and we are not bothered by it.

    You had all major broadcasters on board except Zee. How was your experience inking the deal with Zee?

    A deal that took four months to be signed cannot be called a smooth one. We went to the MIB, the Telecom Regulatory Authority of India (TRAI) and then eventually tussled it out at the Telecom Disputes Settlement and Appellate Tribunal (TDSAT). For many years now we have been requesting TRAI to come up with a standard Interconnect Agreement (ICA). There are so many operators across the country who cannot even afford to go to the TDSAT. It’s not an easy process; he has to come to Delhi, hire a lawyer and it needs a lot of financial backup. The deal signing with Zee was a learning experience for me. It was a case of dealing with people who say something and do something totally different. It was a clear case of mis-interpretation of law.

    What is the way forward for NXT Digital?

    Value added services are important to ensure growth and now we are focusing aggressively on that front. I want to make one thing very clear, which is that the Hinduja Group will fight this till the very end. We are not going to be tempered over by anybody in this industry. If there is a genuine problem or concern, we are more than happy to sit and discuss. At the same time, no matter what, we will not be stepped on for nothing. I firmly believe that the whole is always bigger than the individual. If we have all the broadcasters with us and one against, there has to be some vested interest. Our strategy is clear, we are ready to associate with everybody for business or betterment of the industry but we won’t compromise with our transparency. 

  • NXT Digital signs RIO deal with Taj Television

    NXT Digital signs RIO deal with Taj Television

    MUMBAI: The Hinduja Group’s Headend In The Sky (HITS) service under the brand name NXT Digital has finally struck a reference interconnect offer (RIO) deal with Zee Entertainment’s distribution subsidiary Taj Television India, by virtue of which it will be able to include Zee Entertainment Enterprises Ltd (Zeel) and Turner International India’s channels in its bouquet of offerings.

    As was reported earlier by Indiantelevision.com, the matter was with the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) and the two companies informed the Tribunal that Taj Television will provide its signals to Hinduja Group’s Grant Investrade as soon as an inter-connect agreement was signed.

    Zeel and Turner International were the only major broadcasting networks that were missing from the service’s bouquet. This deal will see NXT Digital, the rapidly growing platform in phase III areas, having a wholesome catalogue to offer to the operators, as well as reach a larger audience.

    Speaking on the signing of the new deal, a source from close to development told Indiantelevision.com, “The channels will be available on an ? la carte basis. And we are certain that this deal will help NXT Digital garner an enhanced reach.”

    This gives a definite edge to NXT Digital, which is the second HITS player in the country, the first being Jain HITS NXT Digital was launched earlier this year with state of art technology. On the other hand, Jain HITS is currently in the process of upgrading its technology.

     

    Also read:

     

    Taj TV to supply signals to Grant Investrade after signing ICA