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Tag: Pantel Technologies

  • Will clear bills of broadcasters in 4 weeks: Pantel

    Will clear bills of broadcasters in 4 weeks: Pantel

    MUMBAI: Even as Reliance Big TV announced its shutdown, it owed more than Rs 100 crore to broadcasters like Star India, ZEEL, Sony Pictures Networks India, TV18, Viacom18, Sun TV, and Discovery Communications India.

    The tribunal stated that the accommodation has been granted to Pantel and other non-official respondents on the condition that they will make sincere efforts to settle the claims of the broadcasters, particularly those of Star India and ZEEL at the earliest.

    The tribunal had also directed Star India not to disconnect signals to the DTH operator till the next date on the condition that a further amount of Rs 50 lakh will be paid by Pantel by 2 February.

    “We have been assured on behalf of respondent no. 3 that it will make sincere effort to settle the claims of all the petitioners at the earliest and in total it may require about four weeks to do so,” the TDSAT noted.

    Earlier, the tribunal had stayed the disconnection notice by Star India on the condition that an amount of Rs 3 crore will be paid on account by Pantel before the next date 30 January.

    Pantel had paid 50 per cent of the amount within one week while the company’s counsel handed over the cheque for the remaining Rs 1.5 crore before the tribunal. The delay in paying the balance Rs 1.5 crore on time was condoned by the tribunal.

    It also assured of settling Discovery Communications India’s claim of Rs 7.23 crore in the same time frame. The tribunal directed Pantel to settle the dues of Cinema 24×7 also within a week or two.

    ABP News Network, which has also impleaded in the matter, submitted the claim for a small amount of Rs 14 lakh approximately. The Pantel counsel assured that this claim will be settled as per mutual satisfaction within a week or two.

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    Reliance Big DTH to take FTA route under new management?

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  • Sab Group, Pantel Tech join hands to launch over 20 FTA channels

    Sab Group, Pantel Tech join hands to launch over 20 FTA channels

    MUMBAI: Sri Adhikari Brothers Television Network Ltd and Pantel Technologies have entered into an understanding to jointly create a bouquet of over 20 channels comprising diverse genres such as entertainment, kids, infotainment, mythological, and movies. Pantel Technologies recently acquired the business of Reliance Big DTH, from the Anil Ambani group.

    Sab Group’s release to the BSE stated that “the varied product offering will strengthen the business of Reliance DTH Big TV and will give a leg up to the largest FTA (free-to-air) network in India. FTA channels have shown an upsurge with all the leading broadcasters showing keen interest in the FTA product offering.”

    Tapping the immense potential of the rural segment and to provide them good quality family entertainment, the collaboration aims to create   bouquet. This would usher in a new era of entertainment for the rural market, the release added.

    Markand Adhikari, chairman and MD, SAB Group, said, “Sab Group has laid down the   foundation in content creation since the inception of media in India and has profound expertise and understanding of content. With technological capabilities of Pantel Technologies, our dream to provide the right mix of content to the entire nation will be fulfilled.”

    Pantel Technologies CMD, Vijendra Singh, said, “Our main aim is to develop the entertainment appetite of the rural market and create an alternative India. With our coalition with SABGroup, we will bring together our technological proficiency and their content expertise thereby enabling us to provide good content for rural India which is what we are committed to for their upliftment.”

    Sab Group currently runs five channels: Mastiii (a music and youth channel); Dabangg (focusing on Hindi heartland of Uttar Pradesh, Bihar and Jharkhand); Maiboli (a Marathi entertainment channel); Dillagi (a channel dedicated to the rural India); and Dhamaal Gujarat (a music and youth channel for Gujarat).

    Pantel Technologies, an information technology and communication devices company, sells tablet PCs under the brand Penta T-Pads in India, GCC, south east Asia and African markets.

    Also read:

    Reliance Big TV acquisition: Pantel Tech joins the fray

    SAB realigns Dhanda’s position as TV Vision CEO

    SAB’s Happii-Fi to target multiple genres, gets 3m views online

  • Reliance Big TV acquisition: Pantel Tech joins the fray

    Reliance Big TV acquisition: Pantel Tech joins the fray

    MUMBAI: Reliance Communications Ltd (RCom) has entered into a binding share purchase agreement with Pantel Technologies Pvt Ltd and Veecon Media & Television Ltd for the sale of Reliance Big TV Ltd (RBTV).

    According to the terms of the agreement, the buyers will acquire the entire shareholding of RBTV, engaged in the business of direct-to-home (DTH) services across India, on an “as-is, where-is” basis along with existing trade and contingent liabilities.

    The existing DTH license of Big TV is being renewed and the required bank guarantees have already been submitted to the Ministry of Information and Broadcasting (MIB).

    The transaction ensures that all 1.2 million customers of BIG TV will continue to enjoy uninterrupted services. It also ensures continuity of employment for approximately 500 employees of RBTV.

    The transaction will help to reduce the liability of unsecured creditors, benefitting all stakeholders, including lenders and shareholders of RCom. The successful culmination of the transaction is subject to requisite approvals from licensors, regulatory authorities, and lenders of RCom.

    Pantel Technologies is an information technology and communication devices company, selling tablet PCs under the Penta T-Pad brand in the Indian, Southeast Asian, GCC, and African markets.