Tag: Scod18

  • GTPL Hathway acquires SCOD18 Networking to expand footprint in Maharashtra

    GTPL Hathway acquires SCOD18 Networking to expand footprint in Maharashtra

    MUMBAI: Cable TV and broadband service provider GTPL Hathway has acquired 100 per cent shares of SCOD18 Networking Pvt Ltd on Monday. The company informed the exchanges about the acquisition in a filing on Tuesday.

    While the company has a strong presence in Gujarat, the acquisition has been done with an object of enhancing its footprint in neighboring state Maharashtra. SCOD18 which has now become wholly-owned subsidiary of GTPL Hathway, had a turnover of Rs 305.64 million as on 31 March.

    GTPL Hathway posted a net profit of Rs 29.4 crore for the quarter ended 30 June as against a net loss of Rs 28.1 crore in the trailing quarter ended 31 March. EBITDA was up 6 per cent at Rs 115.6 crore compared to Rs 103.6 crore in Q4 FY19.

  • TDSAT prohibits Scod18 from relaying IndiaCast channels

    TDSAT prohibits Scod18 from relaying IndiaCast channels

    MUMBAI: Scod18 Networking Pvt Ltd (Scod18), a multi-system operator (MSO), has been restrained by the Telecom Disputes Settlement Appellate Tribunal (TDSAT) from taking signals of IndiaCast Media Distribution Pvt Ltd’s (IndiaCast) channels from any other operator.

    The TDSAT has further ordered that the MSO cannot alienate or deal with its movable and immovable properties without the prior permission of the tribunal. The distribution company has also sought recovery of dues from Scod18 to the tune of Rs 2 crore.

    Accepting IndiaCast’s plea, the tribunal passed an order stating, “Pass an ad-interim ex parte order restraining the respondent from receiving signals of broadcaster’s channels from any other operator or service provider transferring or alienating or dealing with its movable and immovable properties without the prior permission of this tribunal.”

    IndiaCast has disconnected the signals of its channels to the MSO and it understands that the MSO might take signals of its channels from other platforms. Therefore, the company has taken a legal cover to restrain the MSO from indulging in piracy.

    The interim order will be applicable till the next date of hearing, which is 8 May. IndiaCast is the content monetisation arm of the TV18 and Viacom18 network. IndiaCast has a bouquet of 51 channels, including nine in HD  spanning across genres—general entertainment, kids, news, music, infotainment, and movies—in India.

    IndiaCast had pressed for an interim relief but the TDSAT stated that the same will be considered after giving an opportunity of filing a reply to the MSO.

    Scod18 has been granted four weeks’ time for its reply. The rejoinder, if any, may be filed within one week thereafter.

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