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Cable

Hathway to spin off cable TV biz into wholly owned subsidiary; broadband biz to be in parent company

Hathway

Reversing its earlier plan, Hathway has decided to spin off the cable TV biz into a wholly owned subsidiary. The broadband biz will be retained in the parent company. In a way, this signals the confidence the company’s owners have in the broadband biz.

BSNL inches closer to 10-mn wired broadband subscriber mark

Bharti Airtel, Atria and You Broadband added 10,000 customers each, to increase their customer base to 1.95 mn, 1.12 mn and 0.59 mn respectively.

MIB awards 71 provisional MSO licences; subsidiaries of leading MSOs in the list

MIB-01

MIB issues 71 provisional DAS licences between 5 Dec and 4 Jan. This makes it the biggest grant of licences at one go in a month since the MIB started awarding DAS licences.

WB govt to lay underground cable TV network

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The West Bengal government will lay an underground cable TV network in Kolkata to decongest the city of overhead cable wires.

GTPL Hathway’s transactions in 2016 relating to broadband and TV biz

GTPL-logo-main

GTPL Hathway, which has filed its draft papers with SEBI for an IPO, carried out two transactions in 2016 relating to broadband and TV biz.

Ortel customers can now service bills through Paytm wallet

Ortel Communications

Cable TV and broadband services provider Ortel Communications has launched a new digital bill payment option using Paytm for its customers.

New cut-off date for DAS Phase III not to be extended, says I&B secretary Ajay Mittal

“We are not going to extend the deadline for DAS Phase III. We had to extend it earlier due to various court cases,” I&B secretary Ajay Mittal said.

GTPL Hathway plans to raise Rs 150 crore via pre-IPO placement

GTPL-logo-main

GTPL Hathway is planning a Rs 150-crore pre-IPO placement of up to 9 mn shares. In the proposed IPO, the company is looking to offer a fresh issue of equity shares aggregating up to Rs 300 crore. It will also offer up to 18 mn equity shares as offer for sale.

GTPL Hathway looks to raise Rs 300 cr from fresh issue of shares, debt to be trimmed

GTPL-logo-main

Out of the net proceeds of the Rs 300-crore fresh issue, GTPL Hathway intends to utilise Rs 229.67 crore for repayment/pre-payment, in full or part, of certain borrowings.

AP FiberNet project launch and cable TV biz

AP-FiberNet-main

The AP FiberNet project has been launched in Mori. It will provide internet at a speed of 15 mbps, WiFi, a telephone connection and 250 cable TV channels for Rs 149 per month. The STB, worth Rs 4,000, is being provided for a monthly installment of Rs 99.