22 Sep 2017
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MIB grants provisional registration to Fastway-controlled Jagsumi Perspectives

MUMBAI: The Ministry of Information & Broadcasting (MIB) has granted provisional licence to Jagsumi Perspectives, in which MSO Fastway Transmission holds majority stake, for Phase III and IV areas in Haryana, Rajasthan and Uttar Pradesh.

Last year, Fastway had bought IndusInd Media & Communications Ltd (IMCL)’s stake in Jagsumi, which has operations in Kurukshetra, Kaithal and Bhiwani in Haryana with an estimated subscriber base of 110,000.

IMCL had booked a loss of Rs 6.194 crore (Rs 61.94 million) from the transaction. The deal marked IMCL’s exit from Haryana.

Mumbai-based Win Trendz Exim is the only company to receive all-India registration. Bharat Lekhumal Harwani and Narendra Lekhumal Harwani are the two directors of the company.

The ministry has granted 32 provisional MSO registrations, taking the total count to 496 as on 17 February. The majority of the registrations have been granted for digital addressable system (DAS) Phase III and IV areas.

The registrations have been granted for the states of Madhya Pradesh, Andhra Pradesh, Gujarat, Uttar Pradesh, Rajasthan, Telangana, Maharashtra, Goa, Chhattisgarh and Tamil Nadu.