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Out of total revenue of Rs 236.5 cr in Q1, Hathway Digital’s placement income was Rs 70.2 cr. Subscription rev was Rs 132.5 cr. Pay channel cost was Rs 135.2 cr. Hathway Cable & Datacom’s subscription rev from broadband was Rs 129 cr. Broadband ARPU fell QoQ to Rs 730.
Hathway video biz CEO TS Panesar has resigned. He departs at a time when the cable TV biz has been transferred to a wholly owned subsidiary while the broadband operations is in the parent company. He introduced several changes, brought in processes and launched VAS. His successor will live in a new period of the company’s journey and face new challenges.
The IPO of GTPL Hathway was fully subscribed on the final day of the issue on Friday. The issue was oversubscribed 1.52 times, data from stock exchanges showed. It received bids for 30.86 mn shares against the total issue size of 20.21 million shares, excluding the anchor investors’ portion.
GTPL Hathway may look at acquiring primary points and stakes of its JV partners. OTT service is also on the radar.
GTPL Hathway has cut the size of its IPO by 20%. The promoters strategically decided on 25% dilution rather than 30%. The issue size is Rs 480 cr, down from the initial plan of raising Rs 600 cr. IPO price is Rs 170 in the upper end and Rs 167 at the lower band.
GTPL Hathway, in which Hathway Cable & Datacom owns 50% stake, is planning to raise Rs 600 crore through an IPO in June.
Dish TV India is incorporating a wholly-owned subsidiary to start OTT biz. Here is how and why.
After adding horror and comedy shows to its content offering, Big Magic is airing a two-month animation film festival ‘Chutti Express’, conceptualised especially for kids.
Rajan Raheja-promoted Asianet will roll out its broadband service in Tamil Nadu. Hathway Cable & Datacom, which is also promoted by Raheja, recently announced its broadband expansion plans in TN.