Listed co holds 63% of cable business: Hinduja TMT

Q: So 5 lakh subscribers out of 5 million and you would be holding the company, which has listed today own 63% of that cable business?

A: Yes, it owns 63% of that cable business.

Q: What are the other properties, which go into valuing your stock? Could you just talk a little bit about content side of it?

A: The content side of the business is fundamentally of two types.One is content creation business, which means creating content, acquiring film content, movie content and television content.Second is a new business that we have started this year, called content aggregation business. So these content businesses are going to bring in that valuable content which will be available to a twin play and triple play.

Q: What about broadband?

A: Broadband is also a part of the same IndusInd Media company; IN2Cable has merged into IMC (IndusInd Media & Communications Ltd.) and we see broadband as a very big force multiplier for the next two years.We intend to provide future set-top boxes with broadband ability and we believe that with regulations in place, twin play will not be difficult for cable companies in the next two years.

Q: I believe you have some land as well. How is that land appropriately valued?

A: We have land at Bangalore and basic objective of this land is to offer it for development rights.As far as valuations are concerned, they are available only on book value basis. So once the development rights are given, I think that there will be appropriate use and an appropriate announcement by the broad on the use to which this land will be put in the next couple of weeks.