In an interview with CNBC-TV18, Subramaniam says he does not see the digitisation deadline being extended. He expects to the current financial year with 45-50 lakh subscribers and says the full benefit of digitisation will be seen in FY17.
Hathway Cable has recieved board nod to spin off its broadband business into a wholly-owned subsidiary.
Ortel Communications, which is promoted by BJD‘s Jay Panda is all set to tap the capital markets and raise close to Rs 250 crore.
In an interview to CNBC-TV18, G Subramanium, CFO, Hathway said that there were expectations that cable operators will lose out to the DTH guys in phase II, which has not happened. Cable has done very well in the conversion from analog to digitisation.
G Subramaniam, CFO of Hathway Cable believes Phase II is likely to be less challenging for them. The company has seen substantial rollout of set top boxes in the recent past, informed Subramaniam. He is also hopeful of seeing considerable growth in set top box sales in the second phase of digitisation.
G Subramaniam, CFO, Hathway explains to CNBC-TV18 that the number of subscribers yet to shift to digital cable-TV ahead of the deadline is on the increase. However, he adds that the number of subscribers crossing over to the digital will be considerable as the deadline nears.
G Subramaniam, chief financial officer, Hathway told CNBC-TV18 that relaxation of FDI norms will be of more benefit to media companies in the second phase of digitization than in phase one.
In an interview to CNBC-TV18, G Subramanium, chief financial officer of Hathway says, the company is looking at 2 million subscriber base in phase I. “Along with our JV partners in Kolkata, which will be another 400,000 boxes, we should go upto about two million boxes in the first phase,” he adds.
The biggest challenge, consensus on TRAI’s agenda has been agreed upon. However there is apprehension on the issue of implementation and it is this that can have huge ramifications on the sector and importantly the viewer.
It has already achieved digitalization of 2 million homes on a voluntary basis, which is expected to start monetising once digitalization happens, K Jayaraman, chief executive officer, Hathway Cable told CNBC-TV18.
In an interview with CNBC-TV18, K Jayaraman, chief executive officer and managing director of Hathway Cable & Datacom Limited spoke about the cable digitization bill which is likely to be introduced in parliament on June 30, 2012.
G Subramanium, chief finance officer of Hathway Cable and Datacom, in an interview to CNBC-TV18, said that in a bid to meet March deadline, government is contemplating an ordinance to expedite digitisation.
The FDI hike will result in informed investment in media companies, believed G Subramanium of Hathway Cables.
G Subramaniam, CFO of Hathway, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his perspective of the fourth quarter performance and their divulged future plans.
The television distribution plays are in the spot light with new norms for digitization being laid out starting with the first top four metros by March 2012. G Subramanium the CFO of Hathway in an interview on CNBC-TV18 talks about the latest developments in his sector.