Tag Archives: SITI Cable

Siti Cable seeds 400000 STBs in Q2

Siti Networks, the Essel Group-owned company has revealed a growth of 4.85% in its fiscal Q2. Its digital subscriber base has increased to 8.7 million following the addition of 400000 set-top boxes (STBs) during the last three months which ended on September 30. The number of STBs seeded have been the same as the previous [...]

Siti Cable to be renamed soon

Siti Cable Network, the multi-system operator (MSO) in India, will soon change the name of the company to Siti Networks Limited. This has been decided after seeking the approval from its shareholders. Casting of votes are open to shareholders who wish to go ahead with the renaming or not. In addition to conventional method of [...]

MIB issues provisional MSO licences to Hathway and Siti joint venture

The joint venture companies of multi-system operators (MSO) Hathway Cable and Datacom and Siti Cable have received provisional MSO licences from the Ministry of Information & Broadcasting (MIB). Hathway CCN Entertainment, the joint venture company of Hathway in Chhattisgarh has also received provisional licence for the state of Chhattisgarh. The two registrations are part of [...]

Siti Cable acquires 50% stake in MSO Assam

Siti Cable acquired 50% stake in Assam-based independent multi-system operator (MSO) Axom Communications & Cable (ACC). The acquisition is made through Siti Cables subsidiary Indian Cable Net Company Ltd (ICNCL. ACC, which is now an equal Joint Venture between the two companies will be named ACC Siti.   Siti Cable has acquired 50% in Axom. [...]

Siti Cable pays around US$ 36 per subscriber for digital acquisition

Siti Cable Network paid around INR 2500(US$ 36) per subscriber to acquire a digital network. The multi-system operator (MSO) recently acquired 76% stake in Mumbai-based Scod18 Networking and 51% of Vadodara-based Sai Star Digital Media to take its total subscriber base to an estimated 12 million, up from 10.7 million. These two acquisitions are strategic [...]

Siti Cable and Dish TV shaping their joint venture for content deals

The two distribution platforms of Essel Group, Siti Cable Network and Dish TV are finally shaping their joint venture company named C&S Medianet Pvt Ltd. The new entity will liaise with broadcasters together for content deal that will be favorable for the two distribution platforms. The two companies believe that the joint Venture will reap [...]

Siti Cable set to acquire stakes in seven MSOs

Siti Cable Network from Essel Group is well set to acquire seven multi-system operators (MSO), including Scod18 Networking to boost up its presence in Mumbai. Siti Cable Network is also planning to raise up to INR 680 crore (US$ 102m ) through issuance of warrants and optionally fully convertible debentures (OFCDs) to promoter companies. Siti [...]

Siti Cables Q1 EBITDA rises 18.7% q-o-q; net loss widens

Siti Cable Network Ltd, the Essel Group-owned multi-system operator reported an 18.69% rise in EBITDA at INR381 million for the quarter that ended June, 2015. Its EBITDA was at INR321 million in the fourth quarter of the last financial year. The companys revenue for the first quarter of 2015 was at INR729 million. The MSOs [...]