Tag Archives: SITI Cable

Siti Cable’s 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 [...]

MIB grants provisional registration to 60 MSOs

  Ministry of Information and Broadcasting has given provisional registration to as many as 60 multi-system operators, mostly in the regions coming under the third phase of DAS, Digi Home Cable Entertainment India private limited from Mumbai, Sumangala Enterprises from Gulbarga, Karnataka, Manthan Broadband Services Pvt. Ltd and Reliance Jio Media Private Limited are among [...]

Siti Cable wins MHA security clearance

Ministry of Information & Broadcasting (MIB) has announced that Siti Cable has won security nod from the Ministry of Home Affairs. The clearance takes the Subhash Chandra-promoted cable company a step closer to receiving a permanent multi-system operator licence. Siti Cable representative Vishwa Bandhu Sharma was informed of the MHAs decision at the third Open [...]

IndiaCast turns off signals to Siti Cable over outstanding dues

IndiaCast Media Distribution has turned off signals to Siti Cable over non-payment of dues. Both digital addressable system (DAS) and analogue areas of the multi-system operator will no longer receive channels from the channel distributor. According to IndiCast, the MSO did not renew its agreement and has outstanding dues. The company distributes 49 channels from [...]

HDFC Mutual Funds buy Siti Cable shares

HDFC Mutual Fund has bought nine million shares of Siti Cable for about 311.8 million from open market. Siti Cable shares were priced at INR34.65 per unit at the National Stock Exchange. HDFC MF had earlier sold 5,21,300 shares of Ortel Communications at about INR93.83 million, reports Television Post. Goldman Sachs India Fund has sold [...]

Siti Cable raises INR2.21 billion through QIP

Siti Cable has raised INR2.21 billion through Qualified institutional placement (QIP). It has issued over 63.17 million shares at INR35 per share. It had earlier planned to raise over INR2.50 billion. The firm will utilise the funds for expansion of digital cable television and broadband footprint. HDFC Trustee Company along with its sister concerns has [...]

TDSAT issues notice to Siti Cable for denying to carry Positiv TV

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has issued a notice to Siti Cable for denying to transmit Positiv TV, a television news network. TDSAT has directed the multi-system operator to respond within two weeks. Positiv TV runs a suite of six news channels namely Focus News, Focus Haryana, Focus NE, Focus Hi Fi, Focus [...]

Siti Cable registers INR 2bn revenue in Q2 FY 2015

Siti Cable has generated an operating revenue of INR 2.19 billion in the second quarter 2014-15 as against INR 1.61 billion in the Q2 FY 2014. The MSO has posted an operating profit of INR 458 million in Q2 FY 2015 as compared to INR 330 million in Q2 FY 2014. The companys subscription revenue [...]