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Help Hathway Cable needs Rs 7 bn funding for digitisation
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MUMBAI: Hathway Cable & Datacom will require an investment of Rs 6-7 billion to digitise its existing subscriber base if the government mandates the phasing out of analogue cable, a top official said.

In the first phase involving the four metros, India’s leading multi-system operator (MSO) will need Rs one billion. Hathway has cable TV operations in Mumbai and Delhi. In Kolkata, Hathway has a presence through its joint venture company, Gujarat Telelinks Pvt Ltd (GTPL), which acquired a 51 per cent stake in Kolkata Cable and Broadband Pariseva.

“Our requirement in the first phase will be about one million set-top boxes. This would mean a funding need of around Rs 1 billion,” said Hathway Cable & Datacom managing director and CEO K Jayaraman.

Read full story at Indian DTH Blog

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