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Eyeing tie-ups to build digital radio platforms: Saregama - Sathish - 07-19-2011

Shares of Saregama India have soared over 4% in today’s trade on acquisition reports. The company had recently acquired 10% stake in Timbre Media to launch several of genre-based digital radio channels on mobile, internet and DTH platforms. In an interview with CNBC-TV18, Apurv Nagpal, managing director, Saregama India, talks about the salient features of the acquisition and other future plans.

Below is the verbatim transcript of his interview with Ekta Batra and Reema Tendulkar. Also watch the accompanying video.

Q: You very recently acquired 10% stake in Timbre Media –Could you tell us how much have you spent for it and, is there any plan to increase your stake in that?


A: It’s too early to make a comment. The number and the deal are confidential, but the intent is to partner with them and have a rich catalogue. We already have one of the largest catalogues in the country communicated across all new digital platforms, including mobile radio, DTH platforms among others.

Read Full Story at Indian DTH Blog