Hathway Cable & Datacom Ltd Management Discussions.india Infoline #In_India

Hathway Cable & Datacom Ltd Management Discussions.india Infoline #In_India

May 30, 2019 0 By NewsTakers

This segment
could, on the back of digital and micro payment systems being rolled out in the country,
reach as high as 20 Mn households from 6 Mn in 2017.
Mobile internet subscribers grew at a CAGR of 18.9% from 220.4
Mn in 2013 to 424.7 Mn in 2017.
During the same period, the
country’s fixed broadband penetration of households will increase from 6.8% to 7.4%
in CY2018 driving the growth in India’s fixed broadband subscriber base at a CAGR of
10.4% from 17.86 Mn subscribers in 2017 to 32.4 Mn subscribers by 2022.
The distribution segment in India has an estimated 60,000 local cable operators (LCOs)
and more than 1,469 multi-service operators (MSOs).
Hathway Cable & Datacom Limited, is one of India’s leading Broadband players
having 5.2 Mn Home passes and 0.8 Mn subscriber base.
2) During the year, your company has increased the penetration in Hathway Connect to
2/3rd of its total base which have helped company to achieve 55% of collection through
online payment mechanism on the above base.
Out of the total MSO cable broadband subscribers, the Company has a market share of
7.2 Mn digital subscribers base; Offers its cable television services across 350+
cities and towns, operating in pan India regions??
Increase in Media content through OTT
platform main driver for online content consumption.??
Technology Changes will lead to upgradation Cable:Cable: ??

Reliance acquired an additional 20.61% stake in Hathway through an open offer worth ₹1,180.42 crore (US$170 million) in March 2019, taking its total stake in the company to 71.95%.[8][9]

It has around 11 million subscribers, out of which around 1.77 million have the availability of broadband. Out of this, about 430,000 subscribers are using Hathway’s broadband services.

Source link