Article Digicable’s stake in Fastway Transmissions falls to 33%

Akash Modi

Akash Modi

EntMnt Contributor
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MUMBAI: Digicable Network India’s stake in Punjab-based MSO Fastway Transmissions just got smaller. Failing to invest in digital set-top boxes (STBs), Digicable’s holding in Fastway Transmissions has fallen by 16 per cent. The national multi-system operator’s (MSO) stake has, thus, thinned from 49 per cent to 33 per cent in the joint venture (JV) company. “As we went on investing in the digital infrastructure, Digicable could not pump in capital into the JV in proportion to its stake. So it has got partially diluted and currently holds 33 per cent in the company,” Fastway Transmissions founder and managing director Gurdeep Singh told TelevisionPost.com.

Read more at: http://www.televisionpost.com/cable/digicables-stake-in-fastway-transmissions-falls-to-33/ | TelevisionPost.com
 
DashMajor

DashMajor

EntMnt Knight
Digi Cable's days are almost over. They're once walking in the path of leading cable operator but now its synchronize.
 
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