News Hathway Cable becomes India's first $1bn enterprise valuation MSO

IndianMascot

IndianMascot

Core Member
MUMBAI: New year celebrations don’t seem to have ended at the Raheja group company and multi system operator Hathway Cable & Datacom. The MSO has become the first company from the cable TV industry to have crossed the $1 billion mark in terms of enterprise valuation.

At the time of filing the report, as on 6 January 2015, (1 USD= 63.4286 INR mid- market rate), the total valuation of the company including market cap (Rs 5581 crore) and debt (Rs 806 crore) and excluding cash and cash equivalents was close to $ 1 billion (Rs 6387 crore).

Hathway Cable & Datacom MD and CEO Jagdish Kumar Pillai is over the moon with this feat. Says he, “This achievement has got more to do with the potential of the Indian cable TV market, and not just with what Hathway does.”

For Pillai, digitisation has opened up the potential of unlocking the value that Indian cable TV industry holds. “With broadband and cable TV getting more transparent, the market is viewing this as a great industry to invest in the next five years, and that’s reflected in the balance sheet. It is a promise of a good potential,” he opines.



Indian Television Dot Com | Hathway Cable becomes India's first $1bn enterprise valuation MSO
 
DashMajor

DashMajor

EntMnt Knight
They're popular no doubt about that and their popularity extended more because of STAR controversy
 
IndianMascot

IndianMascot

Core Member
And the PQ you Den is really impressive. I was in a shop in Vashi few days back and experienced it on a 32" LED and really impressed with the picture quality.
 
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