Hathway Cable & Datacom, India’s largest multi-system operator (MSO), has earmarked Rs 700 crore (Rs 7 billion) as capital expenditure for FY16. While cable TV will consume Rs 420 crore (Rs 4.2 billion) at the consolidated level, the MSO will invest Rs 280 crore (Rs 2.8 billion) in broadband, a senior executive said. Carriage revenue in FY16 is expected to either stay flat or see a 5-7 per cent fall. Though Hathway’s placement (carriage) revenue grew 9 per cent to Rs 629.9 crore (Rs 6.3 billion) in FY15, this took into account 15 months of GTPL’s (where Hathway is a JV partner) income.
Read more at: http://www.televisionpost.com/cable/hathway-cable-plans-rs-700-crore-capital-expenditure-in-fy16/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/cable/hathway-cable-plans-rs-700-crore-capital-expenditure-in-fy16/ | TelevisionPost.com
