All Entries Tagged With: "Sudhir Agarwal"
Raising FDI in Media would attract foreign investors: WWIL
Sudhir Agarwal, CEO , WWIL, in an interview with ET Now talks about company’s overall condition and prospect. Excerpts: ET Now: This is a good news for the industry as a whole, FDI in DTH being raised from 49% to 74%, give us a sense of what kind of an impact this could potentially have on WWIL? Sudhir Agarwal: It is a very good and encouraging initiative from the government to raise the current FDI limit across platforms in our industry from 49% to 74% across DTH, IPTV, MSO platforms. As you would know, government recently announced an initiative to digitise the whole country and they came »»»
HITS finds no takers as MSOs await transponders and comprehensive policy
MUMBAI/NEW DELHI: On 31 March, Wire and Wireless (India) Ltd. ended its only Headend-In-The-Sky (HITS) service in the country after making no impact on the market, sinking in losses of over Rs 1 billion. Four months later, the scenario is no different and the technology that would have put digitisation on the fast track stands unused. Several multi-system operators (MSOs) have applied for a HITS licence but are not particularly enthused as they await a more comprehensive policy. “We want the government to allow the DTH signals to be used for HITS. This would save the sector from duplication of »»»
WWIL consumes Rs 2.12 bn from rights issue
MUMBAI: Wire and Wireless (India) Limited (WWIL) has mopped up Rs 2.12 billion from the first tranche of its Rs 4.5 billion rights issue. The remaining amount will pour in by March-end as the Subhash Chandra-promoted cable TV distribution company plans to go aggressive on its Headend-In-The-Sky (HITS) operations. “WWIL has utilised the entire Rs 2.12 billion. The company has repaid Rs 1.6 billion towards unsecured loans. Investment has also been made for HITS and some acquisitions,” WWIL CEO Sudhir Agarwal tells Indiantelevision.com. WWIL has invested Rs 1.5 billion for HITS and is »»»
Delivering a HITS
Going into 2010, television in India is set for a new age of digitisation. With the Union Government approving Headend-In-The-Sky (HITS), the Indian television viewer will soon get a cheaper option to watch digital television. Wire and Wireless India Ltd (WWIL), the country’s first HITS operator, believes this is the next big revolution in Indian television. Sudhir Agarwal, Chief Executive Officer, WWIL, speaks to BrandLine about the advantages of HITS and what it means for customers. What is Headend-In-The-Sky (HITS) and how will it be implemented? When terrestrial broadcasting started it »»»
WWIL targets townships for HITS expansion
With a clear strategy of targeting the 20 million-plus television consumers residing in townships and residential campuses of various government and public sector undertakings, Wire & Wireless India Ltd (WWIL), the country’s first Headend-in-the-Sky (HITS) operator, aims to add up to two million subscribers in the next 12 months, while competing with existing direct-to-home (DTH) operators. WWIL, which has around 10 million cable subscribers (both analogue and digital), expects to invest Rs 300-400 crore over next year to expand its HITS operation across the country under the brand name “SITI »»»
