Thakur
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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.
When Fastway Transmissions started in 2008 as a JV, Singh held 51 per cent stake in the analogue cable business while the rest was with Digicable.
In the digital side of the
business, Singh was a distributor.
“After a year, Digicable had some financial problems.
So we took share in digital as well. In the current shareholding
structure, we hold 67 per cent stake in both analogue and
digital cable,” Singh elaborated. http://www.televisionpost.com/cable/digicables-stake-in-fastway-transmissions-falls-to-33/
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.
When Fastway Transmissions started in 2008 as a JV, Singh held 51 per cent stake in the analogue cable business while the rest was with Digicable.
In the digital side of the
business, Singh was a distributor.
“After a year, Digicable had some financial problems.
So we took share in digital as well. In the current shareholding
structure, we hold 67 per cent stake in both analogue and
digital cable,” Singh elaborated. http://www.televisionpost.com/cable/digicables-stake-in-fastway-transmissions-falls-to-33/
