button googleplaybutton appstorebutton blackberry




General news

Reliance Industries subsidiary buys into Indian MSO Den

A 1.14% stake of Indian multi system operator (MSO) Den Networks has been bought by Reliance Strategic Investments, a subsidiary of Reliance Industries (RIL).

"This may be the beginning of strategic investments in cable distribution companies as they will need huge sums to invest in digitisation, as mandated by the government," Devendra Parulekar, partner at Ernst & Young India told the Economic Times.

The cable digitisaton of India's metros is set for June 2012. Then, cities with a population of one million are to be digitised by 31 March 2013. Remaining urban areas are set to follow by 30 September 2014, while the entire country's cable network is due to be digitised by 31 December 2014.

The investment in Den follows the recent sale of RIL's stake in the Eenadu regional TV channels (which operate under the ETV brand) to TV18 Broadcast, part of the Network18 media conglomerate. The deal will provide RIL with preferential access to content from both Network18 and its subsidiaries, such as TV18 channels and a host of digital media assets.

Den Networks, along with Hathway, are the only two listed cable distribution companies in India.

Post your comments

    Most read news

    • Last 7 days
    • Last 30 days
    • Always
    Indian direct to home (DTH) satellite TV operator Videocon d2h is adding Zee TV's high definition (HD) entertainment channel to its...
    Subhash Chandra, the chairman of Dish TV's parent company Essel Group, is looking to work with UAE authorities to stop residents...
    India's Information and Broadcasting ministry has asked the Telecom Regulatory Authority of India (TRAI) to come up with measures to...
    Pay-TV channels are to be added to Arasu Cable TV’s free to air package, which was re-launched by Tamil Nadu Government earlier this...
    A device to inject new life into the tablet industry in India has been launched by the Indian government at a subsidised price of just...
    India's 9X Media is to launch a new 24 hour Marathi music channel called 9X Jhakaas on 31 October, in what is set to be the first of...