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WWIL secures financing for digital set top box roll out

Indian multi system operator Wire and Wireless (India) Ltd has agreed INR2.5 billion worth of financing and is now set to deploy 2.5 million set top boxes (STBs) in Delhi, Mumbai and Kolkata.

The WWIL roll out, part of the first phase of cable TV digitisation in India's metros, will be overseen by new chief operating officer Anil Malhotra, who previously worked with rival MSO Digicable.

Indian Television quotes Malhotra as saying: "We are importing 2.5 million STBs and have obtained line of credit. We have a presence in three of the metros that fall under the first phase of digitisation, unlike many of the other MSOs who have a footprint in two of them. We are positive about digitisation."

WWIL is also reducing its head ends and centralising them, eventually replacing them with one national digital head end, he added.

WWIL was reportedly in debt to the tune of INR 3.3 billion as of 30 September 2011. In the last fiscal year, ending 31 March 2011, its consolidated operating revenue was INR 3.06 billion, up 12% on the previous year, and its net loss was posted at INR 659.2 million.

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