Cable and DTH companies cannot hold more than 20 per cent stake in each other.
Anil Ambani group firm Reliance Communications will acquire Digicable, the country's largest cable TV service provider, in an all-stock deal believed to be worth about $1 billion.
It may be long overdue, but consolidation in the media sector will happen very slowly and painfully.
In order to take on the competition posed by the direct-to-home (DTH) operators, large cable distribution companies will soon bring in their own digital-quality cable television offerings in select cities at competitive fees and offer quality service support.
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
The most popular list among the shutterbugs this year.
In its bid to grab eyeballs in the regional space, Big Magic rebrands channel, sets up production unit in Patna
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