February 01, 2015 8:31 AM ET

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Company Overview of Hathway Cable & Datacom Ltd.

Company Overview

Hathway Cable & Datacom Limited, a multi system operator, is engaged in the distribution of television (TV) channels through analog and digital cable distribution network; and Internet services through cable. The company offers digital cable TV services; customer premise equipment, including standard, personnel video recorder, and high definition (HD) set top boxes; and HD cable services. It also provides home and business broadband services; and operates Hathway Music, a Hindi music channel, as well as operates various local channels. The company offers its services in 160 cities and towns in 20 states in India. As of March 31, 2014, it had approximately 11.5 million cable TV subscribers; a...

Rahejas

4th Floor

Corner of Main Avenue & V. P. Road

Santacruz (West)

Mumbai,  400054

India

Founded in 1959

Phone:

91 22 2600 1306

Fax:

91 22 2600 1307

Key Executives for Hathway Cable & Datacom Ltd.

Chief Executive Officer
Age: 52
Total Annual Compensation: $21.1M
Compensation as of Fiscal Year 2014.

Hathway Cable & Datacom Ltd. Key Developments

TS Panesar Joins Hathway Cable & Datacom as Head-Video Business

TS Panesar, who recently quit Star India as EVP distribution has joined Hathway Cable & Datacom as head-video business. Panesar, who joined the company on 8 December. Panesar had been entrusted with the responsibility of handling distribution for national DTH and digital addressable systems (DAS) earlier the year 2014 when the JV between Star and Zee- MediaPro was broken.

Hathway Cable & Datacom Ltd. Announces Amendments to the Memorandum of Association

Hathway Cable & Datacom Ltd. at its board meeting held on November 13, 2014, approved the consequential amendments to the Memorandum of Association of the company.

Hathway Cable & Datacom Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2014

Hathway Cable & Datacom Ltd. announced unaudited standalone earnings results for the second quarter and half year ended September 30, 2014. For the quarter, the company reported net sales/income from operations of INR 2,627.543 million compared to INR 2,193.273 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 107.553 million compared to INR 129.073 million a year ago. Loss from ordinary activities before tax was INR 392.605 million compared to INR 444.489 million a year ago. Net loss was INR 392.606 million compared to INR 444.489 million a year ago. Basic and diluted LPS before and after extraordinary items was INR 2.56 compared to INR 3.08 a year ago. EBITDA before other income was INR 400 million against INR 384 million a year ago. EBITDA after other income was INR 423 million against INR 402 million a year ago. EBITDA, net of activation fees was INR 179 million compares with INR 129 million a year ago. For the half year, the company reported net sales/income from operations of INR 5,123.362 million compared to INR 4,511.601 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 146.394 million compared to profit from operations before other income, finance cost and exceptional items of INR 216.416 million a year ago. Loss from ordinary activities before tax was INR 401.850 million compared to INR 391.259 million a year ago. Net loss was INR 401.850 million compared to INR 391.259 million a year ago. Basic and diluted LPS before and after extraordinary items was INR 2.62 compared to INR 2.71 a year ago. EBITDA before other income was INR 839 million against INR 1,145 million a year ago. EBITDA after other income was INR 882 million against INR 1,172 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 10, 2014
--
Private Placement
August 7, 2014
--
 

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