Caltiger will cease to be a free Internet service provider (ISP) with effect from December 10, ‘01. The ISP will introduce three unlimited access packages under the brandname Caltiger Gold.
Subscribers, who are currently using the free service, will now have to pay Rs 200 for a one-month unlimited package, Rs 1000 for a six-month unlimited package or Rs 1,800 for a 12-month unlimited package.
According to industry sources, the bulk of Caltiger’s free subscriber base is concentrated across the five large metros. About two months ago, the ISP launched a paid service in smaller cities under the brandname ‘BaghNet’ at Rs 6 per hour, along with an unlimited one-year package priced at Rs 2000. ‘BaghNet’ currently has 28,000 subscribers.
Madrid-based venture capital firm Transatlantic Corporation currently has a 22.7 per cent stake in Caltiger, Smifs Capital holds 20 per cent, IIBI and IDBI hold two and one per cent respectively, five per cent is in the form of ESOPs and the balance is held by the promoters, including Mr Silva. The ISP generated revenues of Rs 15 crore for the fiscal ended March 31, ‘01.