Top Story

e4m_logo.png

Home >> International >> Article

Hinduja TMT plans to expand its business

29-June-2001
Font Size   16
Share
Hinduja TMT plans to expand its business

Hinduja TMT Limited has worked out an expansion strategy. The company plans to offload 20 per cent stake to strategic partners in its cable subsidiary IndusInd Media Communication, raise Rs 11 crore in its second subsidiary In2cable.com, and go for a private placement in the holding company HTMT.

IndusInd Media Communications, which owns InCablenet, is aiming at the cities where other multi-system cable operators like Siti Cable and Win Cable are not present. As suggested by PwC, the company is looking at smaller cities with a population of about five lakhs.

The business plan for IndusInd Media Communication includes, improving franchisee-operator relationship and introducing addressability on the cable network. However, incorporation of strategic partners in IndusInd Media Communication will need Intel’s approval, which has invested around Rs 230 crores in the company and holds about 3.3 per cent stake.

HTMT’s ISP subsidiary, In2cable.com, too is spreading its wings in the cities other than Mumbai, Hyderabad, Bangalore, Delhi, Ahmedabad, Nagpur and Belgaum. In these cities, as an ISP it also runs cyber cafes. Talks are on with some investment funds and the deal is expected to be signed within three months.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016