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TMG to invest Rs 50 crores, set up linking facility

16-June-2001
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TMG to invest Rs 50 crores, set up linking facility

Technology Media Group (TMG), plans to invest Rs 40-50 crores over two years in India. The company will be investing in a new print product, setting up uplinking centre, commissioning one hour slots for programmes in regional languages including Bengali, Malayalam and Kannada.

The investment will be from the second round of funding by venture capitalists and through internal sources. The company has a television channel (TMG Enter), a B2B portal (IndianITonline) and a monthly magazine (CIO).

The company has already applied for an uplinking facility from India, and the earth station will be in place latest by September this year.

TMG Enter, the free-to-air 24 hour channel, is in talks with broadcasters for commissioning IT content in local languages. The company expects to break-even during this year.

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