GTPL Hathway acquires ACT Group's cable TV business for Rs 36 crore

GTPL Hathway Ltd has announced the acquisition of the cable television business of seven companies belonging to the ACT Group for an aggregate cash consideration of Rs 36.23 crore, strengthening its footprint in southern India and expanding its subscriber base.

The company informed stock exchanges on Tuesday that it has entered into a Business Transfer Agreement (BTA) with seven ACT Group entities to acquire their cable television operations through a slump sale transaction on a going-concern basis.

The acquisition covers the cable TV businesses of A.C.N Cable Private Limited, ACT Digital Home Entertainment Private Limited, Atria Broadband Services Private Limited, Kable First India Private Limited, Sri Venkateshwara Digital Home Entertainment Private Limited, Mandapeta Digital Entertainment Private Limited and I.B. Communications Network Private Limited.

Collectively, these businesses serve approximately six lakh cable television subscribers across multiple cities in Andhra Pradesh, Telangana, Odisha and Karnataka, providing GTPL with a significant opportunity to deepen its presence in key southern markets.

The transaction is expected to be completed by September 15, 2026, and does not require any governmental or regulatory approvals, the company said.

Strategic Expansion in Cable TV Segment

The acquisition comes as part of GTPL Hathway's broader strategy to strengthen and expand its cable television business amid increasing competition from direct-to-home (DTH) operators and streaming platforms.

Industry observers note that the deal will enable GTPL to gain immediate scale in regions where ACT Group has established subscriber relationships and distribution networks. The addition of nearly six lakh subscribers is expected to bolster GTPL's market position in India's fragmented cable television landscape.

The transaction also reflects ongoing consolidation within the cable distribution sector, where operators are seeking scale efficiencies, stronger regional presence and improved monetisation opportunities.

Businesses Acquired Generated Over Rs 1,640 Million Revenue in FY26

The acquired entities collectively reported turnover of more than Rs 1,640 million during FY26.

Among the acquired businesses, A.C.N Cable Private Limited reported FY26 turnover of Rs 722.52 million, while ACT Digital Home Entertainment Private Limited recorded revenue of Rs 669.42 million.

Other companies included in the transaction reported FY26 turnover as follows:

• Atria Broadband Services Private Limited: Rs 95.34 million
• I.B. Communications Network Private Limited: Rs 60.61 million
• Sri Venkateshwara Digital Home Entertainment Private Limited: Rs 37.93 million
• Kable First India Private Limited: Rs 35.76 million
• Mandapeta Digital Entertainment Private Limited: Rs 21.31 million

While some of the acquired entities have witnessed a gradual decline in revenues over the past three financial years, they continue to maintain substantial subscriber bases and local distribution infrastructure, making them strategically valuable assets for GTPL.

No Related-Party Involvement

GTPL Hathway clarified that the acquisition does not constitute a related-party transaction. The company further stated that none of its promoters, promoter group entities or group companies have any interest in the ACT Group entities involved in the transaction.

The deal is expected to enhance GTPL's operational scale and strengthen its leadership position in the cable television distribution business, particularly in southern India, at a time when operators are increasingly focusing on regional consolidation and subscriber retention strategies.