News IMCL acquires a cable network in Bengaluru; Grant Investrade awaits final clearance for HITS

Deepu

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Hinduja Ventures Ltd (HVL), which is in the process of setting up a headend-in-the sky (HITS) service under its wholly owned subsidiary Grant Investrade Ltd (GIL), is awaiting final government clearances for the project and has placed orders for the equipment.

HVL has acquired the digital addressable cable TV network business of Bengaluru-based Mplex Networks Pvt Ltd for Rs 35 crore (Rs 350 million). The deal includes digital cable rights in Bengaluru and Mysore along with certain fixed assets pertaining to CATV business.

Read more at: http://www.televisionpost.com/cable/imcl-acquires-a-cable-network-in-bengaluru-grant-investrade-awaits-final-clearance-for-hits/ | TelevisionPost.com
 
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