August 2018



Four media companies: Music Broadcast (Radio City), ZEEL, InMobi, and Viacom18 have made it to the Top 100 companies in India to work for, according to "India's Best Companies to Work For 2018" conducted by The Economic Times and Great Place to Work.

Among the 4 media companies, Music Broadcast is the only media company in the top 10 at the eighth position. InMobi is at the 41st position followed by ZEEL (51st), and Viacom18 (71st).

The list also features Atria Convergence and Technologies in the telecommunications category. The fibre broadband provider is at the 38th position in the list.


Sterlite Tech, through its wholly owned Italian subsidiary Sterlite Technologies S.p.A, will acquire 100% stake in Metallurgica Bresciana S.p.A (Italy), in a Euro 47 million all cash deal.

Metallurgica is a privately held company that designs & manufactures special precision optical fibre cables and specialised copper cables for various communication applications.

Metallurgica reported a revenue of Euro 48.7 million and net income of Euro 4.2 million at the close of CY17.

The acquisition will significantly expand Sterlite Tech's market presence in Europe.


Profits of Viacom 18 Media, the 51:49 joint venture (JV) between TV18 and Viacom, have zoomed 270% to ₹ 82.7 crore, for FY 2018.

Viacom 18 Media owns and operates Colors, Rishtey, Rishtey Cineplex, MTV, MTV Beats, Nick, Nick Jr., Sonic, VH1, Comedy Central, Colors Infinity and a regional bouquet of channels.

Revenue from operations rose 21% to ₹ 3685.4 crore. Revenue from ads & distribution increased 13% ₹ 3216.4 crore.

The main spurt of 270% came from film distribution revenue which rose to ₹ 454.4 crore, from hit movies 'Padmaavat' and 'Toilet: Ek Prem Katha.'

The company generated net cash of ₹ 251.4 crore from operating activities compared to ₹ 16.5 crore in the previous fiscal.

In FY18, TV18 Broadcast acquired a 1% additional stake from MTV Asia Ventures (India) Pte. Limited, Mauritius. Reliance now owns 51% of Viacom18 Media. MTV Asia and Nickelodeon Asia hold 41% and 8% stake respectively.


Sachin Tendulkar-backed Indian virtual sports and entertainment company, Smaaash Entertainment Pvt. Ltd, has planned an Initial Public Offering (IPO) to raise ₹ 500 crore from the market, in December 2018.

Founded in 2012 by Shripal Morakhia, Smaaash is also endorsed by Virat Kohli, the captain of the Indian cricket team.

In May, Nasdaq-listed I-Am Capital signed an agreement with Smaaash to acquire a 24.5% stake in the company for $49 million.

Smaaash owns and operates digital entertainment centres for cricket, football, go-karting and bowling, besides virtual games across its 30 centres in India. It also has a centre in the US and plans to expand its services to Dubai, Saudi Arabia and Thailand.


Mukesh Ambani'S wealth now exceeds that of Alibaba group founder Jack Ma, making Ambani the richest person in Asia, with a wealth of $44.3 billion, compared to Jack Ma's $44 billion, soon after the RIL AGM.

In 2018, Mukesh Ambani's wealth grew $4 billion, while that of Jack Ma fell $ 1.4 billion.


Cable TV and broadband service provider Hathway Cable & Datacom's board has approved raising of funds up to ₹ 100 crore through preferential basis to promoter entity Hathway Investments.

The preferential allotment will be issued at price not less than the minimum price determined by Chapter VII of the Securities and Exchange Board of India (Issue of Capital Disclosure Requirements) Regulations, 2009 or at a price of ₹ 32.25, whichever is higher.

The proposal is subject to shareholders and other necessary approvals and compliance with applicable laws and regulations.


Zee Entertainment Enterprises Ltd (ZEEL) reported 15% year on year growth in total revenue for the quarter ended 30 June 2018 (Q1 2019) compared to Q1 2018.

Advertisement revenue increased 18.6% & subscription revenue was up 8.3%.

Total Q1 2019 revenue grew to ₹ 1,772 crore from ₹ 1,540.3 crore in Q1 2018.

EBITDA increased 16.8% to ₹ 565.7 crore. PAT rose 31.4% to ₹ 326.4 crore.

International subscription revenue in Q1 2019 fell 6.6% to ₹ 93.4 crore.

ZEEL MD & CEO Punit Goenka said, "TRAI has notified that the new tariff order will come into effect starting January 2019. We have started discussions with our distribution partners for seamless transition to the new regime. If implemented as envisaged, the regulation would be beneficial for all the stakeholders and could be a catalyst for ARPU growth."


Bharti Telecom (BTL), the promoter firm of Bharti Airtel, is buying out its minority shareholders @ ₹ 196.80 per share.

BTL, which was de-listed in 2000, was engaged in manufacturing electronic push button telephones, telephone answering machines and cordless telephones.

Currently, BTL has 4,942 shareholders holding around 1.09% stake, or 2.85 crore shares of ₹ 10 each. This puts the total amount that BTL is willing to spend at around ₹ 560 crore.

BTL holds a 50.10% stake in Bharti Airtel - India's largest telco.


The Madras High Court has refused to quash the TRAI regulations on access charges levied by owners of Cable Landing Stations, for submarine cables providing international connectivity terminate in the country.

The court however quashed the tariff fixed by TRAI in 2012 slashing charges levied by CLS owners to onetenth of the existing tariff on ground of lack of transparency. It directed the TRAI to redo the process strictly in accordance with the existing laws within 6 months.

A bench of Chief Justice Indira Banerjee and Justice M Sundar upheld the TRAI's powers to enact such regulations.

It was passing orders on writ appeals by the Tata Telecommunication Ltd and Bharti Airtel challenging an earlier order of a single judge who had upheld 3 TRAI regulations of 2007, October 2012 and December 2012.

The appellants, who together own a majority of the 16 CLS in the country, argued that TRAI had fixed the access charges arbitrarily, without appreciating the economic and financial dimension involved.


Anil Ambani's Reliance Big Entertainment's net loss for the fiscal ended 2017 has widened 25.39% to ₹ 553 crore. Revenue has fallen 22% to ₹ 73.92 crore.

Incorporated in 2006, Reliance Big Entertainment is part of Reliance ADAG Group. The company primarily in film production in Hindi and several other Indian languages and distributes them worldwide. n