Hathway Cable & Datacom Ltd announced its July-September quarter results on Tuesday, October 17, reporting a decline of 33.76 per cent in consolidated net profit of ₹20.03 crore, compared to ₹30.24 crore in the year-ago period. The company's revenue from operations in the second quarter of current fiscal stood at ₹483.79 crore, registering a rise 2.23 per cent, compared to …
4:00 PM Telcos may default on spectrum auction dues over AGR payments: Motilal Oswal The new stress that could now emerge for government and banks despite winning the AGR battle against the telcos in the Supreme Court is the strong possibility of telecom companies defaulting on last spectrum auction dues payment to the tune of Rs 90,000 crore, analyst firm …
New Delhi: Reliance Industries and its group companies have announced an open offer to acquire an additional 26% stake in Hathway Cable and Datacom Ltd. Jio Content Distribution, Jio Internet Distribution Holdings along with Reliance Industries and a clutch of group companies "have announced an open offer for acquisition of up to 46,02,27,170 fully paid up equity shares.from public shareholders …
Reliance Industries Ltd has made two strategic investments in Den Networks Ltd and Hathway Cable and Datacom Ltd. RIL made an investment of ₹ 2,290 crore for 66% stake in Den and ₹ 2,940 crore for 51.3% stake in Hathway. Reliance Jio Infocomm Ltd’s deals with Den Networks Ltd and Hathway Cable and Datacom Ltd may not only allow the …