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{{ | {{Short description|Indian cable TV service operator}} | ||
{{for|the surname|Hathway (surname)}} | {{for|the surname|Hathway (surname)}} | ||
{{Use Indian English|date=January 2016}} | {{Use Indian English|date=January 2016}} | ||
{{Use dmy dates|date=January 2016}} | {{Use dmy dates|date=January 2016}} | ||
{{ | {{More citations needed|date=July 2022}} | ||
{{Infobox company | {{Infobox company | ||
| name = Hathway | | name = Hathway | ||
| logo = Hathway Cable & Datacom logo.svg | | logo = Hathway Cable & Datacom logo.svg | ||
| logo_size = 250px | | logo_size = 250px | ||
| logo_alt = | | logo_alt = | ||
| type = Public company | | type = [[Public company|Public]] | ||
| traded_as = {{NSE|HATHWAY}} {{BSE|533162}} | | traded_as = {{NSE|HATHWAY}} {{BSE|533162}} | ||
| location_city = [[Mumbai|Mumbai, Maharashtra]] | | location_city = [[Mumbai|Mumbai, Maharashtra]] | ||
| location_country = | | location_country = India | ||
| founder = Pheroza Billimoria | | founder = {{ubl|Pheroza Billimoria|Roopesh Rao}} | ||
| owner = [[Reliance Industries]] ( | | owner = [[Reliance Industries]] (71.95%)<ref>{{Cite web |date=2018-10-26 |title=How RIL's acquisition of Hathway Cable, DEN Networks hurts rivals |url=https://www.businesstoday.in/industry/telecom/story/how-ril-acquisition-of-hathway-cable-den-networks-hurts-rivals-150287-2018-10-26 |access-date=2024-07-01 |website=Business Today |language=en}}</ref> | ||
| area_served = | | area_served = India | ||
| industry = Telecommunications | | industry = [[Telecommunications]] | ||
| products = {{Unbulleted list|[[Cable television]]|[[Broadband Internet]] | | products = {{Unbulleted list|[[Cable television]]|[[Broadband Internet]]|[[Home networking]]|[[FTTH]]|[[Internet service provider]]}} | ||
| homepage = {{URL | | homepage = {{official URL}} | ||
| Electronic City = | | Electronic City = | ||
}} | }} | ||
'''Hathway Cable & Datacom Ltd''', formerly | '''Hathway Cable & Datacom Ltd''', formerly BITV Cable Networks, is an Indian [[cable television]] and [[broadband]] service provider based in [[Mumbai]].<ref>{{cite web|url=http://www.hathway.com/corporate/pdfs/annual-2009-10.pdf|title=Hathway Cable & Datacom Ltd Annual Report 2009-2010|access-date=4 June 2011|url-status=dead|archive-url=https://web.archive.org/web/20111005075236/http://www.hathway.com/corporate/pdfs/annual-2009-10.pdf|archive-date=5 October 2011|df=dmy-all}}</ref><ref>{{Cite web |last= |date=2023-10-17 |title=Hathway Cable Q2 Results: Net profit falls 33.7% to ₹20 cr, revenue up 2% YoY |url=https://www.livemint.com/companies/company-results/hathway-cable-q2-results-net-profit-falls-33-7-to-rs-20-crore-revenue-up-2-yoy-11697554925572.html |url-status=live |archive-url=https://web.archive.org/web/20231019030209/https://www.livemint.com/companies/company-results/hathway-cable-q2-results-net-profit-falls-33-7-to-rs-20-crore-revenue-up-2-yoy-11697554925572.html |archive-date=2023-10-19 |access-date=2024-04-23 |website=[[Mint (newspaper)|Mint]] |language=en-IN}}</ref> It was the first company to provide Internet using the [[Cable television|CATV network]] in India, and the first cable operator to launch a digital platform in 2006.<ref>{{Cite web |last=Major |first=Rose |date=2009-03-12 |title=Hathway offers India's first cable PVR |url=http://www.rapidtvnews.com/index.php/200903123356/hathway-offers-indias-first-cable-pvr.html |url-status=dead |archive-url=https://web.archive.org/web/20101018054031/http://www.rapidtvnews.com/index.php/200903123356/hathway-offers-indias-first-cable-pvr.html |archive-date=2010-10-18 |website=Rapid TV News}}</ref> Hathway Broadband Internet was the first cable [[Internet service provider|ISP]] in India. Business India Television (BITV) Cable Networks Pvt Ltd was acquired by Hathway in 1999. As of 2007, the company had a 51% stake in Bhupendran Bhaskar Multinet and a 50% stake in Gujarat Telelinks Pvt Ltd (GTPL).<ref>{{Cite web|title=Home {{!}} GTPL|url=https://www.gtpl.net/|access-date=2020-11-25|website=www.gtpl.net|archive-date=1 November 2020|archive-url=https://web.archive.org/web/20201101101114/https://www.gtpl.net/|url-status=live}}</ref><ref>{{Cite web |title=GTPL about |url=https://www.gtpl.net/about}}</ref> In 2011, Hathway GTPL entered Assam with an MoM with V&S Cable Pvt Ltd, and started operations in West Bengal as they acquired KCBPL (Kolkata Cable & Broadband Pariseva Ltd) to create a subsidiary, GTPLKCBPL, responsible for providing services in [[West Bengal]].<ref>https://www.goodreturns.in/company/gtpl-hathway/history.html {{Webarchive|url=https://web.archive.org/web/20190406093306/https://www.goodreturns.in/company/gtpl-hathway/history.html |date=6 April 2019 }} History of GTPL Hathway</ref> | ||
Business India Television (BITV) Cable Networks Pvt Ltd was acquired by Hathway in 1999. As of 2007, the company had a 51% stake in Bhupendran Bhaskar Multinet and 50% stake in Gujarat Telelinks Pvt Ltd (GTPL).<ref>{{Cite web|title=Home {{!}} GTPL|url=https://www.gtpl.net/|access-date=2020-11-25|website=www.gtpl.net}}</ref> In 2011, Hathway GTPL entered | |||
==Other services== | ==Other services== | ||
In the second half of 2011, Hathway launched its HDTV services in [[Mumbai]], [[Hyderabad]], [[Bangalore]], [[Chennai]], [[Indore]], [[Kolkata]]; in [[Gujarat]] in 2013, and | In the second half of 2011, Hathway launched its HDTV services in [[Mumbai]], [[Hyderabad]], [[Bangalore]], [[Chennai]], [[Indore]], [[Kolkata]]; in [[Gujarat]] in 2013, and [[Odisha]] in 2015. Their new '''''HD DVR''''' [[set-top box]] initially provided 8 HD channels, with availability increasing to sixteen in March 2012. There are thirty channels available as of 2020. With this addition, Hathway is now the provider with the most HD channels in its Indian market.{{citation needed|date=November 2020}} | ||
Hathway Broadband Internet was one of the earliest cable ISP services in the Indian cities of [[Delhi]], Mumbai, Indore, [[Bhopal]], [[Lucknow]] and [[Kolkata]]. As of | Hathway Broadband Internet was one of the earliest cable ISP services in the Indian cities of [[Delhi]], Mumbai, Indore, [[Bhopal]], [[Lucknow]] and [[Kolkata]]. As of 2024, the highest possible speed provided via fiber is 300 Mbit/s. It uses [[Cisco]]'s [[DOCSIS|Docsis]] 3 technology in three cities, where the speeds exceed 50 Mbit/s. | ||
There are around 11 million subscribers, of which around 1.77 million currently have wireless/broadband internet available. Approximately 430,000 of these users are using Hathway broadband services. | There are around 11 million subscribers, of which around 1.77 million currently have wireless/broadband internet available. Approximately 430,000 of these users are using Hathway broadband services. | ||
Hathway was the first Indian digital cable service provider to release [[digital video recorder]] (DVR) services, on March 12, 2009, powered by [[ | Hathway was the first Indian digital cable service provider to release [[digital video recorder]] ('''DVR''') services, on March 12, 2009, powered by [[Cisco Videoscape|NDS]] XTV.<ref>{{Cite press release|url=https://www.businesswire.com/news/home/20090311005058/en/Hathway-Indian-Digital-Cable-Service-Provider-Launch|title=Business Wire Hathway Press Release|access-date=16 Dec 2020|archive-date=16 July 2022|archive-url=https://web.archive.org/web/20220716085150/https://www.businesswire.com/resourcenotfound|url-status=live}}</ref>{{primary source inline|date=August 2023}} | ||
== Acquisition by Reliance Industries == | == Acquisition by Reliance Industries == | ||
Hathway was the [[multi-service operator]] owned by the | Hathway was the [[List of multiple-system operators|multi-service operator]] owned by the Rajan Raheja Group.<ref name=":22">{{Cite book|last=Kohli-Khandekar|first=Vanita|title=The Indian Media Business|publisher=[[SAGE Publications]]|year=2003|isbn=978-0-7619-9650-7|location=|pages=90|language=en}}</ref> In 2003, it stood as one of the largest multi-system operators in India alongside the [[Hinduja Group]] companies of RPG Cable and InCablenet, and the [[Essel Group]] controlled [[Siti Networks]],<ref name=":22"/> and also one of the three major cable distributors in India alongside [[DEN Networks]] and InCablenet.<ref name=":3">{{Cite book|last=Kohli-Khandekar|first=Vanita|title=The Indian Media Business|publisher=[[SAGE Publications]]|year=2003|isbn=978-0-7619-9650-7|location=|pages=67|language=en}}</ref> | ||
On October 17, 2018, [[Reliance Industries]] announced that it had acquired a 51.34% stake in Hathway for {{INRConvert|2940|c}}.<ref>{{cite web |title=Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway |url=https://www.businesstoday.in/top-story/reliance-acquires-58.92-stake-in-den-networks-51.34-share-in-hathway/story/286130.html |website=Business Today |access-date=7 April 2019}}</ref><ref>{{cite web |author1=Reliance |title=Reliance Media Release|url=http://www.ril.com/getattachment/30b9a86d-eb92-4ac6-8a20-62fbbdef58b2/RIL-announces-strategic-investment-in-and-partners.aspx/idcplg?IdcService=GET_FILE&dDocName=APRODCT000702&RevisionSelectionMethod=Latest&Rendition=primary |website=ril.com |access-date=11 Jan 2019 |format=PDF |date=17 October 2018}}</ref><ref>{{cite web |last1=Kundu |first1=Rhik |title=What Hathway and Den deals mean for Reliance Jio |url=https://www.livemint.com/Companies/CbIho0Mzxon95xTKoUh2EL/What-Hathway-and-Den-deals-mean-for-Reliance-Jio.html |website=Mint |access-date=7 April 2019 |language=en |date=19 October 2018}}</ref> The acquisition received approval from the [[Competition Commission of India]] in January 2019.<ref>{{cite | On October 17, 2018, [[Reliance Industries]] announced that it had acquired a 51.34% stake in Hathway for {{INRConvert|2940|c}}.<ref>{{cite web |title=Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway |url=https://www.businesstoday.in/top-story/reliance-acquires-58.92-stake-in-den-networks-51.34-share-in-hathway/story/286130.html |website=Business Today |date=23 October 2018 |access-date=7 April 2019 |archive-date=17 November 2020 |archive-url=https://web.archive.org/web/20201117083853/https://www.businesstoday.in/top-story/reliance-acquires-58.92-stake-in-den-networks-51.34-share-in-hathway/story/286130.html |url-status=live }}</ref><ref>{{cite web |author1=Reliance |title=Reliance Media Release |url=http://www.ril.com/getattachment/30b9a86d-eb92-4ac6-8a20-62fbbdef58b2/RIL-announces-strategic-investment-in-and-partners.aspx/idcplg?IdcService=GET_FILE&dDocName=APRODCT000702&RevisionSelectionMethod=Latest&Rendition=primary |website=ril.com |access-date=11 Jan 2019 |format=PDF |date=17 October 2018 |archive-date=11 January 2019 |archive-url=https://web.archive.org/web/20190111175635/http://www.ril.com/getattachment/30b9a86d-eb92-4ac6-8a20-62fbbdef58b2/RIL-announces-strategic-investment-in-and-partners.aspx/idcplg?IdcService=GET_FILE&dDocName=APRODCT000702&RevisionSelectionMethod=Latest&Rendition=primary |url-status=live }}</ref><ref>{{cite web |last1=Kundu |first1=Rhik |title=What Hathway and Den deals mean for Reliance Jio |url=https://www.livemint.com/Companies/CbIho0Mzxon95xTKoUh2EL/What-Hathway-and-Den-deals-mean-for-Reliance-Jio.html |website=Mint |access-date=7 April 2019 |language=en |date=19 October 2018 |archive-date=9 November 2020 |archive-url=https://web.archive.org/web/20201109032047/https://www.livemint.com/Companies/CbIho0Mzxon95xTKoUh2EL/What-Hathway-and-Den-deals-mean-for-Reliance-Jio.html |url-status=live }}</ref> The acquisition received approval from the [[Competition Commission of India]] in January 2019.<ref>{{cite news |last1=Laghate |first1=Gaurav |title=Reliance Industries gets CCI nod to acquire Hathway, DEN |url=https://economictimes.indiatimes.com/markets/stocks/news/reliance-industries-gets-cci-nod-to-acquire-hathway-den/articleshow/67643807.cms |website=The Economic Times |access-date=7 April 2019 |date=22 January 2019}}</ref> Reliance acquired an additional 20.61% stake in Hathway through an open offer worth {{INRConvert|1180.42|c}} in March 2019, taking its total stake in the company to 71.95%.<ref>{{cite web |title=Reliance Jio acquires another 12% of Den Networks |url=http://www.indiantelevision.com/cable-tv/multi-system-operators/reliance-jio-acquires-another-12-of-den-networks-190309 |website=Indian Television Dot Com |access-date=7 April 2019 |language=en |date=9 March 2019}}</ref><ref>{{cite web|title=Reliance increases shareholding in DEN, Hathway, GTPL through open offer Ashwini|url=https://www.televisionpost.com/reliance-increases-shareholding-in-den-hathway-gtpl-through-open-offer/|website=TelevisionPost|access-date=7 April 2019|date=11 March 2019|archive-date=7 April 2019|archive-url=https://web.archive.org/web/20190407031211/https://www.televisionpost.com/reliance-increases-shareholding-in-den-hathway-gtpl-through-open-offer/|url-status=live}}</ref> | ||
==References== | ==References== | ||
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==External links== | ==External links== | ||
* {{Official website|http://www.hathway.com/}} | * {{Official website|http://www.hathway.com/}} | ||
{{Network 18}} | {{Network 18}} | ||
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[[Category:Cable television companies of India]] | [[Category:Cable television companies of India]] | ||
[[Category:Reliance Media]] | [[Category:Reliance Media]] | ||
[[Category: | [[Category:Companies with year of establishment missing]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||
[[Category:Reliance Industries]] | |||
[[Category:Internet service providers of India]] | |||
Latest revision as of 08:03, 3 January 2026
This article needs additional citations for verification. (July 2022) |
| Traded as | NSE: HATHWAY BSE: 533162 |
|---|---|
| Industry | Telecommunications |
| Founder(s) |
|
| Headquarters | , India |
Area served | India |
| Products | |
| Owner | Reliance Industries (71.95%)[1] |
| Website | {{URL|example.com|optional display text}} |
Hathway Cable & Datacom Ltd, formerly BITV Cable Networks, is an Indian cable television and broadband service provider based in Mumbai.[2][3] It was the first company to provide Internet using the CATV network in India, and the first cable operator to launch a digital platform in 2006.[4] Hathway Broadband Internet was the first cable ISP in India. Business India Television (BITV) Cable Networks Pvt Ltd was acquired by Hathway in 1999. As of 2007, the company had a 51% stake in Bhupendran Bhaskar Multinet and a 50% stake in Gujarat Telelinks Pvt Ltd (GTPL).[5][6] In 2011, Hathway GTPL entered Assam with an MoM with V&S Cable Pvt Ltd, and started operations in West Bengal as they acquired KCBPL (Kolkata Cable & Broadband Pariseva Ltd) to create a subsidiary, GTPLKCBPL, responsible for providing services in West Bengal.[7]
Other services[edit | edit source]
In the second half of 2011, Hathway launched its HDTV services in Mumbai, Hyderabad, Bangalore, Chennai, Indore, Kolkata; in Gujarat in 2013, and Odisha in 2015. Their new HD DVR set-top box initially provided 8 HD channels, with availability increasing to sixteen in March 2012. There are thirty channels available as of 2020. With this addition, Hathway is now the provider with the most HD channels in its Indian market.[citation needed]
Hathway Broadband Internet was one of the earliest cable ISP services in the Indian cities of Delhi, Mumbai, Indore, Bhopal, Lucknow and Kolkata. As of 2024, the highest possible speed provided via fiber is 300 Mbit/s. It uses Cisco's Docsis 3 technology in three cities, where the speeds exceed 50 Mbit/s.
There are around 11 million subscribers, of which around 1.77 million currently have wireless/broadband internet available. Approximately 430,000 of these users are using Hathway broadband services.
Hathway was the first Indian digital cable service provider to release digital video recorder (DVR) services, on March 12, 2009, powered by NDS XTV.[8][non-primary source needed]
Acquisition by Reliance Industries[edit | edit source]
Hathway was the multi-service operator owned by the Rajan Raheja Group.[9] In 2003, it stood as one of the largest multi-system operators in India alongside the Hinduja Group companies of RPG Cable and InCablenet, and the Essel Group controlled Siti Networks,[9] and also one of the three major cable distributors in India alongside DEN Networks and InCablenet.[10]
On October 17, 2018, Reliance Industries announced that it had acquired a 51.34% stake in Hathway for ₹2,940 crore (US$410 million).[11][12][13] The acquisition received approval from the Competition Commission of India in January 2019.[14] Reliance acquired an additional 20.61% stake in Hathway through an open offer worth ₹1,180.42 crore (US$170 million) in March 2019, taking its total stake in the company to 71.95%.[15][16]
References[edit | edit source]
- ↑ "How RIL's acquisition of Hathway Cable, DEN Networks hurts rivals". Business Today. 26 October 2018. Retrieved 1 July 2024.
- ↑ "Hathway Cable & Datacom Ltd Annual Report 2009-2010" (PDF). Archived from the original (PDF) on 5 October 2011. Retrieved 4 June 2011.
- ↑ "Hathway Cable Q2 Results: Net profit falls 33.7% to ₹20 cr, revenue up 2% YoY". Mint. 17 October 2023. Archived from the original on 19 October 2023. Retrieved 23 April 2024.
- ↑ Major, Rose (12 March 2009). "Hathway offers India's first cable PVR". Rapid TV News. Archived from the original on 18 October 2010.
- ↑ "Home | GTPL". www.gtpl.net. Archived from the original on 1 November 2020. Retrieved 25 November 2020.
- ↑ "GTPL about".
- ↑ https://www.goodreturns.in/company/gtpl-hathway/history.html Archived 6 April 2019 at the Wayback Machine History of GTPL Hathway
- ↑ "Business Wire Hathway Press Release" (Press release). Archived from the original on 16 July 2022. Retrieved 16 December 2020.
- ↑ 9.0 9.1 Kohli-Khandekar, Vanita (2003). The Indian Media Business. SAGE Publications. p. 90. ISBN 978-0-7619-9650-7.
- ↑ Kohli-Khandekar, Vanita (2003). The Indian Media Business. SAGE Publications. p. 67. ISBN 978-0-7619-9650-7.
- ↑ "Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway". Business Today. 23 October 2018. Archived from the original on 17 November 2020. Retrieved 7 April 2019.
- ↑ Reliance (17 October 2018). "Reliance Media Release" (PDF). ril.com. Archived from the original on 11 January 2019. Retrieved 11 January 2019.
- ↑ Kundu, Rhik (19 October 2018). "What Hathway and Den deals mean for Reliance Jio". Mint. Archived from the original on 9 November 2020. Retrieved 7 April 2019.
- ↑ Laghate, Gaurav (22 January 2019). "Reliance Industries gets CCI nod to acquire Hathway, DEN". The Economic Times. Retrieved 7 April 2019.
- ↑ "Reliance Jio acquires another 12% of Den Networks". Indian Television Dot Com. 9 March 2019. Retrieved 7 April 2019.
- ↑ "Reliance increases shareholding in DEN, Hathway, GTPL through open offer Ashwini". TelevisionPost. 11 March 2019. Archived from the original on 7 April 2019. Retrieved 7 April 2019.