11-07-2008, 01:50 PM
Source : http://www.myiris.com/newsCentre/newsPop...D=livenews
Videocon has postponed the launch of its Direct-to-home (DTH) venture, reports Economic times.
The company had earlier said that it would start the pilot tests in July and launch commercially in August. Videocon`s DTH brand, D2H, would be the sixth player to enter the DTH space.
However the company has said that they haven`t delayed their launch and would start testing signals before the year end and launch it next year, it has been learnt that Videocon would not be in a position to launch its DTH venture commercially before March next year.
The company has announced plans to invest Rs 100 billion over the next three years in its DTH business.
It is understood that there could be atleast one additional company who has applied for DTH license and has also talked to technology partners.
India would be the first country in the world to have 6-7 DTH players and industry experts believe that it would be a doubtable task for them to exist and maintain the subscriber numbers.
Shares of the company declined Rs 1.95, or 1.55%, to trade at Rs 124.00. The total volume of shares traded was 26,194 at the BSE (11.59 a.m., Friday).
Videocon has postponed the launch of its Direct-to-home (DTH) venture, reports Economic times.
The company had earlier said that it would start the pilot tests in July and launch commercially in August. Videocon`s DTH brand, D2H, would be the sixth player to enter the DTH space.
However the company has said that they haven`t delayed their launch and would start testing signals before the year end and launch it next year, it has been learnt that Videocon would not be in a position to launch its DTH venture commercially before March next year.
The company has announced plans to invest Rs 100 billion over the next three years in its DTH business.
It is understood that there could be atleast one additional company who has applied for DTH license and has also talked to technology partners.
India would be the first country in the world to have 6-7 DTH players and industry experts believe that it would be a doubtable task for them to exist and maintain the subscriber numbers.
Shares of the company declined Rs 1.95, or 1.55%, to trade at Rs 124.00. The total volume of shares traded was 26,194 at the BSE (11.59 a.m., Friday).