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July 3, 2001
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Money > Business Headlines > Report July 3, 2001 |
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ETC Networks links up with TV Asia of USBS ICE Bureau ETC Networks has tied up with TV Asia, a leading Hindi channel in the US, to supply software. Negotiations are also on with companies in UK, and Canada for similar arrangements with other companies. "Negotiations are in advanced stage," J S Kohli, managing director, ETC Networks told Business Standard. Plans for these tie-ups are afoot even as the company has posted profits in the year 2000-01. ETC Networks has registered a net profit of Rs 24 million on a turnover of Rs 538 million for the year ended March 31, 2001. The results have come at a time when the entire broadcasting industry revenues have come under pressure. Commenting on the second year results of the company, Jagjit Singh Kohli, managing director of ETC Networks, said, "We remain committed in our determination to emerge as one of the leading players in the satellite television industry in the country and maximise shareholders wealth." ETC Networks Ltd is a Bombay Stock Exchange listed company. ETC Networks owns etc Music Channel and etc Channel Punjabi. The etc Channel Punjabi, the regional channel under the umbrella of ETC Networks Ltd, is going to complete its first year of operation. etc Channel Punjabi holds the exclusive rights to telecast Gurbani live from Golden Temple at Amritsar, is also doing extremely well. Having established tremendous penetration for both etc and etc Channel Punjabi by virtue of being free-to-air channel services, the company is very shortly going to convert both the channels into the digital mode. This will not only translate into better quality of pictures but also reduce costs by 30 per cent, Kohli added. ETC Networks Ltd is the first channel to secure the permission to build a commercial teleport in Bombay. Once the teleport is commissioned, it will reduce the operating costs of the channel and also provide additional revenue streams for the company by offering uplinking services to other private channels and Internet service providers. Powered by YOU MAY ALSO WANT TO READ:
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