Hathway Cable & Datacom (Hathway) is likely to spend Rs 500-600 crore for the second phase of digitization and it is looking for various options to raise these funds. It has already pumped in Rs 300 crore for the first phase of mandatory digitization, where households in New Delhi, Kolkata, Chennai and Mumbai will have to move to digital formats by June 30.
In the first phase about 8-10 million subscribers are expected to go digital across all the four cities. About 7.5 lakh subscribers have already installed set top boxes and it expect to upgrade about 2 million subscribers for the first phase of digitization across Mumbai, New Delhi and Kolkata.
Hathway Cable & Datacom is a leading cable television services provider in India as well as one of the leading cable broadband services providers. It offers analog and digital cable television
