Fwd: Analogue cable distribution Sector Update; Change of fortune on cards

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Deepak Vaishnav

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Oct 1, 2011, 7:50:09 AM10/1/11
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Analogue cable distribution

Change of fortune on cards

 

n     Compulsory digitization is the only game changer for the analogue cable distribution. MSOs bleeding due to under-declaration by LCO, situation to continue till cabinet approval

n     Operators looking for voluntary seeding of STB but in our view, it is unlikely benefit MSOs in a meaningful way

n     MSOs gearing up for digitization - Changing business strategies and streamlining business operations

n     Valuations have taken beating with both the big MSOs trading significantly below their IPO prices. We expect the discount to continue till compulsory digitization kicks in

 

Regards,

Naval Seth

Research Associate | Emkay Global Financial Services Ltd. | www.emkayglobal.com | Email : naval...@emkayglobal.com 

Board No. : +91-22-66121212 | Extn. : 414 | DID : 66242414 | Mob : +919930468398 |

 


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Analogue cable distribution Sector Update_290911.pdf
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