TRAI recommends no net worth rule requirement

Date:

Share post:

spot_imgspot_img

Relief for small cable operators

New Delhi:Telecom regulator TRAI on Monday recommended to the Ministry of Information and Broadcasting that there is no need for fixing a minimum net worth for registration of multiple-system operators in cable TV service.
The Cable Television Network Rules, 1994, prescribe the criteria for grant of registration to an multiple-system operators (MSO), which provides cable TV services to its subscribers.
The I&B Ministry had written a letter to TRAI on May 16 last, seeking recommendations from the telecom regulator on appropriate levels for fixation of entry-level net worth of MSOs for operationalising cable TV digitisation across the country.
In order to deliberate on various aspects related to the matter and to seek inputs from the industry stakeholders on relevant issue, TRAI issued a detailed consultation paper on ‘Entry Level Net Worth for MSOs in Cable TV Services’ on April 9, an official statement said.
Subsequently, an open-house discussion was held on June in Delhi to seek further views of the stakeholders on various issues, it said.
TRAI finalised its recommendations based on the comments of the stakeholders received during the consultation process and its own analysis, the statement said.
It noted that the New Regulatory Framework provides an enabling environment for small and medium MSOs and up scaling of LCOs to MSO.
“After careful consideration, authority has recommended that there is no necessity for fixation of a minimum entry-level net worth for MSO registration,” the statement said.
At present, any individual, company, corporate firm or LLP that fulfils provisions of the cable TV rules may be granted MSO registration, it said. (PTI)

spot_imgspot_img

Related articles

8000 medical procedures carried out by India’s HADR mission in Venezuela during ‘Operation Amistad’

New Delhi, July 10: Under the just-concluded ‘Operation Amistad,’ India’s Humanitarian Assistance and Disaster Relief (HADR) mission following...

India’s costliest street Khan Market sees rents climb 9 pc in Q1

New Delhi, July 10: Monthly rents for retail space in Delhi's upscale Khan Market rose 9 per cent...

Delhi Zoo welcomes three lion cubs in rare repeat breeding in same year

New Delhi, July 10: The Delhi Zoo has welcomed three Asiatic lion cubs in a rare feat of...

Assam: ED attaches Rs 5.54 cr assets in Jeevan Suraksha Ponzi scam

Guwahati, July 10: The Directorate of Enforcement (ED) has provisionally attached movable and immovable assets worth around Rs...