Ortel Communications, the multi-system operator (MSO) which provides cable TV and high-speed broadband services in the eastern India, will invest Rs 300 cr in the coming next two years on its expansion.
Bibhu Prasad Rath, President & CEO of Ortel Communications, said that the company would use its IPO proceeds, debt & internal accrual and equity to meet its funding requirements.
For fast expansion in the emerging markets, Ortel Communications is going to invest Rs 300 cr over the next two years on its infrastructure. Ortel is also one of the few MSOs which focuses on B2C segment with full control over the last mile network and directly owns 90% of its subscribers.
The company, which has remained focused on Odisha, Madhya Pradesh, Chhattisgarh, Telengana, Andhra Pradesh and West Bengal, owns a subscriber base of about 805,000, compared with national MSOs, such as Hathway Cable & Datacom, Den Networks, Siti Cable and who claim a base of over 10 million subscribers each. Ortel, which claims of building up a two way communication network to be enabled for ‘Triple Play’ services including data, video and voice capabilities, is learnt to have set an ambitious target of achieving close to 1 million subscribers in the near future. Also over the past few years, Ortel has largely focused on the inorganic route and acquired some LCOs.