It is my pleasure to report that the year 2016-17 was exciting and eventful at GTPLHathway Limited. We received an encouraging response and acceptability from investorsafter the launch of our IPO in June 2017. I extend a warm welcome to all the newshareholders. I sincerely thank everyone for their strong belief support and unwaveringfaith in us. GTPL will continue to strengthen its service offerings across segments.
Digital business in India is evolving fast with dynamic consumption patterns andfavourable regulatory environment. The number of total TV households in India has seen arapid increase from 119 million in 2011to 183 million in 2017 and it is expected to touch200 million by 2020. The change in customer behaviour will have a significant impact oncontent uptake and corresponding spends on subscription income.
Digital India is a dream which is over-arching and in step with taking India ahead.Digitisation is not just about the cable TV Industry it is more about bringing access ofdigital content choice and better services to customers. With the March 31 2017 deadlinefor Phase IV digitisation as per The Cable Television Networks (Regulation) Amendment Act2011 all analogue signals have been switched off in the entire country. However it seemsthat it will take some time before India can be declared a fully digitised nation.
Cable is a powerful source for broadband delivery that has not been tapped adequatelyin our country. However strangely enough cable is the medium that is making onegigabytes per second (gbps) speed wired broadband connectivity a reality in India.
At GTPL we are aspired to connect with the consumers by building an inclusive systemthat transforms the type and quality of content provided to our customers.
GTPL is committed to offer a differentiated and better quality digital cable TVexperience and broadband connectivity to its customers. As a leading cable and broadbandplayer we continuously make investments in upgrading technology for better customersexperience. We recently deployed next- generation headend of Harmonics USA which enablesus to offer up to 650 TV channels and 50 OTT channels . The network upgradation to GPON-Fibre to the home technology has commenced which enable us to provide high-speed broadbandservices.
Our Company stands at an inflection point from where we wish to significantly improvecustomers' experience revitalise our ground teams make prudent investments in technologyand focus on improving ARPU. While GTPL is a key catalyst in transforming the cable andbroadband industry the Company itself is witnessing a transformation as we re-commitourselves to achieving new milestones in the form of deepening the market and improvingour financial performance.
We have identified the following immediate growth opportunities across our businesses:
1. In the cable TV business we have already made Investment for Phase III and Phase IVand kicked off monetising the same recently. We have further increased our HD offering to64 Channels to convert potential subscriber to HD Packages.
2. In our broadband business we are deploying GPON FTTH technology to provide highspeed services to customer. We are going to make our 8 million plus CATV Homes asBroadband enabled and convert potential homes as Broadband Subscribers.
3. We are utilising our existing cable TV infrastructure in broadband for better ROI.
Our innovative venture is here to add a new dimension to the entire value chain of thedigital services domain along with enhanced distribution network. I am optimistic anddetermined that we will transform our vision into reality by reducing distances anddigitally connecting people across the country. With our plans for investment in superiortechnology a plethora of content options to our CATV customers and highspeed broadbandconnectivity at an aggressive pricing we are confident about the future outlook of theCompany and its ability to create value for all its stakeholders.
I would like to acknowledge the efforts of our team for their dedicated efforts towardsdriving this organisation. I am thankful to all our shareholders investors andstakeholders for believing in our business. With your continued support we will continueour digital transformation journey and add value to the customers and the shareholders.
|Best Wishes |
|Aniruddhasinhji jadeja |