26th
March 2007
Nettlinx
to enter Media business
Nettlinx
Limited, A BSE listed Company has today received
the approval for enhancing the Capital and
issue preferential warrants to promoters
and investors. Nettlinx held its Extraordinary
General Meeting today at Hotel Golkonda,
Hyderabad. The Company will be issuing preferential
warrants at a premium of Rs.20/- per warrant
amounting to Rs.30/- per warrant. The investors
who have been given the preferential offer
will have to pay 10% of the value i.e., Rs.3/-
per warrant at the time of subscription and
balance at the time of conversion of the
warrant to an equity share. With this approval
the company’s authorized capital becomes
Rs.20 crores.
Nettlinx
has earlier given the list of the preferential
investors to the shareholders as well as
BSE.
India & the
media industry
It
is estimated that there will be over 100
million cable and satellite homes in 2010.
At the moment 21 million people access the
net. In three years time there will be 100
million net users. There will be over 20
million broadband subscribers by 2010. The
television industry (including direct-to-home
and newer technologies like IPTV), will continue
to garner the largest revenue share. TV gets
the highest revenues of Rs 14,800 crore.
By 2010, revenues for TV will be at Rs 42,700
crore, and revenues of internet advertising
is expected to grow from Rs 100 crore to
Rs 750 crore.
| Entertainment Industry |
Current Size |
Projected 2011 |
CAGR |
| TV |
191 |
519 |
22% |
| Internet |
1.6 |
9.5 |
43% |
|
NettLinx
wishes to use its infrastructure as well
as the management expertise that it had acquired
to explore new business. It intends to foray
into the space of Content delivery in multiple
streams – TV, Internet and IPTV in
a Niche segment & address regional language
needs. Early movers in establishing media
marketplaces will have a significant advantage
said Dr. Loka Manohar Reddy, who is also
the Founder Director of the Company.
He
said the company looked at the Challenges
and opportunities and has realized that Consumer
needs are expanding beyond the mass media
and segmented media to ‘Lifestyle Media’,
where in the Pull-oriented media consumption
models, such as a media marketplace, in which
consumer is furnished with robust search,
research, customization, configuration and
scheduling tools which could be delivered
on the Internet platform.
Niche
channels are fast drawing more eyeballs.
There is ample room for more niche channels.
Regional programming is another segment that
offers tremendous opportunities. This has
prompted NettLinx to explore the opportunity
of regional Business Channel with India Growth
Economy as the lead story.
The
Indian media industry today has everything
going for it - be it the impetus from the
economy, the digital lifestyle and spending
habits of the consumers and the opportunities
thrown open by the advancements in technology.
All one has to do is to cash in on the growth
potential and the opportunities said Mr.
Vijay Bhasker Reddy, Executive Director.
He also said with this the company will get
into the next league and will be able to
deliver better share owner value.
For any further queries Please
contact:
Mr.
Vijay Bhasker Reddy
Executive Director, Nettlinx Limited.
Phone: 040-23232200
Mobile: 98490 52643
Email: vbr@nettlinx.com
About
Nettlinx Limited
Nettlinx
Limited (BSE - Nettlinx), a company listed
on BSE providing Internet, Bandwidth, Hosting
and VOIP besides Enterprise Services. The
company has a US delivery capabilities center
in New Jersey, USA and a majority holding
in a Food Testing and certification laboratory
IADFAC in Bangalore. Nettlinx also has a
realty holding company with investments in
Nagpur, Hyderabad and Sriperambadur, Tamilnadu.