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.
