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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Hathway, the Cable TV and broadband service provider is going through a rough phase in recent times. While every wired broadband service provider in the country is looking to increase the speed due to the upcoming Jio GigaFiber threat, Hathway states that it’s looking to offer 200 Mbps broadband connection to its users in the country by 2020. Rajan Gupta, Managing Director at Hathway Cable and Datacom stated: “With Internet speeds increasing at a faster pace, we should be witnessing 100 Mbps to 200 Mbps as the base speeds within the next couple of years.” At the same time, he also added that the company “would be able to offer 200 Mbps speeds to its consumers by FY21.”
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Furthermore, the company today said it is planning to deleverage its books by Rs 500 crore by March 2020. The company’s total debt stood at Rs 1,617 crore as on March 31, and its net debt-to-equity ratio stood at 1.23.
“We have made a plan to deleverage the company by Rs 500 crore by March 2020,” Rajan Gupta told reporters at PTI.
“Of the Rs 500 crore, the promoters will bring Rs 350 crore by way of equity and long-term unsecured loan. In fact, Rs 200 core is coming between July and August this year and the balance Rs 150 crore will happen over a period of time,” Gupta said adding that the additional Rs 150 crore will be from cash that will be generated from operations.
