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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
The Telecom Regulatory Authority of India (Trai) has extended the deadline to receive comments on the consultation paper that it issued on “Entry Level Net Worth requirement of Multi-system Operators in Cable TV services”. As per the new update, now the stakeholders have till May 15 to send their comments. Previously, the regulator had kept the date as May 8 for inviting comments on the same, but on the request of stakeholders who sought more time to send their comments, Trai has now extended the deadline to May 15.
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Deliberation on Whether MSOs Should Have a Net Worth Entry Bar
The sector regulator said in its release, “In view of this, it has been decided to extend the last date for submission of written comments up to May 15 15, 2019, and counter comments by May 22, 2019. No further request for an extension would be entertained.” It is worth noting that Trai had issued the consultation paper on the entry level net worth requirement of MSOs in Cable TV services on April 9 2019. Trai had issued the consultation paper on the issue because the Ministry of Broadcasting (MIB) had asked the regulator about an appropriate fixated entry level net worth of MSOs for operationalising cable TV digitisation across the industry.
The consultation paper floated by Trai was done to answer the question, whether or not there is a need to fix an entry level net worth for MSOs, and if yes, then what should be the value of the net worth at the time of the registration. Not only this, but the paper also goes on to seek comments on what documents and methods should be used to evaluate the net worth of an MSO applicant in case a minimum value is set as entry bar.
