MUMBAI, India, Dec. 9, 2015 /PRNewswire/ -- Videocon d2h Limited (NASDAQ USA: VDTH), India's fastest growing DTH service, is fully geared up for DAS–III, the deadline for which is 31st Dec 2015. Company expects Phase III to be 50 Million TV Household in terms of size.
The Telecom Regulatory Authority of India (TRAI) in its recent press release dated 8th Dec 2015 (http://www.trai.gov.in/WriteReadData/PressRealease/Document/PR-69=08122015.pdf) has expressed satisfaction at the progress of the seeding of set-top boxes (STBs) in Phase III areas. TRAI has also advised consumers of urban areas who are still receiving cable TV services without STBs to avail and install STBs before the cut-off date in order to receive uninterrupted TV/services. It has reaffirmed its commitment to meet the deadline in its latest press release.
It is anticipated that there will be a huge demand for STBs for the Digitisation phase–III, and Videocon d2h STBs are available in the markets. The cut-off date for DAS Phase III, which covers urban areas, is 31 December 2015. TRAI has been taking steps to create awareness among consumers and stakeholders by holding workshops on the implementation of DAS and consumer outreach programmes.
Mr. Saurabh Dhoot, Executive Chairman, Videocon d2h said, "We welcome the digitisation mandate by Government wholeheartedly and will continue to support this initiative. The latest communication by Government in reaffirming its commitment is encouraging. This will ensure world class services to end consumer and create a level playing field between DTH and Cable."
Mr. Anil Khera, CEO, Videocon d2h said, "Consumers who are on analog cable mode can subscribe to a Videocon d2h Digital Set Top Box to access uninterrupted services before Digitization is implemented. Videocon d2h has ample STBs to cater to demand of the digitisation towns. Consumers can subscribe to Videocon d2h to avoid a black out of the analog cable services and enjoy the wide range of channels and services provided."
Note to Editors: About Videocon d2h
Videocon d2h is India's fastest growing DTH service provider which offers over 525 channels and services. Videocon d2h also offers 41 "HD" channels and services. It launched India's first 4K Ultra HD DTH channel. Videocon d2h offers India's first 1000 GB High Definition Digital Video Recorder and is the first DTH service provider to offer Radio Frequency Remote Control (available with High Definition Digital Set Top Box with unlimited recording). Powered by the MPEG-4 and DVB-S2 technology, Videocon d2h offers services such as 12 PIP Mosaic, d2h Cinema, weather updates and multiple tickers to transform your TV into a hub of entertainment and knowledge. It offers High Definition channels in 1080p, HDD Sound and 16:9 aspect ratio. Apart from these, it also offers the Active Music service, which includes 41 Audio / Video active music channels, 24-hrs a day. In addition, Videocon d2h provides round-the-clock prompt and efficient customer support in nine regional languages in addition to English and Hindi from the dedicated 8 Customer care centres present in seven locations. Videocon d2h is the most valued Indian company on NASDAQ by equity market capitalization as of 30th Sept 2015 and was the first Indian media company to be listed on NASDAQ.
Forward looking statements
This announcement may contain forward-looking statements, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. We caution you that reliance on any forward-looking statement involves risks and uncertainties that might cause actual results to differ materially from those expressed or implied by such statements. These and other factors are more fully discussed in the Videocon d2h's annual report on Form 20-F filed with the SEC and available at http://www.sec.gov. All information provided in this announcement is as of the date hereof, unless the context otherwise requires. Other than as required by law, Videocon d2h does not undertake to update any forward-looking statements or other information in this announcement.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/videocon-d2h-is-ready-for-das-phase-iii-300190456.html
SOURCE Videocon d2h Limited