Cable distribution company Digicable has launched a utility service app called ‘Complete E-payment Solution’ for Kolkata, reports Indiantelevision. The company claims that it has tied up with banks, mobile, DTH and airline operators, Indian Railways and the Calcutta Electric Supply Corporation for these services. This app will initially only be available to local cable operators and will let them provide utility services to their consumers as well as provide a source of income through the service.
Digicable claims that customers will be able to make payments for their credit card bills, electricity, mobile bill, DTH recharge, mobile recharge, deposit cash in the bank account, book train, flight and movie tickets at a service charge through their cable operators. Post payments or transactions, a receipt will be sent to their registered mobile number for free.
The Mumbai headquartered Digicable offers digital cable and regular cable services through a set top box in partnership with local and international cable operators and providers. It also provides broadband service called Pacenet in 7 cities in India, along with which it provides Digicable exclusive channels like LOVE, Silk, Cross, Bollywood TV among others.
In 2008, the Mumbai based Pacenet ISP received an approval from the Foreign Exchange Promotion Board to divest 74 percent stake, and receive foreign investment to the tune of Rs. 17.336 crores (around $4 Million). Among the founders of Pacenet was former WWIL (Zee Group) MD Jagjit Kohli.
In January last year, edutainment TV channel, Da Vinci Learning partnered with Airtel Digital TV, Siticable and Digicable to broadcast its content. Digicable would receive 12 months of branded block content from the channel.
Digicable was established in August 2007 by Cable TV business veteran Jagjit Singh Kohli, who was previously the managing director of Zee owned WWIL. Digicable had been set up in partnership with Yogesh Shah, with whom he had previously founded another cable TV company Win Cable, which was later sold to Hathway Cable and Datacom. Kohli had also established Incablenet for the Hindujas.
In 2010, Reliance Communications board had approved a proposal to acquire Digicable in an all-stock deal, and for the creation of Reliance Digicom, an entity which combined RCOMs DTH, IPTV and Retail broadband operations with those of Digicable, offering Digital TV, Broadband and interestingly, according to the company, ‘Voice’. The valuation of Digicable had not been disclosed at that time. This deal was called off in July 2011 after the I&B ministry restricted cross holdings in cable and DTH companies to 20%.
In June 2012, Den Networks, Hathway Cable & Datacom, Hinduja owned InCable and Zee Group promoted Wire & Wireless India (WWIL) had put in independent bids to merge with Digicable, as indicated by this Financial Express report.
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