Wire and Wireless spurts on plans to deploy 3 million set-top boxes

04 Apr 2012 Evaluate

Wire and Wireless is currently trading at Rs. 9.35, up by 0.20 points or 2.19% from its previous closing of Rs. 9.15 on the BSE.

The scrip opened at Rs. 9.17 and has touched a high and low of Rs. 9.60 and Rs. 9.17 respectively. So far 386385 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 10.50 on 18-Apr-2011 and a 52 week low of Rs. 5.70 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 9.60 and Rs. 7.81 respectively. The current market cap of the company is Rs. 427.79 crore.

The promoters holding in the company stood at 63.26% while Institutions and Non-Institutions held 3.40% and 33.34% respectively.

Wire and Wireless (India), cable television service provider is prepared to deploy three million set-top boxes in Delhi, Mumbai and Kolkata. It is likely to offer a number of channels in the first phase of digitization across company's three lucrative markets, under the SITI Cable brand name.

SITI Cable will provide an advanced IP-based digital delivery platform that will transmit superior quality TV signal to subscribers. It will also provide 400 Standard Definition channels and will offer 30 HD channels and TV signals with uninterrupted transmission. The subscriber is required to fit a SITI digital set-top box (STB) with their TV sets to get these TV signals.

STBs are being procured from multiple vendors to ensure smooth supply to the subscribers, the company said. The STB deployment to the subscribers has started in Delhi and Kolkata.

Siti Networks Share Price

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