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Siti Networks Ltd
FormerlyWire and Wireless (India) Limited (1994–2012)
SITI Cable Network Limited (2012–2016)
Company typePublic
BSE532795
NSESITICABLE
IndustryMedia & Entertainment
FoundedJune 1994
HeadquartersNoida, Uttar Pradesh, India
Area served
India
Key people
Subhash Chandra (chairman)
ProductsDigital cable television
Broadband internet
Local cable TV channels
Websitesitinetworks.com

Siti Networks Ltd, formerly known as Wire and Wireless (India) Limited (WWIL), is a multi system operator (MSO) promoted by the Essel Group (now just 6.1% minority stake holder).[1] The company provides digital cable television services in India and is headquartered in Noida, Uttar Pradesh.[2][3][non-primary source needed]

History

WWIL was formed as a part of the de-merger of Zee Entertainment Enterprises Limited – ZEEL, formerly known as Zee Telefilms Limited (ZTL) – the publicly listed flagship company of Zee Group. As per the Scheme of Arrangement approved by the High Court in Mumbai, all the cable TV distribution business within ZEEL and Siti Cable Networks Limited (Siti Cable) was transferred to WWIL as of 31 March 2006. Siti Cable was a 100% subsidiary of Zee Telefilms Limited. The cable operations of Siti Cable were launched in June 1994. SITI Cable was known as Wire and Wireless (India) Limited till 5 September 2012 wherein after it is renamed as SITI Cable Network Limited it is renamed as SITI NETWORK LIMITED

Fall of promoters' shareholding

In October 2021, it was reported that promoters of Essel Group only had 6.1% stake left in Siti Networks. Ltd.

References

  1. ^ Kar, Ayushi. "Unpaid dues: Operational creditors may drag Siti Networks to NCLT". @businessline. Retrieved 18 October 2021.
  2. ^ Finally, tipping point for Cable Television – DNA Analysis
  3. ^ Sudhir Agarwal, Chief Executive Officer (CEO), Wire and Wireless (India) Ltd.