Stocks

Cable TV operators’ shares fall after TRAI’s new tariff rules

PTI New Delhi | Updated on January 02, 2020 Published on January 02, 2020

Sun TV dropped 6 per cent, Zee Entertainment fell 2.99 per cent

Shares of broadcasting and cable TV operators fell up to 6 per cent on Thursday after TRAI made amendments to the new regulatory framework for cable and broadcasting services under which cable TV users will be able to access more channels at lower subscription price.

Sun TV Network dropped 6.37 per cent, Den Networks dipped 3.90 per cent, Zee Entertainment Enterprises fell 2.99 per cent and Dish TV India was down 0.85 per cent on the BSE.

However, later Dish TV recovered its early losses and was trading with marginal gains.

In a bid to protect consumer interests, TRAI on Wednesday made amendments to the new regulatory framework for cable and broadcasting services.

Significantly, the Telecom Regulatory Authority of India (TRAI) capped the amount consumers will have to pay monthly for all free to air channels at ₹160.

The new rules are part of the changes the regulator has made to its 2017 tariff order for broadcasting and cable TV services. They will be effective from March 1.

Published on January 02, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.