GTPL Hathway Limited has agreed to acquire the cable television operations of seven companies belonging to the ACT Group in an all-cash transaction valued at ₹36.23 crore, strengthening its presence in southern and eastern India.
The transaction is expected to be completed by September 15, 2026, after which the company will integrate the acquired operations into its network.
Subscriber Base to Increase by 6 Lakh
The acquisition will add nearly 6 lakh active cable television subscribers to GTPL Hathway’s existing base and expand its distribution network across several cities in Andhra Pradesh, Telangana, Odisha and Karnataka.
The deal provides the company with access to established regional networks and last-mile connectivity infrastructure, which could improve operating leverage through scale and network synergies.
Target Companies Have Established Revenue Streams
The acquired businesses reported FY26 revenues ranging from ₹2.1 crore to more than ₹72.2 crore, reflecting varied operational scale across different markets.
Among the larger entities:
- A.C.N. Cable Private Limited reported revenue of about ₹72.25 crore in FY26.
- ACT Digital Home Entertainment Private Limited recorded revenue of around ₹66.94 crore.
Other companies included in the transaction include:
- Atria Broadband Services
- Kable First India
- I.B. Communications Network
These operators contribute local subscriber clusters and recurring revenue streams.
Financial Performance
GTPL Hathway reported revenue of ₹924 crore in Q4 FY26, up 3.7 percent from ₹891 crore in the corresponding quarter last year. Revenue declined marginally from ₹933 crore in Q3 FY26.
Net profit, however, slipped from ₹11 crore in Q4 FY25 to a loss of ₹14 crore in Q4 FY26.
Over the last five years, the company has recorded:
- Revenue CAGR of 9 percent
- Net profit CAGR of negative 39 percent
Key Ratios
- ROCE: 3.37 percent
- ROE: 1.39 percent
- Debt-to-equity ratio: 0.44 times
- EPS (Q4 FY26): Negative ₹1.34
Stock Performance
With a market capitalisation of around ₹682 crore, GTPL Hathway shares were trading at ₹60.51. The stock opened at ₹63.51, touched an intraday high of ₹63.79, and a low of ₹59.48.
The company is trading at a P/E ratio of 42.4, compared with the industry median of 26.54.
Company Overview
GTPL Hathway Limited is one of India’s leading multi-system operators (MSOs), offering digital cable television and broadband services across multiple states. The company operates an extensive distribution network providing entertainment and connectivity services.
TL;DR
GTPL Hathway will acquire the cable TV businesses of seven ACT Group companies for ₹36.23 crore in an all-cash deal. The acquisition will add around 6 lakh subscribers and strengthen the company’s presence in Andhra Pradesh, Telangana, Odisha and Karnataka.
AI Summary
- GTPL Hathway to acquire seven ACT Group cable TV businesses.
- Deal value stands at ₹36.23 crore.
- Acquisition will add nearly 6 lakh subscribers.
- Operations span Andhra Pradesh, Telangana, Odisha and Karnataka.
- Transaction is expected to close by September 15, 2026.
