Cable TV
Comcast Corporation acquires Susquehanna Communications
MUMBAI: Comcast Corporation has announced that it has completed the previously announced purchase of Susquehanna Communications, the cable television and broadband services division of Susquehanna Pfaltzgraff.
In the transaction, according to an official release, Comcast is acquiring systems primarily in Pennsylvania, New York, Maine, and Mississippi for a net cash investment of approximately $540 million or $440 million after taking into account certain tax benefits. Comcast previously owned approximately 30 percent of Susquehanna Communications.
Comcast chairman & CEO Brian L. Roberts said, “These systems geographically complement our existing service areas, and have been very well managed and fully upgraded. We look forward to serving our new customers with our advanced products and services.”
“Our employees are looking forward to providing advanced telecommunication services from Comcast for years to come with the same high level of quality and service that our customers have become accustomed to,” said Susquehanna Pfaltzgraff president and CEO Bill Simpson.
With the addition of Susquehanna’s approximately 230,000 basic cable customers, 71,000 digital cable customers and 86,000 high-speed Internet customers, Comcast now serves a total of 21.7 million basic cable customers, 10.2 million digital cable customers and 9 million high-speed Internet customers.
Goldman, Sachs & Co. acted as exclusive financial advisor to Comcast Corporation and UBS Investment Bank acted as exclusive financial advisor to Susquehanna Pfaltzgraff.
Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
