GECs
Openwave Systems to support for Mobile TV technology
MUMBAI: The California-headquartered Openwave Systems Inc., provider of open software products and services for the communications and media industry, is planning to co-market and support mobile television services integrated with the Openwave Mobile Integrated Dynamic Application System (MIDAS) environment.
As part of Openwave’s mobile TV initiative, the company is engaging with two mobile television providers, IceTV, who delivers live TV broadcasts and custom programming developed specifically for handhelds, and Nexage, a leading wireless and multimedia software and services company that recently announced its PhoneCast mobile video solution. The companies will work with Openwave to enable operators to deliver real-time and video on demand to MIDAS handsets.
“Mobile TV services offered through MIDAS, will afford operators the benefits of a high quality mobile television service that is easily accessible and can be personalized based on the preferences of various consumer segments,” said Olivier Bartholot, head of the client business unit at Openwave. “We look forward to further developing the relationships with both IceTV and Nexage and ensuring that we enable our operator customers to bring to market mobile television services that are rich, compelling and easy to use.”
Midas provides a flexible user experience layer that links to underlying handset resources, enabling a powerful new way to design and deliver services, like mobile television. IceTV, which stands for Interactive Communications and Entertainment TV, enables mobile phone users to watch their favourite local channels and cable television shows live on their mobile devices, anywhere there is a wireless data signal available. Nexage’s PhoneCast software platform offers a mobile video solution for operators, content providers and media companies, allowing customers to watch live TV, live events and sportscasts, and video on demand content on their mobile phones globally.
“We’re excited to be deploying a high-quality, personalized mobile television experience that is simple for operators to implement and will allow broadcasters to increase viewership and offer targeted interactive marketing to their advertisers,” said IceTV president & CEO Bill Stack. “Working with Openwave to include our service on Midas handsets will enable us to bring our mobile television services to market faster and integrate with operators easier.”
“With its proven experience in bringing mobile content to the mass market, Openwave will be an asset to us as we look to bring our mobile television services to operators around the world,” said Nexage CEO Devkumar Gandhi. “The marriage of our two solutions would be a natural fit for operators who are looking to quickly deploy powerful new entertainment services, like mobile television, live events and video on demand to mass market multimedia phones.”
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
