Cable TV
Punjab govt. vows to break cable monopoly, rules out blocking MSO Fastway
NEW DELHI: Even though the Congress government in Punjab has made it clear it would not tolerate monopoly in information and news distribution via cable TV, the state government clarified no particular MSO company or TV channel would be targeted and action would be taken if found guilty of tax law violations.
MSO Fastway, which holds sway in Punjab resulting virtually in a monopoly, is allegedly owned and operated by close aides of former Punjab chief minister’s family — the Badals. The decade-old MSO company also has sizable presence in neighbouring states of Himachal Pradesh, Haryana and Union territory of Chandigarh.
In an official statement, the present CM Captain Amarinder Singh on Thursday ruled out any “censorship” (read blacklisting) of MSO Fastway and Punjabi-language TV channel PTC News or any other media organization. However, he made it clear that action would be taken against media companies if charges of tax violations are proved to be correct.
Reiterating his government’s stand of providing a level-playing field to TV channels and cable operators, and, thus, encouraging healthy competition, the chief minister ruled out “vendetta politics” against political opponents, but vowed to take action against media companies indulging in malpractices.
Earlier in April, a Punjab government official was quoted by local media outlets as saying the administration was committed to break any television or cable network monopoly in the state and that it proposes to undertake a study to explore legislating setting up of a Cable Network Authority for the purpose of implementing rules and regulations to be framed for broadcasters, MSOs and LCOs to operate in the State.
On Thursday, Singh welcomed all segments of broadcasting and media businesses to establish their presence in Punjab, reiterating that his government was committed to “ending the cable mafia”.
“Let them all come and compete for the viewers’ attention,” CM Singh said in the statement, adding that with wider choice, people would reject any channel found to be engaged in “biased dissemination of news or information”.
However, the CM warned that if any channel or network, be it PTC or Fastway, is found indulging in “illegal activities in defiance of the legal provisions”, they would be prosecuted.
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Probe Punjab ‘cable mafia,’ demands minister, Fastway refutes charges
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.
