GECs
Star and Taiwan’s Koos complete cable digitisation deal
Finally closing a deal which has been in the making since last October, Star and the Koos Group of Taiwan today announced an agreement to digitise cable systems in Taiwan.
Star’s investment in the deal will enable it to obtain an equity interest in the cable systems concerned, a company release says.
The digital rollout plan will commence in the second half of the year and the first digital cable services will be launched in early 2002. Taiwanese cable subscribers will soon be able to enjoy through digital set-top boxes high-quality digital broadcast cable signals, as well as an array of enhanced television functionalities such as parental control and a Chinese-language electronic programme guide, the release states. The digital boxes are also capable of receiving interactive premium channels and e-commerce services.
Chester Koo of the Koos Group said: “The penetration rate of Taiwan’s cable TV is among the highest the world over – 80 per cent of Taiwanese households have cable TV. …This partnership between Koos Group and Star is also a manifestation of the recognition we have been receiving from international media groups.”
Star chairman and CEO James Murdoch said: “In Asia where digital and addressable cable systems are so rare, this deal further sets Star and our partners ahead of other players in the market. Partnering with Koos is a perfect match for us to roll out digital cable infrastructure in Taiwan, paving the way for the first large-scale market launch of digital set-top boxes in Asia and the introduction of interactive services in Taiwan, clearly setting the pace for the development of the pay TV business in the region.”
It was in October that the Koos group’s broadband Internet access and content provider GigaMedia Ltd and Star agreed to form a joint venture that would focus on developing interactive television services in Taiwan.
At the time GigaMedia and Star signed a binding memorandum of understanding to form a 50-50 jointly owned company that would operate independently.
But at the end of March the agreement was modified where Star’s investment was to be for the digitisation of headends and the rollout of digital set-top boxes.
Although both parties claimed they remained committed to developing the Taiwanese interactive television market, they said the priority was to upgrade and digitise the network infrastructure.
In money terms this meant that the original plan where GigaMedia was to have injected $ 50 million into the interactive television project stood shelved.
GECs
Sahara One reports financial results, notes director exit and business realignment
Muted revenues, steady expenses and strategic adjustments shape company’s current phase
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease.
The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at just Rs 0.13 lakh, unchanged sequentially and sharply down from Rs 0.26 lakh a year earlier.
Losses, meanwhile, deepened. The company posted a net loss of Rs 24.16 lakh for the quarter, compared to Rs 18.81 lakh in the June quarter and Rs 39.69 lakh in the same period last year. For the six months ended September 2025, the cumulative loss stood at Rs 39.69 lakh, while the full-year loss for FY25 was reported at Rs 60.72 lakh.
Expenses continued to outweigh income by a wide margin. Total expenses for the quarter came in at Rs 24.30 lakh, led by employee benefit costs of Rs 6.51 lakh and other expenses of Rs 17.78 lakh. Earnings per share remained in the red at Rs (0.11) for the quarter.
The balance sheet reflects a company with significant assets on paper but limited operational momentum. Total assets stood at Rs 23,065.57 lakh as of September 30, 2025, broadly unchanged from March 2025. Equity share capital remained steady at Rs 2,152.50 lakh, while total equity was reported at Rs 18,004.85 lakh.
Cash and cash equivalents saw a modest uptick to Rs 6.75 lakh from Rs 4.68 lakh earlier, supported by a positive operating cash flow of Rs 180.01 lakh for the period.
Yet, beneath these numbers lies a more complex narrative. The company’s auditors flagged their inability to obtain sufficient evidence to form a conclusion on the financial statements, citing lack of access to records. They also raised concerns over the company’s ability to continue as a going concern, pointing to insufficient funds, delayed recoveries, and stalled content investments.
Adding to the governance overhang, the company disclosed that Rana Zia has resigned as whole-time director, effective October 16, 2025, citing other professional commitments. The resignation, noted and accepted by the board, also brings an end to her role across company committees.
Regulatory pressures continue to loom large. The Securities and Exchange Board of India has already initiated penal actions for non-compliance with listing norms, with trading in the company’s shares remaining suspended. There is also a risk of promoter demat accounts being frozen.
Legacy legal issues remain unresolved. A substantial deposit of Rs 694,027.88 thousand linked to the long-running OFCD dispute involving Sahara group entities is still under the purview of the Supreme Court of India. Restrictions on asset disposal continue to weigh on the company’s financial flexibility.
Operationally, challenges persist across multiple fronts. Advances worth Rs 1,92,916 thousand given for film content remain stuck, with delays in project completion and uncertain recoverability. The company’s YouTube channel, despite being operational, has generated no revenue for over three years due to compliance lapses. In a further twist, management has indicated that revenues may have been fraudulently diverted through unauthorised changes to its AdSense account, with a police complaint in the works.
There are also missed revenue opportunities. Television content rights continue to be used by a related party despite the expiry of the licence agreement, with fresh negotiations still underway.
For now, Sahara One Media and Entertainment Limited appears caught between legacy disputes and present-day operational hurdles. As losses linger and governance questions mount, the road to recovery looks less like a sprint and more like a slow trudge through shifting sands.
