The dispute rose from the default of Aditya Birla Finance's Rs 150 crore loan to Essel Group's Siti Networks where Zee stood as guarantor
The company's net loss jumped to Rs 61.5 crore from Rs 57.6 crore
Sharma joined Siti Networks as Vice President in 2018 and became the Chief Operating Officer in 2019
Total expenses remained flat at Rs 428 crore as against Rs 427 crore in the same quarter last year
The company's net loss for the full fiscal jumped 12.7% to Rs 241.4 crore from Rs 214.1 crore
The deal will allow SITI to leverage the HITS infrastructure to deliver its signals to its Local Cable Operators
The SITI PlayTop Magic STB would be available to the SITI Networks customers in phases. Initially, it will be available in India's eastern states
The meeting was held in the presence of TRAI chairman PD Vaghela, & secretary SK Gupta with industry leaders like Jawahar Goel, Harit Nagpal, SN Sharma, Anil Malhotra and Avinash Pandey in attendance
The company's continuous efforts to improve operational efficiencies through the improvement of its systems, processes, and personnel have yielded results
Other major MSOs for the most number of subscribers include GTPL Hathway, Hathway Digital and Den Networks. Tata Sky continues to reign DTH with 31.61% market share