Reliance Industries Ltd’s group company Hathway Digital and Hinduja Group’s IndusInd Media & Communications (IMCL) are two of the many companies in the race to try to snap up MSO Siti Networks, which is part of the Essel/Zee family, a newspaper report has stated.

Business Standard, quoting unnamed sources close to the matter, reported on January 10 that Hathway and IMCL are among 14 resolution applicants that have shown interest in buying Siti Networks, a troubled Essel Group entity.

Hathway Digital and IndusInd Media & Communications did not wish to comment on the development. The 14 companies on the list of PRAs (potential resolution applicants) are expected to submit their resolution plans by January 17, the BS report added.

Siti Networks Limited is one of India’s largest multi-system operators (MSO). With 15 digital headends and a network of more than 33,000 kms of optical fibre and coaxial cable, it provides its cable services in India’s 580 locations and adjoining areas, reaching out to over 11.3 million digital customers, the company’s website stated.

Siti said on its website that it deploys state-of-the-art technology for delivering multiple TV signals to enhance consumer viewing experience. Its product range includes digital and analogue cable television, broadband and local TV channels, apart from technical capability to provide features like OTT and video-on-demand through a STB.

Siti Networks, which was formerly known as Siti Cable, is one of India’s  early cable TV distribution companies and still has a formidable presence in India’s entertainment distribution realm.