Chennai: State government owned MSO, Tamil Nadu Arasu Cable TV Corporation (TACTV) is planning to prove Over The Top (OTT) services.
Minister for Information Technology, M.Manikandan, told the Assembly on Wednesday that along with OTT it would also provide IPTV services and internet connectivity to rural and urban households.
He said that TACTV proposed to secure a loan of Rs100 crore during 2019-20 with government guarantee, since there is an accumulated cash flow deficit on account of purchase of set top Boxes (STBs).
Due to heavy investment on procurement of STBs by TACTV, there was paucity of funds to meet the repayment schedule and also expenditure relating to broadcasting.
As on date TACTV approximately controls 25 lakh Cable Home across Tamil Nadu and stands as the largest TV distribution platform in Tamil Nadu market.