Singhi Advisors acted as an exclusive strategic and M&A advisor to Private Equity owned A.C.N Cable Private Limited (‘ACN’) to sell it’s video business to GTPL Hathway Ltd. Hathway Limited (‘GTPL’), driving consolidation in the prominent South Indian Digital TV markets.
This transaction marks Singhi Advisors’ 17th deal in the Technology, Media & Telecom (TMT) space and further affirms Singhi Advisors’ established transactional strength in this space, adding to a distinguished record of steering India’s marquee companies through landmark M&A transactions.
A.C.N Cable Private Limited, and it’s subsidiaries (collectively ‘ACN’) owned by Private Equity Investors, Argan (Mauritius) Limited and TA Associates, to sell the video business to GTPL Hathway Ltd. Hathway Limited (‘GTPL’), a Reliance Industries associate company with Revenues of INR 3,719 Crore (FY 26).
This transaction marks a defining strategic inflection point for GTPL, representing a decisive move to consolidate it’s position as India’s largest MSO, offering Digital TV services through Cable TV as well as it’s Headend-In-The-Sky (‘HITS’) platform. Through the purchase of the video business, GTPL is set to expand its urban footprint, acquiring a robust subscriber base of 6 lakh+.
Founded in 2006, GTPL Hathway Limited is India’s largest Multi-System Operator (MSO) by subscriber base, with operations spanning Digital TV and High-Speed Broadband services. With an annual revenue of INR 3,719 crores (FY26), GTPL serves over 12 million households and over 1 million broadband subscribers across 1,500+ towns in 26 States and 4 Union Territories.
