New Delhi: The government’s rescue package for the national broadcaster TVO has been approved by the central government and the company that runs it said it is ready to move forward with its business, said a senior official at TVO’s board.
“We are going to make the decision (on moving forward) within the next two days,” the official said, declining to be named as the matter is private.TVO said in a statement that it expects the deal to be signed by Sunday.
The government of Prime Minister Narendra Modi has been struggling to attract subscribers after losing billions of rupees ($1.6 billion) in its bailout in 2015.
It also wants to boost its digital TV and radio revenues, a key priority for its political opponents.
TVO is the second largest cable provider in India, with more than 1.7 million subscribers.