Siti Networks Ltd | |
Former Name: | Wire and Wireless (India) Limited (1994–2012) SITI Cable Network Limited (2012–2016) |
Type: | Public |
Traded As: | |
Foundation: | June 1994 |
Area Served: | India |
Key People: | Subhash Chandra (chairman) |
Location: | Noida, Uttar Pradesh, India |
Industry: | Media & Entertainment |
Products: | Digital cable television Broadband internet Local cable TV channels |
Siti Networks Ltd, formerly known as Wire and Wireless (India) Limited (WWIL), is a multi system operator (MSO) promoted by the Essel Group (now just 6.1% minority stake holder).[1] The company provides digital cable television services in India and is headquartered in Noida, Uttar Pradesh.[2] [3]
WWIL was formed as a part of the de-merger of Zee Entertainment Enterprises Limited – ZEEL, formerly known as Zee Telefilms Limited (ZTL) – the publicly listed flagship company of Zee Group. As per the Scheme of Arrangement approved by the High Court in Mumbai, all the cable TV distribution business within ZEEL and Siti Cable Networks Limited (Siti Cable) was transferred to WWIL as of 31 March 2006. Siti Cable was a 100% subsidiary of Zee Telefilms Limited. The cable operations of Siti Cable were launched in June 1994. SITI Cable was known as Wire and Wireless (India) Limited till 5 September 2012 wherein after it is renamed as SITI Cable Network Limitedit is renamed as SITI NETWORK LIMITED
In October 2021, it was reported that promoters of Essel Group only had 6.1% stake left in Siti Networks. Ltd.