TRAI asked to review price of Nimbus' sports channels | business | Hindustan Times
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TRAI asked to review price of Nimbus' sports channels

TRAI is directed to hear afresh sports broadcaster Nimbus' plea for review of rates prescribed for its channels.

business Updated: Jul 03, 2007 18:49 IST

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Tuesday directed sector regulator TRAI to hear afresh sports broadcaster Nimbus' plea for review of rates prescribed for its channels.

A TDSAT bench headed by Justice Arun Kumar also directed the regulator to pass a fresh order on this issue within 60 days.

Meanwhile, the tribunal said it was not setting aside the tariff order passed by TRAI in January, fixing the bouquet price of channels of Nimbus.

The Tribunal also asked Nimbus to submit its views to the regulator on price fixation within 10 days.

In January, TRAI had directed Nimbus to reduce the bouquet price of its two channels Neo Sports and Neo Sports Plus to Rs 37.25 from Rs 58.50 in non-CAS areas.

Initially, Nimbus had priced its channels at Rs 49.50 each a month and a bouquet price of Rs 58.50.

Nimbus had challenged TRAI's order on the ground that it would be economically unsound, as the company had spent a whopping 612 million dollars for acquiring telecast rights till 2010 from India's cricket body BCCI.