HFCL to venture into manufacturing of set top boxes
Himachal Futuristic Communications Limited (HFCL) is to launch set top boxes for direct to home (DTH) services. The move is aimed at tapping demand in Southeast Asia and India.
The demand for set top boxes is likely to surge in the domestic markets once DTH services get off the ground. The company is also likely to benefit from the demand from the Southeast Asian markets, where the company would command a significant price advantage.
HFCL’s decision to venture into set top boxes is a step in the right direction in view of the convergence of various technologies involving telecommunications, software and media. A successful venture would give HFCL a chance to participate in the media boom even as its telecom hardware business benefits from the surge in investments in the domestic telecommunications sector.
HFCL has lined up considerable developmental activity in this new venture, as it aims to finally bring out a multi function set top box. Such a move would definitely go a long way in consolidating the company’s first mover advantage in the domestic market.
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