Tata Sky pays Rs 2200 Cr as taxes including Rs. 561 Cr License fee in 2017-18
Mumbai: Tata Sky, India's leading content distribution platform, today paid Rs. 561 Cr as license fee @ 10% of revenue, for 2017-18, the highest ever payment made by a private operator to the Ministry of Information & Broadcasting.
Including the license fee, Tata Sky would have paid in excess of Rs. 2200 Cr as taxes & levies, to the government, in the year gone by.
“With the payment made today, we have paid License Fee, past & current, as per specified rates, regardless of pending litigations between the government & the platforms”, said Harit Nagpal, MD & CEO of Tata Sky.
ABOUT TATA SKY:
Tata Sky Limited, is a joint venture between Tata Sons and TFCF Corporation (formerly known as Twenty-First Century Fox, Inc.). Incorporated in 2001 and launched services in 2006, Tata Sky is India's leading content distribution platform providing Pay TV and OTT services. With the objective of connecting to the best content in the world on any budget, any screen, anytime and anywhere, Tata Sky was the first to launch multiple products and services that redefined the subscribers viewing experience in the country.
Tata Sky has been a pioneer in the HD Set top box segment having significant market share in the category. It has been continuously adding new channels and platform services across various genres and languages to beef up its content offering to cater to all segments of the audience. Tata Sky currently has its footprints spread across 1.5 lakh towns with over 18 million connections in India.
For more information on Tata Sky, visit www.tatasky.com