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Valuation of a Cable Television System

Valuation of a Cable Television System by Zareer Pavri, Manager, Price Waterhouse, Toronto General Background The Cable Television industry is capital intensive, requiring large capital expenditures at the outset to put the required plant and physical facilities in place and subsequently, on a periodic basis. Improving technology tends to necessitate System rebuilds every few years. In 1975 and 1976, for example, many Canadian CATV companies injected a great deal of capital to expand their systems beyond 12 channels. Today, CATV systems are being designed to 36 and 47-channel capacity to accommodate new technology and services either presently or soon to be available.

Valuation of a Cable Television System by Zareer Pavri, Manager, Price Waterhouse, Toronto General Background The cable television industry is capital intensive, requiring large capital expenditures at the

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