ITV

Category: Multi System Operators

  • Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    BENGALURU: Den Networks Ltd reported 31 per cent YoY growth in consolidated Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 352.18 crore as compared to Rs 268.81 crore. TIO increased 29.8 per cent QoQ as compared to Rs 271.29 crore. The company reported EBIDTA of Rs 42.99 crore (12.2 per cent margin) in the current quarter as compared to an operating profit of Rs 0.28 crore (0.1 per cent margin) in Q3-2015 and an operating loss of Rs 11.27 crore in the immediate trailing quarter.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Den reported a lower YoY and QoQ consolidated loss of Rs 48.37 crore in the current quarter as compared to a loss of Rs 62.60 crore in Q3-2015 and a loss of Rs 75.23 crore in the immediate trailing quarter.

     

    Segment Revenue

     

    Three segments contribute to Den’s revenue: Cable distribution network segment (Cable); Broadband segment and Soccer segment

     

    Cable segment reported 26.3 per cent YoY revenue growth at Rs 326.43 crore as compared to Rs 258.55 crore and 24.1 per cent QoQ growth as compared to Rs 263.06 crore. The cable segment reported an operating profit of Rs 32.64 crore, an operating loss of Rs 0.35 crore in Q3-2015 and an operating loss of Rs 32.11 crore in the immediate trailing quarter.

     

    The company’s broadband segment revenue increased by over five times YoY (5.5 times) at Rs 11.96 crore (3.4 per cent of TIO) as compared to Rs 2.17 crore (0.8 per cent of TIO) and increased 58 per cent QoQ as compared to Rs 8.23 crore (three per cent of TIO). The segment’s YoY operating loss increased to Rs 19.57 crore as compared to Rs 12.37 crore, but reduced QoQ as compared to Rs 23.07 crore.

     

    Den’s Soccer segment reported revenue of Rs 13.97 crore as compared to Rs 8.09 crore in Q3-2015 and nil revenue in Q2-2016. Soccer segment reported lower YoY operating loss of Rs 26.11 crore as compared to Rs 35.21 crore, but higher QoQ than the Rs 8.57 crore.

     

    Den’s Total Expenditure in the current quarter increased 15.3 per cent YoY to Rs 365.23 crore (103.7 per cent of TIO) as compared to Rs 316.74 crore (117.8 per cent of TIO) and increased nine per cent QoQ as compared to Rs 335.04 crore (123.5 per cent).

     

    Content cost in Q3-2016 increased 19.9 per cent YoY to Rs 131.94 crore (37.5 per cent of TIO) as compared to Rs 110.06 crore (40.9 per cent of TIO), but reduced 3.5 per cent YoY as compared to Rs 136.77 crore (50.4 per cent of TIO).

     

    Finance costs in the current quarter reduced 15.7 per cent YoY to Rs 19.73 crore (5.6 per cent of TIO) as compared to Rs 23.41 crore (8.7 per cent of TIO) and reduced 7.2 per cent QoQ as compared to Rs 21.25 crore (7.8 per cent of TIO).

  • Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    Q3-2016: Den revenue up 31%, reports operating profit of Rs 43 crore

    BENGALURU: Den Networks Ltd reported 31 per cent YoY growth in consolidated Total Income from operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 352.18 crore as compared to Rs 268.81 crore. TIO increased 29.8 per cent QoQ as compared to Rs 271.29 crore. The company reported EBIDTA of Rs 42.99 crore (12.2 per cent margin) in the current quarter as compared to an operating profit of Rs 0.28 crore (0.1 per cent margin) in Q3-2015 and an operating loss of Rs 11.27 crore in the immediate trailing quarter.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Den reported a lower YoY and QoQ consolidated loss of Rs 48.37 crore in the current quarter as compared to a loss of Rs 62.60 crore in Q3-2015 and a loss of Rs 75.23 crore in the immediate trailing quarter.

     

    Segment Revenue

     

    Three segments contribute to Den’s revenue: Cable distribution network segment (Cable); Broadband segment and Soccer segment

     

    Cable segment reported 26.3 per cent YoY revenue growth at Rs 326.43 crore as compared to Rs 258.55 crore and 24.1 per cent QoQ growth as compared to Rs 263.06 crore. The cable segment reported an operating profit of Rs 32.64 crore, an operating loss of Rs 0.35 crore in Q3-2015 and an operating loss of Rs 32.11 crore in the immediate trailing quarter.

     

    The company’s broadband segment revenue increased by over five times YoY (5.5 times) at Rs 11.96 crore (3.4 per cent of TIO) as compared to Rs 2.17 crore (0.8 per cent of TIO) and increased 58 per cent QoQ as compared to Rs 8.23 crore (three per cent of TIO). The segment’s YoY operating loss increased to Rs 19.57 crore as compared to Rs 12.37 crore, but reduced QoQ as compared to Rs 23.07 crore.

     

    Den’s Soccer segment reported revenue of Rs 13.97 crore as compared to Rs 8.09 crore in Q3-2015 and nil revenue in Q2-2016. Soccer segment reported lower YoY operating loss of Rs 26.11 crore as compared to Rs 35.21 crore, but higher QoQ than the Rs 8.57 crore.

     

    Den’s Total Expenditure in the current quarter increased 15.3 per cent YoY to Rs 365.23 crore (103.7 per cent of TIO) as compared to Rs 316.74 crore (117.8 per cent of TIO) and increased nine per cent QoQ as compared to Rs 335.04 crore (123.5 per cent).

     

    Content cost in Q3-2016 increased 19.9 per cent YoY to Rs 131.94 crore (37.5 per cent of TIO) as compared to Rs 110.06 crore (40.9 per cent of TIO), but reduced 3.5 per cent YoY as compared to Rs 136.77 crore (50.4 per cent of TIO).

     

    Finance costs in the current quarter reduced 15.7 per cent YoY to Rs 19.73 crore (5.6 per cent of TIO) as compared to Rs 23.41 crore (8.7 per cent of TIO) and reduced 7.2 per cent QoQ as compared to Rs 21.25 crore (7.8 per cent of TIO).

  • Hathway launches dedicated online portal for LCOs

    Hathway launches dedicated online portal for LCOs

    MUMBAI: With an aim to redefine, transform business dynamics and further strengthen the role of the local cable operator (LCO) in the distribution chain, Hathway has launched a special initiative – Hathway Connect.

     

    Launched in Bangalore on 28 January, Hathway Connect is designed to make the lives of LCOs easy and convenient by providing technology and support through a dedicated online portal, which will have detailed features that will allow the LCO to run his business efficiently and effectively, in turn, offering better quality and high standard customer experience.

     

    Hathway Cable & Datacom CEO and managing director Jagdish Kumar said, “In the era of technology and digitisation, the world is shrinking and we are living technology. The C&S industry in India has seen major changes in the last 5 years and as we move forward, technology will form an integral part of how the cable industry performs and matches customer expectations. Through Hathway Connect, we aim to empower our LCO partners with technology and business tools that will upgrade the way they do business on a daily basis and transform customer experience.”

     

    The digitisation era has raised several questions about the existence of the LCO in the cable value chain. With this disruptive move, Hathway aims to strengthen the role of the LCO even further in reaching out to its subscribers and delivering world-class entertainment with unmatched customer service levels.

     

    Hathway Cable & Datacom president – video business TS Panesar added, “Our LCO partners have been the backbone of this industry, the heart of our business, which we truly recognise and appreciate. Through the new online portal, we aim to empower them to run their business independently and upgrade customer experience levels, thus, becoming competitive with the industry.”

     

    Some salient features that the online portal offers are: online activation of new customer (E-CAF), pack management, balance management including integration with bill desk, customer prepaid option, sending customised notifications to subscribers, specialised LCO help desk and self-care through mobile app amongst many others.

     

    Panesar said that these features will help LCOs scale up operations, create efficient and seamless processes with the overall objective of giving customers the best offering.

  • Hathway launches dedicated online portal for LCOs

    Hathway launches dedicated online portal for LCOs

    MUMBAI: With an aim to redefine, transform business dynamics and further strengthen the role of the local cable operator (LCO) in the distribution chain, Hathway has launched a special initiative – Hathway Connect.

     

    Launched in Bangalore on 28 January, Hathway Connect is designed to make the lives of LCOs easy and convenient by providing technology and support through a dedicated online portal, which will have detailed features that will allow the LCO to run his business efficiently and effectively, in turn, offering better quality and high standard customer experience.

     

    Hathway Cable & Datacom CEO and managing director Jagdish Kumar said, “In the era of technology and digitisation, the world is shrinking and we are living technology. The C&S industry in India has seen major changes in the last 5 years and as we move forward, technology will form an integral part of how the cable industry performs and matches customer expectations. Through Hathway Connect, we aim to empower our LCO partners with technology and business tools that will upgrade the way they do business on a daily basis and transform customer experience.”

     

    The digitisation era has raised several questions about the existence of the LCO in the cable value chain. With this disruptive move, Hathway aims to strengthen the role of the LCO even further in reaching out to its subscribers and delivering world-class entertainment with unmatched customer service levels.

     

    Hathway Cable & Datacom president – video business TS Panesar added, “Our LCO partners have been the backbone of this industry, the heart of our business, which we truly recognise and appreciate. Through the new online portal, we aim to empower them to run their business independently and upgrade customer experience levels, thus, becoming competitive with the industry.”

     

    Some salient features that the online portal offers are: online activation of new customer (E-CAF), pack management, balance management including integration with bill desk, customer prepaid option, sending customised notifications to subscribers, specialised LCO help desk and self-care through mobile app amongst many others.

     

    Panesar said that these features will help LCOs scale up operations, create efficient and seamless processes with the overall objective of giving customers the best offering.

  • Siticable & Fastway resolve dispute; yet to sign interconnect agreement

    Siticable & Fastway resolve dispute; yet to sign interconnect agreement

    NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has asked Siticable Services Pvt Ltd not to re-transmit the signals of any broadcasters in the area of Panchkula unless a proper interconnect agreement with Fastway Transmission comes into existence.

     

    Earlier, TDSAT chairtman Justice Aftab Alam and members Kuldip Singh and B B Srivastava were told that both sides had arrived at an agreement.

     

    TDSAT disposed of the petition after it was told that all that remained was the formal execution of the interconnect agreement.

     

    The petition had been filed by Fastway against Siticable and Star India.

  • Siticable & Fastway resolve dispute; yet to sign interconnect agreement

    Siticable & Fastway resolve dispute; yet to sign interconnect agreement

    NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has asked Siticable Services Pvt Ltd not to re-transmit the signals of any broadcasters in the area of Panchkula unless a proper interconnect agreement with Fastway Transmission comes into existence.

     

    Earlier, TDSAT chairtman Justice Aftab Alam and members Kuldip Singh and B B Srivastava were told that both sides had arrived at an agreement.

     

    TDSAT disposed of the petition after it was told that all that remained was the formal execution of the interconnect agreement.

     

    The petition had been filed by Fastway against Siticable and Star India.

  • Nandita Swamy quits Hathway Bhawani as independent director

    Nandita Swamy quits Hathway Bhawani as independent director

    MUMBAI: Hathway Bhavani Cable Tel & Datacom Limited’s Nandita Swamy has quit as an independent director and tendered her resignation as director with effect from 22 January. 

     

    With more than 20 years of experience, Swamy was independent director at the company since 31 March, 2015. 

     

    Swamy served as whole time director of the Vidal Health group where she handled finance and corporate affairs. She also acts as consultant for companies such as Price Waterhouse Tax, Hong Kong, TTK Healthcare TPA, Swiss Re Healthcare Services and Nova Medical Centers.

  • Nandita Swamy quits Hathway Bhawani as independent director

    Nandita Swamy quits Hathway Bhawani as independent director

    MUMBAI: Hathway Bhavani Cable Tel & Datacom Limited’s Nandita Swamy has quit as an independent director and tendered her resignation as director with effect from 22 January. 

     

    With more than 20 years of experience, Swamy was independent director at the company since 31 March, 2015. 

     

    Swamy served as whole time director of the Vidal Health group where she handled finance and corporate affairs. She also acts as consultant for companies such as Price Waterhouse Tax, Hong Kong, TTK Healthcare TPA, Swiss Re Healthcare Services and Nova Medical Centers.

  • Liberty-owned MSO Virgin Media to axe 900 jobs over 2 years

    Liberty-owned MSO Virgin Media to axe 900 jobs over 2 years

    MUMBAI: Liberty Global owned MSO Virgin Media is planning to axe as many as 900 jobs in the UK over the next two years.

     

    In this business reorganisation exercise, the company said it will now focus on network expansion. As a part of the restructuring, some employees will also be moved to other roles within the company.

     

    Virgin Media CEO Tom Mockridge “Over the last three years Virgin Media has been transformed. We’re expanding, investing and growing our business. The proposed reorganisation will give us an even sharper focus on the customer, network expansion and business growth.”

     

    Virgin Media, which is one of the UK’s biggest telecommunications brands, providing fixed and mobile telephone, TV, and broadband internet services, was bought by American tycoon John Malone’s Liberty Global in 2013 for ?15 billion.

  • Liberty-owned MSO Virgin Media to axe 900 jobs over 2 years

    Liberty-owned MSO Virgin Media to axe 900 jobs over 2 years

    MUMBAI: Liberty Global owned MSO Virgin Media is planning to axe as many as 900 jobs in the UK over the next two years.

     

    In this business reorganisation exercise, the company said it will now focus on network expansion. As a part of the restructuring, some employees will also be moved to other roles within the company.

     

    Virgin Media CEO Tom Mockridge “Over the last three years Virgin Media has been transformed. We’re expanding, investing and growing our business. The proposed reorganisation will give us an even sharper focus on the customer, network expansion and business growth.”

     

    Virgin Media, which is one of the UK’s biggest telecommunications brands, providing fixed and mobile telephone, TV, and broadband internet services, was bought by American tycoon John Malone’s Liberty Global in 2013 for ?15 billion.