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Tag: Bibhu Prasad Rath

  • Ortel loss mounts: NCLT orders insolvency process

    Ortel loss mounts: NCLT orders insolvency process

    BENGALURU: Ortel Communications Ltd (Ortel) reported a higher loss for the quarter ended 30 September 2018 (Q2 2019, period or quarter under review) as compared to the immediate trailing quarter Q1 2019 and the corresponding year ago quarter Q2 2018. On 27 November 2018, the National Company Law Tribunal, New Delhi (NCLT) passed an order for commencement of corporate insolvency resolution process (CIRP) based on an application filed by Sony Pictures Network India (SPN) which is an operational creditor of Ortel. The results for Q2 2019 pertain to the period before the CIRP.

    Ortel’s net loss after taxes for Q2 2019 more than tripled y-o-y to Rs 17.62 crore as compared to Rs 5.75 crore in Q2 2018. The company had reported loss after tax of Rs 13.48 crore for the immediate trailing quarter. Operating loss (negative EBITDA) for the period under review was Rs 3.39 crore as compared to an operating profit of Rs 12.25 crore in Q2 2018 and an operating profit of Rs 0.21 crore in Q1 2019.

    Oretl’s revenue from operations in Q2 2019 declined 34 per cent y-o-y to Rs 31.56 crore as compared to Rs 47.83 crore in Q2 2018, but was fractionally higher by 0.7 per cent q-o-q as compared to Rs 31.35 crore in Q1 2019. Total Income in Q2 2019 declined 33.4 per cent y-o-y to Rs 32.29 crore as compared to Rs 48.51 crore in Q2 2018, but was 1.8 per cent higher q-o-q than Rs 31.71 crore.

    Segment numbers

    Four segments contribute to Ortel’s revenue. They are cable TV, be, infrastructure leasing and others. Revenues from cable TV, broadband and infrastructure leasing segments declined in Q2 2019 as compared to Q2 2018.

    Ortel’s Cable TV segment’s revenue declined 32 per cent in the quarter under review to Rs 25.67 crore from Rs 37.73 crore. The segment reported an operating profit of Rs 6.03 crore in Q2 2019 as compared to an operating profit of Rs 12.16 crore in Q2 2018.

    Broadband segment’s revenue declined 44.7 per cent in Q2 2019 to Rs 3.31 crore from Rs 5.99 crore in Q2 2018. The segment’s operating profit declined to less than a fourth (declined 76.3 per cent) in Q2 2019 to Rs 0.32 crore as compared to Rs 1.34 crore in the corresponding quarter of the previous fiscal.

    Ortel’s infrastructure and leasing segment had operating revenue of Rs 1.77 crore in Q2 2019 which was 47.4 percent lower than the Rs 3.36 crore in Q2 2018. The segment’s operating profit declined 41.8 per cent in Q2 2019 to Rs 1.48 crore from Rs 2.54 crore in Q2 2018.

    The numbers for Ortel’s ‘Others’ segment are small and have not been considered in this report.

    Let us look at the other numbers reported by Ortel

    Ortel’s total expenditure in Q2 2019 declined 18.1 per cent to Rs 49.91 crore from Rs 50.53 crore in Q2 2018. Programming costs reduced 18.1 per cent in Q2 2019 to Rs 9.11 crore from Rs 11.12 crore in Q2 2018. Bandwidth costs in the quarter under review reduced 24.8 per cent to Rs 3.27 crore from Rs 4.35 crore. Finance costs in Q2 2019 reduced 6.7 per cent to Rs 6.8 crore from Rs 7.29 crore in Q2 2018. Employee benefits expense in Q2 2019 declined 9.7 per cent to Rs 4.63 crore from Rs 5.13 crore in Q2 2018. Other expenses in the quarter under review increased 19.7 per cent to Rs 17.94 crore as compared to Rs 14.98 crore in Q2 2018.

  • Competition, provision for doubtful receivables paint Ortel’s bottom line red

    Competition, provision for doubtful receivables paint Ortel’s bottom line red

    BENGALURU: Higher competitive intensity in the market, delay in collections and issues pertaining to debt repayment are some of the reasons that Indian regional cable and broadband player Ortel Communications Ltd (Ortel) says that it has incurred a loss of Rs 95.28 crore for the year ended 31 March 2018 (FY 2018, year, fiscal under review).

    Ortel president and CEO Bibhu Prasad Rath said, “Our FY 2018 was very challenging for the company due to delay in collections, higher competitive intensity in the marketplace as well as issues pertaining to debt repayment. We have been working on all these parameters with an objective to improve our overall performance in the future. As intimated in the previous quarter, the management reviewed the details of receivables and took a firm step by creating provision of Rs 679.4 million (Rs 67.94 crore) against doubtful receivables. This amount is primarily on account of disruption of services during the process of digitisation and acquisition of local operators. This significantly impacted our P&L in FY 2018.”

    However, Rath is confident of a brighter 2019. He added, “We want to start afresh in FY2019 and restore our business momentum. We have also taken many steps for increasing the net growth of our broadband business. This will result in lesser churn and higher sales thereby increasing our subscriber base and broadband revenue.”

    Segment numbers

    Three segments contribute to Ortel’s revenue. They are cable TV; broadband; and infrastructure leasing. Revenues from both cable TV and broadband segments declined in FY 2018 as compared to FY 2017.

    Ortel’s cable TV segment’s revenue declined 5.1 per cent in fiscal 2018 to Rs 145.41 crore from Rs 153.19 crore. The segment reported an operating loss of Rs 15.54 crore in FY 2018 as compared to an operating profit of Rs 61.48 crore in FY 2017.

    Broadband segment’s revenue declined 35.5 per cent in FY 2018 to Rs 23.16 crore from Rs 35.91 crore in FY 2017. The segment’s operating profit declined to less than a sixth (declined 83.5 per cent) in FY 2018 to Rs 3.13 crore as compared to Rs 18.96 crore in the previous fiscal.

    Ortel’s infrastructure and leasing segment had operating revenue of Rs 11.72 crore in FY 2018 which was 5.6 per cent more than the Rs 11.10 crore in FY 2017. The segment’s operating profit declined 15.5 percent in FY 2018 to Rs 8.92 crore from R 10.55 crore in FY 2017.

    Let us look at the other numbers reported by Ortel

    Ortel operating revenue for the year under review declined 9.4 per cent in FY 2018 to Rs 184.04 crore as compared to Rs 203.21 crore in the previous year. Total income including other income for fiscal 2018 reduced 10.1 per cent to Rs 186.20 crore as compared to Rs 207.07 crore in the previous fiscal. The company incurred an operating loss (negative EBITDA including other income) of Rs 34.85 crore in FY 2018 as compared to a positive EBITDA including other income of Rs 53.88 crore in the previous fiscal. As mentioned above, net loss for the period under review was Rs 95.28 crore as compared to a profit after tax of Rs 0.50 crore in FY 2017.

    Ortel’s total expenditure in FY 2018 declined two per cent to Rs 202.63 crore from Rs 206.81 crore in fiscal 2017. Programming costs increased 17.7 per cent in FY 2018 to Rs 45.26 crore from Rs 38.45 crore in FY 2017. Bandwidth costs in the year under review increased 6.1 per cent to Rs 18.03 crore from Rs 16.99 crore. Finance costs in FY 2018 increased 9.7 per cent to Rs 29.19 crore from Rs 26.62 crore in FY 2017.

    Also Read: Ortel takes on competition with new broadband plans

    Ortel to issue shares worth Rs 8.75 cr to promoters

    Ortel to move broadband business to new entity

  • Ortel takes on competition with new broadband plans

    Ortel takes on competition with new broadband plans

    MUMBAI: Taking a big step towards recovery, battered cable television and broadband services company Ortel Communications Limited (Ortel) has unveiled its new unlimited data plans starting from Rs 99 per month.

    Ortel, with its operations focused in Odisha, Chhattisgarh, Andhra Pradesh, Telengana, West Bengal, and Madhya Pradesh, has been a trendsetter in offering customer-centric broadband plans in accordance to the ever-changing internet ecospace in India. With its new range of unlimited plans, the company has taken the big telecom players head-on.

    The Rs.99 plan has 500 MB data limit per day @ 2Mbps, although the customer can continue browsing even after reaching the daily limit, at post FUP speed. The New Unlimited FUP Broadband Plans also have options of 1 GB daily data limit at Rs.129 per month and a multi-month package at Rs.349 wherein subscribers can enjoy 1 GB data per day at 2 Mbps speed for 3 months. These plans would cover the needs of first time users, social networking users and the price sensitive segment.

    The ‘Below 100’ plan would also enable Ortel to increase the penetration of internet ready home passes which are already available in most of the markets where it operates. With the proliferation of smartphones and other smart internet devices, consumers can use the same devices to connect to Ortel Home Wi-Fi solutions at a cheaper price and better in house speeds. The plans directly compete with the Telecom Players who offer 3G and 4G on Mobile Devices. Customers also have the option of free installation if Multi Month Subscription is paid in advance. Broadband would become more of a utility than luxury and the plans would make right to broadband access closer to reality.

    Ortel had already withdrawn the plans below 1 Mbps in the month of April 2017. With the launch of new plans, it has now withdrawn all the plans below 2 Mbps. It has introduced Unlimited FUP plans in the speed range of 5 Mbps, 10 Mbps, 20 Mbps, 50 Mbps and 100 Mbps with monthly data limits ranging from 40 GB to 1 Terabyte at very affordable price points.  

    Commenting on the development Ortel Communications president and CEO Bibhu Prasad Rath said, “Looking at the huge data consumption that is taking place in the country today, we have decided to take full advantage of this opportunity and therefore launched Unlimited Data Plan at just Rs. 99 per month. We are already providing high data limits to our customers, but now with the aggressive pricing which is even better than most of the telecom players, we aim to provide an excellent value for money to our subscribers. The objective is to increase the overall average data consumption of customers from 18 GB to 100 GB per month at pocket friendly prices.”

    Ortel is the first MSO and ISP to offer wireless broadband service at public places for its wired broadband subscribers without any additional  WiFi  Hotspot  access  charges.  Ortel Communications is a pioneer in providing convergence communication services in the country. It has revolutionized the entertainment and broadband technology in India. It has always been the Company’s  vision  to  provide  Cable  TV  and  Data  Service  on  a  single  cable  platform  to households. The Company has invested in laying its own network with reverse path compatibility making it capable of providing Triple play services including broadband and VoIP services with enormous advantages and superiority in the network. Ortel provides connection to customers directly and has full control over its ‘last mile’ network.

    Also read:

    Multiple challenges weaken Ortel numbers in second quarter

    MSO Ortel strengthens digital payment services

    Ortel elevates Satyanaryan Jena as CFO as Manoj Kumar Patra resigns

  • Multiple challenges weaken Ortel numbers in second quarter

    Multiple challenges weaken Ortel numbers in second quarter

    BENGALURU: Hit by multiple challenges, Indian regional multi-system operator (MSO) Ortel Communications Ltd (Ortel) reported lower numbers and posted net loss–the second one this fiscal–for the quarter ended 30 September 2017 (Q2 FY 2017-18). The company expects the business to stabilise one year down the line.

    Ortel president and CEO Bibhu Prasad Rath explained the performance in an earnings release, “Our performance during the quarter further weakened due to multiple challenges faced by us, including severe competition in our core market, collections shortfalls, repayment of debt as well as integration issues among others.

    “Financial year 2017-18 has been a difficult year for us on all fronts and we are actively working towards restoring the business performance. We have taken many firm steps to turnaround our performance over the last few months and we expect operations to improve going forward. However, we will take one year to fully stabilise our business. In the near term, our main effort is to improve cash collections, which will help us through this difficult phase of the company. We remain committed to our B-to-C ‘last-mile’ business model and believe it will help us through this tough operating environment.”

    Declining average revenue per user (ARPUs), higher programming costs due to increase in cable TV subscribers, and higher bandwidth costs despite a lower internet subscriber base have impacted the company’s numbers.

    Despite dropping prices for the consumer due to competition with other big internet players, the company has been losing broadband subscribers. Ortel witnessed 17.6 percent year-on-year (y-o-y) decline in the broadband subscriber base between Q2 FY 2017-18 and Q2 FY 2016-17
     

  • Change in provisions for bad debt reduces Ortel profits

    BENGALURU: The Bibhu Prasad Rath led Ortel Communications Limited (Ortel) reported less than one tenth profit after tax (PAT) for the year ended 31 March 2017 (FY-17) at Rs 1.43 crore (0.69 percent margin of Total Revenue or TIO) as compared to the Rs 11.93 crore (6.1 percent margin of TIO). Ortel reported 5.6 percent growth in total revenue at Rs 207.21 crore as compared to the Rs 196.29 crore for FY-16.

    During 2017, the company has changed the basis of estimating the provision for doubtful receivables from retail customers. Because it has ventured into new geographies, the company has now made provision for doubtful retail receivables based on the management’s best estimate as compared to the previous practise of making provisions for receivables for more than 6 months. The company has provided for Rs 24.9 crore in FY-17 as compared to Rs 16 crore in FY-16. In its earnings presentation, the company has shown a longer period for receivable days for 2017 at 115 days as compared to 61 days in the case of 2016.

    Other factors that affected the company’s profitability in FY-17 were lower Average Revenue per User (APRU) for Ortel’s cable (Rs 147 in FY-17 as compared to Rs 151 in FY-16) as well as broadband businesses (Rs 375 in FY-17 as compared to Rs 398 in FY-16).  

    Further, the company’s broadband bandwith cost more than doubled to Rs 17 crore in FY-17 from Rs 8.32 crore in the previous year which Ortel says is a result of higher intercity carrying costs for expansion of digital services.

    Ortel’s cable subscriber base in FY-17 increased to 7,50,471 from 6,28,710 in FY-16. Broadband subscriber base in FY-17 increased to 73,087 from 72,482 in FY-16.

    Ortel’s revenue growth was due to 22 percent growth in Cable TV revenues in FY-17 to Rs 159.6 crore from Rs 130.5 crore in FY-16 while Broadband revenues reported a growth of 7 percent at Rs 35.3 crore in FY-17 from Rs 32.9 crore in FY-16. EBIDTA for fiscal 2017 was 55.1 crore as compared to Rs 70.3 crore in the previous year.

    Total expenditure for FY-17 increased 13.5 percent higher at Rs 205.78 crore as compared to Rs 181.30 crore in FY-16. Programming cost increased 2.5 percent in FY-17 to Rs 38.45 crore as compared to Rs 37.51 crore in FY-16. Employee Benefits Expense in FY-17 increased 9.2 percent to Rs 24.56 crore from Rs 22.50 crore in FY-16.

    Company speak:

    Ortel CEO Rath said, “Second half of FY2017 has been a challenging period for the Company with key operating parameters performing below our expectations. However, I am happy to share that we have reported some improvement during Q4 and the management’s thrust in the coming quarters will be to significantly enhance the overall operational performance.
    We have sustained the positive EBITDA momentum in the Non-Odisha Markets. As we consolidate our new subscriber base in relatively new states like Andhra and Telangana and improve key metrics, we hope to continue delivering similar results.

    We have consciously slowed inorganic acquisitions as we look to first demonstrate the strength of owning and controlling the ‘last mile’ from the existing subscriber base. So on the back of our exceptional ‘last mile’ business model, we anticipate a marked improvement in financial and operational performance in FY18.”

     

  • Ortel MSO offers 1 TB plan at 100 Mbps with free digital TV

    MUMBAI: Ortel Communications has unveiled its one terabyte at a mega speed of 100 Mbps priced at Rs. 4,999. Ortel has also announced the withdrawal of all its data plans below 1 Mbps speed.

    The new plans are available from Rs. 299 onwards and the choice of speeds can range upto 100 Mbps for homes, whereas the SMEs and corporate can choose their speeds even beyond 100 Mbps using fiber leased lines. Existing customers will automatically be upgraded to this speed, thus enhancing their overall browsing experience. The data limits too have been increased multi-fold at nominal prices.

    The company plans to increase the number of hotspots considerably during the current year. Earlier, it had offered Free Broadband to its existing Digital TV subscribers.

    Ortel Communications president and CEO Bibhu Prasad Rath said, “Ortel is constantly innovating to provide a superior experience and value to its customers. Keeping this dimension in mind, Ortel has unveiled its one terabyte data plan on the DOCSIS 3.0 platform at 100 Mbps speed with complimentary Digital TV subscription.”

    Customers can avail plans with the download limits of 10 GB to 200 GB before they can migrate to a terabyte plan. Ortel is also offering its digital TV services free as a double bonanza for all the customers opting for the One TB Plan.

  • Analysis: Ortel Q3 numbers take a hit

    BENGALURU: Despite a 6.5 percent year-over-year (y-o-y) increase in Total Income from Operations (TIO), the Bibhu Prasad Rath led regional cable television and broadband internet player Ortel Communications Limited (Ortel) reported a net loss for the quarter ended 31 December 2016 (Q3-17, current quarter) as compared to a profit after tax (PAT) reported for the corresponding quarter of the previous year (Q3-16). The company reported a net loss of Rs 2.78 crore in Q3-17 as compared to a profit after tax (PAT) Rs 3.89 crore in Q3-16 and a PAT of Rs 2.54 crore in the immediate trailing quarter Q2-17.

    The company has been hit by various factors, two of the four being demonitisation and increased competition in broadband internet services. Though Rath did not name the competition during a telecom with www.indiantelevision.com, the first moniker that comes to mind when one speaks of competition in broadband in India is Reliance Jio. The company’s Q3-17 numbers indicate that it has lost 8.4 percent or 6,679 broadband subscribers and its broadband ARPU had declined quarter-over-quarter (q-o-q) to Rs 394 from Rs 406 in the immediate trailing quarter. Ortel closed Q3-17 with 72,503 subscribers as compared to 79,182 in Q2-17 and 67,709 subscribers at the end ofQ3-16.

    The third reason was the steep decline in Ortel’s infrastructure and leasing business. Another reason for the loss was a higher provision for bad debts (an expense head) in Q3-17 – this was Rs 8.33 crore in Q3-17 as compared to Rs 3.76 crore for the year ago quarter and Rs 6.61 crore in the immediate trailing quarter.

    However, Rath informed that his company’s broadband subscriber base has already shown positive growth in January 2017 and that the improved broadband results for the final quarter should improve. Rath also revealed data consumption per user has gone up in Q3-17 by about 1 GB as compared to the previous quarter because of more packages being made available and lowering of data prices.

    Since it went public, Ortel has generally been reporting profits, more so over the past six-seven quarters, and TRath said that he expected the situation to normalise and the return of net profits within a couple of quarters.

    Company speak

    In the company’s earnings release, Rath said, “Our performance during the quarter was impacted due to a combination of factors which weakened some of our key operating parameters. In spite of this, we have demonstrated a healthy growth in revenues from both Cable TV and Broadband Business on a y-o-y basis both for Q3 and 9M-17. I am also happy to inform that our Business outside Odisha which turned
    EBIDTA positive last quarter has remained so during this quarter.

    Overall, we have demonstrated that a strong B2C focused last mile business model in our core market can be profitable and remain confident of replicating the same across newer markets. We continue to believe that this is a sustainable model as we can capture the entire revenue stream across the value chain.”

    Cable Subscription numbers (revenue generating units – RGUs’), ARPU

    During the current quarter, the total subscribers (both cable and television) stood at 738,963 subscribers. Net addition in Q3-17 stood at 13,256.

    Analog and Digital TV ARPU stood as Rs. 150 per month and Rs. 152 per month for Q3-17 and Q3-16 respectively. For the immediate trailing quarter, ARPU was Rs 153.

    Broadband numbers have been mentioned above.

    Let us look at the other numbers reported by Ortel

    Cable TV revenue in Q3-17 increased 25 percent y-o-y to Rs 40 crore from Rs 32 crore in Q3-16, but declined 4.8 percent q-o-q from Rs 42 crore.

    Cable TV Activation fees or connection fees in Q3-17 were more than 2.6 times at Rs 2.5 crore as compared to Rs 1 crore in Q3-16, but declined 40.8 percent q-o-q from Rs 4.2 crore.

    Cable TV subscription revenue in Q3-17 increased 41.1 percent y-o-y to Rs 30 crore from Rs 21.2 crore in Q3-16 and increased 1 percent q-o-q from Rs 29.7 crore. Channel carriage fees in the current quarter declined 23.2 percent y-o-y to Rs 7.5 crore from Rs 9.8 crore and declined 7.4 percent q-o-q from Rs 8.1 crore.

    Broadband services revenue in Q3-17 increased 5.7 percent to Rs 8.7 crore from Rs 8.3 crore in Q3-16 but declined 12.6 percent q-o-q from Rs 10 crore. Internet connection fees in Q3-17 declined 60.5 percent y-o-y to Rs 0.2 crore from Rs 0.6 crore and declined 50.8 percent q-o-q from Rs 0.5 crore. Internet subscription fees in Q3-17 increased 10.5 percent y-o-y to Rs 8.5 crore from Rs 7.7 crore but declined 10.6 percent q-o-q from Rs 9.5 crore.

    Total expenses (TE) in Q3-17 increased 19.4 percent y-o-y to Rs 47.48 crore as compared to Rs 39.78 crore, and increased 7.3 percent q-o-q from Rs 44.37 crore.

    Programming cost in Q3-17 were almost flat (increased 0.6) percent y-o-y at Rs. 9.18 crore as compared to Rs 9.13 crore and increased 6.3 percent from Rs 8.64 crore. Employee expenses during the current quarter stood 9.7 percent higher y-o-y at Rs. 6.32 crore as compared to Rs 5.76 crore, and increased 4.9 percent q-o-q from Rs 6.03 crore.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Ortel 9M FY17: Cable TV rev grew by 35pc, broadband by 18pc, income by 12pc

    MUMBAI: Ortel Communications Limited (Ortel), one of the leading cable television and high speed broadband service providers focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Telengana, West Bengal and Madhya Pradesh, announced its financial results for the quarter and nine-months ended 31 December, 2016.

    Ortel has built a two-way communication network for ‘Triple Play’ services (video, data and voice capabilities) with control and focus over the ‘Last Mile’ network. Ortel has pioneered the primary point cable business model in India by offering digital and analog cable television, broadband and VAS services. It covers an addressable market of close to five million homes.

    9M FY2017 performance overview compared with 9M FY2016

    •    Total Income increased to Rs. 1,590million, from Rs. 1,416 million, up by 12.3%
    •    EBITDA stood at Rs. 428 million compared to Rs. 519 million
    o    EBITDA margin came in at 26.9%
    •    Profit After Tax came in at Rs. 6 million compared to Rs. 92 million
    •    EPS amounted to Rs. 0.21per share Q3 FY2017 performance overview compared with Q3 FY2016
    •    Total Income increased to Rs. 518 millionfrom Rs. 502 million, up by 3.2%
    •    EBITDA stood at Rs. 118 millioncompared to Rs. 187 million
    o    EBITDA margin came in at 22.8%
    •    Net Loss stood at Rs. 28 million compared to Net Profit of Rs. 39 million
    •    EPS amounted to Rs. -0.92per share

    Commenting on the performance, Ortel Communications president & CEO Bibhu Prasad Rath said, “Our performance during the quarter was impacted due to a combination of factors which weakened some of our key operating parameters. In spite of this, we have demonstrated a healthy growth in revenues from both Cable TV and Broadband Business on a Y-o-Y basis both for Q3 and 9M FY17. I am also happy to inform that our Business outside Odisha which turned EBIDTA positive last quarter has remained so during this quarter,” he said.

    “Overall, we have demonstrated that a strong B2C focused last mile business model in our core market can be profitable and remain confident of replicating the same across newer markets. We continue to believe that this is a sustainable model as we can capture the entire revenue stream across the value chain,” Rath added.

    Ortel’s business is broadly divided into cable television services comprising of analog cable television services, digital cable television services including other value added services such as HD services, near video on demand (NVoD), gaming and local content. Other focused business segments include broadband services, leasing of fibre infrastructure and signal uplinking services.

  • MSO Ortel strengthens digital payment services

    MSO Ortel strengthens digital payment services

    MUMBAI: Multi-system operator Ortel Communications Limited (Ortel) has launched its new digital bill payment option using Paytm.

    Ortel has made several efforts to bring in an easy way of paying bills for its customers. Apart from debit cards, credit cards, and net banking, customers of Ortel Communications can now pay their bills through mobile wallet, Paytm, without using cash. It further strengthens its digital payment options to reduce cash transactions for its customers offering more simplicity in their bill payment systems.

    Commenting on the development, Ortel CEO and president Bibhu Prasad Rath, “We had already adopted online payment facilities in 2010 with an endeavor to provide our customers with multiple payment options. In addition to our online payment gateways, we will continue to provide more digital options to our customers as per their choice and convenience.”

    Ortel services providers focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Telengana, Madhya Pradesh, and West Bengal.

  • MSO Ortel strengthens digital payment services

    MSO Ortel strengthens digital payment services

    MUMBAI: Multi-system operator Ortel Communications Limited (Ortel) has launched its new digital bill payment option using Paytm.

    Ortel has made several efforts to bring in an easy way of paying bills for its customers. Apart from debit cards, credit cards, and net banking, customers of Ortel Communications can now pay their bills through mobile wallet, Paytm, without using cash. It further strengthens its digital payment options to reduce cash transactions for its customers offering more simplicity in their bill payment systems.

    Commenting on the development, Ortel CEO and president Bibhu Prasad Rath, “We had already adopted online payment facilities in 2010 with an endeavor to provide our customers with multiple payment options. In addition to our online payment gateways, we will continue to provide more digital options to our customers as per their choice and convenience.”

    Ortel services providers focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Telengana, Madhya Pradesh, and West Bengal.