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Tag: Den Networks

  • S.N. Sharma quits Reliance

    S.N. Sharma quits Reliance

    MUMBAI: Cable distribution veteran SN Sharma has quit Reliance Jio, a subsidiary of Mukesh Ambani promoted Reliance Industries Ltd (RIL).

    Sources in RIL confirmed that Sharma has put in his papers last week.

    Sharma had joined RIL’s media-cum-telecom venture Reliance Jio in 2015  and was brought on board to lead the cable distribution business of the organisation.

    RIL, which through a subsidiary company has a licence to operate as an MSO, had also brought in former Hathway Datacom chief executive K. Jayaraman to head its distribution business and Sharma reported into him.

    As part of  Reliance Jio, Sharma and Jayaraman were entrusted to build a business plan for distribution of TV channels owned by Reliance that were managed under Network18 Media and Investments Ltd.

    With an experience of more than 20 years in electronic media and cable distribution, Sharma is credited with playing a crucial role in building thw Sameer Manchanda-promoted Den Networks and Rahejas-owned Hathway.

    RIL, which owns and controls the Network18 group that operates a clutch of TV channels, has widespread interest in media, telecom, petroleum and energy sectors.

    Through its subsidiary TV18 Broadcast Limited, the group operates news channels CNBC-TV18, CNBC Awaaz, CNBC Bajar, CNBC-TV18 Prime HD, CNN-News18, IBN7, ETV channels, IBN-Lokmat (a Marathi regional news channel in partnership with the Lokmat group), apart from the newly-launched  FYI TV18.

    TV18 also operates a joint venture with Viacom, called Viacom18, which houses a portfolio of popular entertainment channels like Colors, Colors HD, Colors Infinity, Rishtey, MTV India, MTV Indies, Comedy Central, Vh1, Nick, Sonic, Nick Jr, Teen Nick and Viacom18 Motion Pictures.

  • S.N. Sharma quits Reliance

    S.N. Sharma quits Reliance

    MUMBAI: Cable distribution veteran SN Sharma has quit Reliance Jio, a subsidiary of Mukesh Ambani promoted Reliance Industries Ltd (RIL).

    Sources in RIL confirmed that Sharma has put in his papers last week.

    Sharma had joined RIL’s media-cum-telecom venture Reliance Jio in 2015  and was brought on board to lead the cable distribution business of the organisation.

    RIL, which through a subsidiary company has a licence to operate as an MSO, had also brought in former Hathway Datacom chief executive K. Jayaraman to head its distribution business and Sharma reported into him.

    As part of  Reliance Jio, Sharma and Jayaraman were entrusted to build a business plan for distribution of TV channels owned by Reliance that were managed under Network18 Media and Investments Ltd.

    With an experience of more than 20 years in electronic media and cable distribution, Sharma is credited with playing a crucial role in building thw Sameer Manchanda-promoted Den Networks and Rahejas-owned Hathway.

    RIL, which owns and controls the Network18 group that operates a clutch of TV channels, has widespread interest in media, telecom, petroleum and energy sectors.

    Through its subsidiary TV18 Broadcast Limited, the group operates news channels CNBC-TV18, CNBC Awaaz, CNBC Bajar, CNBC-TV18 Prime HD, CNN-News18, IBN7, ETV channels, IBN-Lokmat (a Marathi regional news channel in partnership with the Lokmat group), apart from the newly-launched  FYI TV18.

    TV18 also operates a joint venture with Viacom, called Viacom18, which houses a portfolio of popular entertainment channels like Colors, Colors HD, Colors Infinity, Rishtey, MTV India, MTV Indies, Comedy Central, Vh1, Nick, Sonic, Nick Jr, Teen Nick and Viacom18 Motion Pictures.

  • Den Network‘s broadband subscribers quadrupled in FY-16

    Den Network‘s broadband subscribers quadrupled in FY-16

    BENGALURU: Den Networks Ltd (Den) reported 413 percent growth in broadband customers in the fiscal ended 31 March 2016 (FY-16, current year) as compared to FY-15. The company reported 95,000 in the current year as compared to 23,000 in the previous year. For the quarter ended 31 March 2015 (Q4-16, current quarter) Den add 19,000 broadband (20 percent quarter-over-quarter or q-o-q growth), it had 76,000 subscribers in Q3-16. Its Broadband segment operating revenue increased to fivefold in FY-16 as compared to FY-15. Broadband segment’s revenue in FY-16 was Rs 40.62 crore as compared to Rs 8.08 crore in the previous year. Broadband average revenue per user (ARPU) in Q4-16 was Rs 780, Rs 20 more than the ARPU of Rs 760 in the immediate trailing quarter and Rs 21 more than the ARPU of Rs 759 in the corresponding year ago quarter.

    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.

    Den’s broadband segment’s operating loss in the current year increased to Rs 78.26 crore as compared to an operating loss of Rs 47.06 crore in the previous year.
    Post Activation Broadband revenue in Q4-16 also more than quadrupled (450 percent) year-over-year (y-o-y) at Rs 15.23 crore as compared to Rs 3.43 crore and increased 27.3 percent q-o-q from Rs 11.96 crore.

    Broadband segment’s operating loss in the current quarter was higher y-o-y as Rs 16.12 crore as compared to Rs 15.46 crore, but lower q-o-q as compared to Rs 19.57 crore

    For other financials from Den, please click here: http://www.indiantelevision.com/cable-tv/multi-system-operators/den-networks-cable-business-reports-op-profit-broadband-op-revenue-up-fivefold-160530

     

  • Den Network‘s broadband subscribers quadrupled in FY-16

    Den Network‘s broadband subscribers quadrupled in FY-16

    BENGALURU: Den Networks Ltd (Den) reported 413 percent growth in broadband customers in the fiscal ended 31 March 2016 (FY-16, current year) as compared to FY-15. The company reported 95,000 in the current year as compared to 23,000 in the previous year. For the quarter ended 31 March 2015 (Q4-16, current quarter) Den add 19,000 broadband (20 percent quarter-over-quarter or q-o-q growth), it had 76,000 subscribers in Q3-16. Its Broadband segment operating revenue increased to fivefold in FY-16 as compared to FY-15. Broadband segment’s revenue in FY-16 was Rs 40.62 crore as compared to Rs 8.08 crore in the previous year. Broadband average revenue per user (ARPU) in Q4-16 was Rs 780, Rs 20 more than the ARPU of Rs 760 in the immediate trailing quarter and Rs 21 more than the ARPU of Rs 759 in the corresponding year ago quarter.

    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.

    Den’s broadband segment’s operating loss in the current year increased to Rs 78.26 crore as compared to an operating loss of Rs 47.06 crore in the previous year.
    Post Activation Broadband revenue in Q4-16 also more than quadrupled (450 percent) year-over-year (y-o-y) at Rs 15.23 crore as compared to Rs 3.43 crore and increased 27.3 percent q-o-q from Rs 11.96 crore.

    Broadband segment’s operating loss in the current quarter was higher y-o-y as Rs 16.12 crore as compared to Rs 15.46 crore, but lower q-o-q as compared to Rs 19.57 crore

    For other financials from Den, please click here: http://www.indiantelevision.com/cable-tv/multi-system-operators/den-networks-cable-business-reports-op-profit-broadband-op-revenue-up-fivefold-160530

     

  • Den Networks Cable business reports op profit, Broadband op revenue up fivefold

    Den Networks Cable business reports op profit, Broadband op revenue up fivefold

    BENGALURU: Den Networks Ltd (Den) Cable Distribution Network segment reported an operating profit of Rs 8.14 crore in in the fiscal ended 31 March 2016 (FY-16, current year) as compared a loss of Rs 0.43 crore in  FY-15. Its Broadband segment operating revenue increased to fivefold in FY-16 as compared to FY-15. Broadband segment’s revenue in FY-16 was Rs 40.62 crore as compared to Rs 8.08 crore in the previous year.

    The company reported 11.4 percent growth in consolidated Total Income from operations (TIO) as compared to the previous year. Den reported TIO in FY-16 of Rs 1,256.58 crore as compared to Rs 1,129.64 crore in the previous year.

    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.

    Den’s operating profit (Earnings before interest, depreciation and amortisation) including other income increased 7.1 percent to Rs 193.03 crore (15.3 percent EBIDTA margin on TIO) as compared to Rs 180.23 crore (16 percent EBIDTA margin on TIO) in FY-15.

    Segment Revenue

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

    Cable Distribution segment reported operating revenue growth of 7.2 percent in FY-16 to Rs 1,193.55 crore as compared to Rs 1,113.46 crore in the previous year. The segment’s comparative operating profit numbers have been mentioned above.

    Den’s Broadband segment revenue numbers have been mentioned above.  The segment’s operating loss increased to Rs 78.26 crore as compared to an operating loss of Rs 47.06 crore in the previous year.

    Den’s Soccer segment reported revenue of Rs 24.1 crore, triple as compared to Rs 8.08 crore in FY-15. Soccer segment reported lower operating loss of Rs 34.15 crore in the current year as compared to an operating loss Rs 46.05 crore in the previous year.

    Let us look at the other numbers reported by Den

    Den’s loss for the current year increased to Rs 260.92 crore as compared to a loss of Rs 144.01 crore in the previous year

    Den’s Total Expenditure in the current year increased 11.4 percent to Rs 1,362.85 crore (108.3 percent of TIO) as compared to Rs 1,223.18 crore (108.3 percent of TIO).

    Content cost in FY-16 increased 12.4 percent to Rs 510.16 crore (40.5 percent of TIO) as compared to Rs 454.52 crore (40.2 percent of TIO) in FY-15.

    Finance costs in the current year increased 3.1 percent to Rs 84.89 crore (6.7 per cent of TIO) as compared to Rs 82.30 crore (7.3 percent of TIO) in the previous year.

    Employee Benefit Expense (EBE) in FY-16 increased 24.5 percent to Rs 137.77 crore (10.9 percent of TIO) from Rs 110.70 crore (9.8 percent of TIO) in FY-15.

  • Den Networks Cable business reports op profit, Broadband op revenue up fivefold

    Den Networks Cable business reports op profit, Broadband op revenue up fivefold

    BENGALURU: Den Networks Ltd (Den) Cable Distribution Network segment reported an operating profit of Rs 8.14 crore in in the fiscal ended 31 March 2016 (FY-16, current year) as compared a loss of Rs 0.43 crore in  FY-15. Its Broadband segment operating revenue increased to fivefold in FY-16 as compared to FY-15. Broadband segment’s revenue in FY-16 was Rs 40.62 crore as compared to Rs 8.08 crore in the previous year.

    The company reported 11.4 percent growth in consolidated Total Income from operations (TIO) as compared to the previous year. Den reported TIO in FY-16 of Rs 1,256.58 crore as compared to Rs 1,129.64 crore in the previous year.

    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.

    Den’s operating profit (Earnings before interest, depreciation and amortisation) including other income increased 7.1 percent to Rs 193.03 crore (15.3 percent EBIDTA margin on TIO) as compared to Rs 180.23 crore (16 percent EBIDTA margin on TIO) in FY-15.

    Segment Revenue

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

    Cable Distribution segment reported operating revenue growth of 7.2 percent in FY-16 to Rs 1,193.55 crore as compared to Rs 1,113.46 crore in the previous year. The segment’s comparative operating profit numbers have been mentioned above.

    Den’s Broadband segment revenue numbers have been mentioned above.  The segment’s operating loss increased to Rs 78.26 crore as compared to an operating loss of Rs 47.06 crore in the previous year.

    Den’s Soccer segment reported revenue of Rs 24.1 crore, triple as compared to Rs 8.08 crore in FY-15. Soccer segment reported lower operating loss of Rs 34.15 crore in the current year as compared to an operating loss Rs 46.05 crore in the previous year.

    Let us look at the other numbers reported by Den

    Den’s loss for the current year increased to Rs 260.92 crore as compared to a loss of Rs 144.01 crore in the previous year

    Den’s Total Expenditure in the current year increased 11.4 percent to Rs 1,362.85 crore (108.3 percent of TIO) as compared to Rs 1,223.18 crore (108.3 percent of TIO).

    Content cost in FY-16 increased 12.4 percent to Rs 510.16 crore (40.5 percent of TIO) as compared to Rs 454.52 crore (40.2 percent of TIO) in FY-15.

    Finance costs in the current year increased 3.1 percent to Rs 84.89 crore (6.7 per cent of TIO) as compared to Rs 82.30 crore (7.3 percent of TIO) in the previous year.

    Employee Benefit Expense (EBE) in FY-16 increased 24.5 percent to Rs 137.77 crore (10.9 percent of TIO) from Rs 110.70 crore (9.8 percent of TIO) in FY-15.

  • Siti Cable denies acquisition of Den Network

    Siti Cable denies acquisition of Den Network

    MUMBAI: The Siti Cable Network  management has vehemently denied – through a press release – the correctness of the news item that has appeared in The Economic Times today indicating that it was likely to acquire national MSO DEN Networks.

    Said Siti Cable executive director and CEO V D Wadhwa in the release:  “There are no such developments between Siti Cable and Den Networks and we would not like to comment on the speculative news  being carried out in the media in this regard”.

    The National and the Bombay Stock exchanges had also sought clarifications from Den Networks in the matter. The latter has through  a similar notice  signed by company secretary Jatin Mahajan to the exchange stated that as a policy  it does not comment on any market speculation.

    Siti Cable and Den Networks were responding to the query raised by the bourses about an article that appeared in the business daily that alleged that Siti Cable chairman Subhash Chandra is looking to expand his cable business by acquiring the Sameer Manchanda-promoted Den Networks for Rs 2,000 crore.

     

  • Siti Cable denies acquisition of Den Network

    Siti Cable denies acquisition of Den Network

    MUMBAI: The Siti Cable Network  management has vehemently denied – through a press release – the correctness of the news item that has appeared in The Economic Times today indicating that it was likely to acquire national MSO DEN Networks.

    Said Siti Cable executive director and CEO V D Wadhwa in the release:  “There are no such developments between Siti Cable and Den Networks and we would not like to comment on the speculative news  being carried out in the media in this regard”.

    The National and the Bombay Stock exchanges had also sought clarifications from Den Networks in the matter. The latter has through  a similar notice  signed by company secretary Jatin Mahajan to the exchange stated that as a policy  it does not comment on any market speculation.

    Siti Cable and Den Networks were responding to the query raised by the bourses about an article that appeared in the business daily that alleged that Siti Cable chairman Subhash Chandra is looking to expand his cable business by acquiring the Sameer Manchanda-promoted Den Networks for Rs 2,000 crore.

     

  • Mukesh Ambani 20 billion investment plans in television and telecom

    Mukesh Ambani 20 billion investment plans in television and telecom

    MUMBAI: Mukesh Ambani’s recent focus in the telecom sector hasn’t gone unnoticed, where he has spent at least $18 billion ($1,800 crore) on 4G telecom brand RJio. Industry insiders observe that Mukesh Ambani’s aggressive take on the telecom and television sector may also pit him against his brother Anil Ambani and his company.

    Now reports are out that he intends to spend another $2 billion ($200 crore) over three years to capture TV sets as he eyes an opportunity to use his financial clout in what is a highly fragmented sector.  To put matters into perspective, Mukesh Ambani’s television unit has been aggressively signing up deals with hundreds of small players in a street-by-street effort to root out any final hurdle in its cable TV drive, reported Reuters.

    Industry observers note that this could also snap up rival operators as part of that push, those sources and analysts said, driving tie-ups in a crowded sector that includes Hathway Cable, Den Networks and Siti Cable.

    Industry sources quoting un-named Reliance officials say that Reliance’s mid-year goal of 1 million (10 lakh) subscribers would rise to 5 million (50 lakh) homes in the medium-term. Within three years, the aim is 20 million (2 crore).

    With only 20 million (2 crore) homes in India having a broadband or another Internet connection, it goes without saying that there is a huge growth potential in a country with a population of some 1.3 billion (130 crore).

    “Once the company manages to crack the last mile… it will be a formidable player,” Den Satellite Network MD Rajev Gavi shared with Reuters.

    Reliance executives say it will offer a bundled package with hundreds of channels and video-on-demand in high definition, along with broadband Internet, a landline phone and home surveillance. It will also offer Jio Play, its version of the Netflix movie and TV series streaming service.

  • Mukesh Ambani 20 billion investment plans in television and telecom

    Mukesh Ambani 20 billion investment plans in television and telecom

    MUMBAI: Mukesh Ambani’s recent focus in the telecom sector hasn’t gone unnoticed, where he has spent at least $18 billion ($1,800 crore) on 4G telecom brand RJio. Industry insiders observe that Mukesh Ambani’s aggressive take on the telecom and television sector may also pit him against his brother Anil Ambani and his company.

    Now reports are out that he intends to spend another $2 billion ($200 crore) over three years to capture TV sets as he eyes an opportunity to use his financial clout in what is a highly fragmented sector.  To put matters into perspective, Mukesh Ambani’s television unit has been aggressively signing up deals with hundreds of small players in a street-by-street effort to root out any final hurdle in its cable TV drive, reported Reuters.

    Industry observers note that this could also snap up rival operators as part of that push, those sources and analysts said, driving tie-ups in a crowded sector that includes Hathway Cable, Den Networks and Siti Cable.

    Industry sources quoting un-named Reliance officials say that Reliance’s mid-year goal of 1 million (10 lakh) subscribers would rise to 5 million (50 lakh) homes in the medium-term. Within three years, the aim is 20 million (2 crore).

    With only 20 million (2 crore) homes in India having a broadband or another Internet connection, it goes without saying that there is a huge growth potential in a country with a population of some 1.3 billion (130 crore).

    “Once the company manages to crack the last mile… it will be a formidable player,” Den Satellite Network MD Rajev Gavi shared with Reuters.

    Reliance executives say it will offer a bundled package with hundreds of channels and video-on-demand in high definition, along with broadband Internet, a landline phone and home surveillance. It will also offer Jio Play, its version of the Netflix movie and TV series streaming service.