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Tag: Den

  • DEN expands broadband services; plans Rs 100 cr capex

    DEN expands broadband services; plans Rs 100 cr capex

    MUMBAI: DEN Broadband Pvt Ltd (DEN) has expanded its hi-speed internet services to 100 cities across India. After an encouraging response to the pilot project in five cities, DEN has already started its first phase of expansion in 15 cities.

    DEN’s expansion plan is in sync with the massive growth in the internet consumption in the country. Data usage in India has already jumped by 144 per cent (y-o-y) with average consumption per user in 4G broadband reaching 11 GB per month. The rise in data consumption has not been matched by a corresponding increase in the speed of connection. While India globally ranks 67 in fixed broadband speeds with an average download speed of 20.72 Mbps, mobile broadband speeds still lags at 109th rank with an average download speed of 9.01 Mbps, as per Ookla’s speedtest Global Index, February 2018 report.

    DEN Networks CEO SN Sharma said: “This is a game changing moment not just for DEN but also for the Internet users in the country. Our hard work and investment in transforming our Co-ax cable trunk routes into fiber optics will now yield tangible results. For DEN it will mean a minimum investment whereas for our users it will mean best in class Internet speed.”

    The company intends to tap this high-potential market by capitalising on its existing cable TV infrastructure and providing hi-speed fixed broadband internet. With speeds upto 1Gbps at affordable prices, DEN Broadband will cater to the future needs of Internet while penetrating further into the untapped markets.

    DEN’s fibre cable infrastructure is already present across 13 states. The company plans to roll out through a franchisee model, which will leverage its strength as a leading national MSO with an established on-ground Cable LMO network to usher in a broadband revolution in the entire country. Its 14,000 plus LMO network would use its technology while adhering to the operational standards set by DEN. Being the franchisor, DEN will bill the subscribers directly and collect tariffs from them directly. The franchisee would get paid based on their agreement and size of their investment.

    The MSO’s fixed broadband infrastructure is being built using a mix of GPON/FTTX and metro ethernet technologies enabling download speeds from 20 Mbps till 1 Gbps. It estimates a capital expenditure of Rs 100 crore over the next three years. This expansion plan is targeted towards 100 cities across states where DEN has a strong foothold such as UP, Karnataka, Jharkhand and Uttarakhand.

  • Den Networks appoints Himanshu Jindal as CFO

    Den Networks appoints Himanshu Jindal as CFO

    MUMBAI: Den Networks has appointed Himanshu Jindal as chief financial officer with immediate effect.

    Jindal is a chartered accountant with more than 15 years of experience spanning across sectors like consulting, pharmaceuticals, commodity trading and cement manufacturing industries. 

    His last assignment was with Heidelberg Cement India Ltd March 2007 till March 2018 and was responsible for treasury, corporate finance, risk management, internal audit and controls, corporate communication, investor relations and management reporting. Prior to Heidelberg, he has worked with Cargill, Cipla and Pfizer Limited.

    “Rajesh Kaushall has resigned as CFO of the company. The management appreciated the work done by him towards growth of the company. He will continue to act as an advisor to the company,” DEN stated in a filing to Bombay Stock Exchange.

    Also Read:

    Hathway Bhawani appoints Vatan Pathan as CEO

    BCCI strengthens IPL ACU, appoints Ajit Singh as head

  • Star India urges Airtel Digital subscribers to switch

    Star India urges Airtel Digital subscribers to switch

    MUMBAI: The slugfests were bound to happen in TV distribution. The time for agreement renewal is nigh between distribution platform operators and broadcasters with content contracts coming to an end. The Telecom Regulatory Authority of India’s (TRAI) proposed  tariff  and interconnection agreements are being passed  around from the High Court of Chennai to the Supreme Court and back without any resolution.

    Earlier this month, the Star Network issued a disconnection notice to one of India’s better-managed DTH operators Airtel Digital in an announcement that made waves in TV distribution circles.  Now, with the spat between the two continuing, India’s leading TV network has taken the fight to Airtel’s camp.

    It has started a digital campaign-for now at least-asking the DTH player’s subscribers to switch to other distribution platforms. Says the network on its Twitter handle: “Attention Airtel Digital  subscribers! Star has not increased channel tariffs. Airtel Digital TV  is misleading you and unilaterally increasing the prices of Star channels. To continue watching high quality Star entertainment switch to new DTH/cable operator now.”

     The digital  video,  which is doing the rounds on social media, has a voiceover that states: “You used to pay Rs 200 for the HD pack on Airtel. Now why are you being charged Rs 1,000? You can still get the same price for the same HD channels at around Rs 200! Change to another service provider. To get Star channels in a packet, make the switch.

    The video then lists operators like DEN, Fastway, SUN, Hathway, GTPL and Tata Sky that Airtel subscribers can opt for.

    We will have to wait and watch how Airtel responds to this direct attack. Will it buckle and give into the rates that Star India is asking for? Or will it hold firm and wait to see if the broadcaster will blink first?

    After all, Star has a lot at stake with the IPL coming up in the next fortnight. And it has to recover the humungous amounts it is pumping into the most prized cricketing property globally!

    Keep reading indiantelevision.com for further updates!

    Also Read:

    Airtel Digital TV disconnects Star India channels

    TDSAT tells Airtel DTH, Star to negotiate

    Tata Sky woos new customers with free Star Sports channels

     

  • DEN readies Android-based STB for Feb launch

    DEN readies Android-based STB for Feb launch

    MUMBAI: Multi-system operator (MSO) DEN is all set to revamp its old hybrid set top box (STB) into a smart STB. The new STB will support 4k HD as well as internet access. 

    A trial for the same is already in process is what DEN Networks CEO SN Sharma informed analysts. He added that the revamped STBs have been planted across the country and the response so far from the subscribers has been good. The trial will go on till February and the prices will be announced during the middle of the month itself. 

    The MSO is also in talks with two Indian broadcasting giants, Star and Zee. It also renewed deals with Sony and IndiaCast in 2017 for a span of two years.

    DEN, which has 13 million cable audience and 8.4 million active subscribers, is also planning to grow its broadband business. The company will be sharing its plan by the end of financial year 2017-18. DEN currently has a net subscriber base of 2.15 lakh with 60 per cent active subscribers. 

    Currently in only 10 select cities across 4 states of the country, MSO has plans to stretch in more 10 cities. 

    DEN Networks CFO Rajesh Kaushal predicted that the future expenditure will be more in broadband and less in cable, as most of the boxes are already lifted and the subsidy is very less on it. 

    DEN previously spent Rs.11 crore for seeding in the existing 10 cities and for expanding to more 10 cities the cost will be around Rs.10 crores.

  • Subscription revenue drives up Den’s PAT

    Subscription revenue drives up Den’s PAT

    MUMBAI: Multi-system operator (MSO) Den Networks’ financial results for Q3 2018 show consolidated revenue of Rs 330 crore as against Rs 293 crores in the corresponding quarter a year ago, up by 12 per cent. In Q2 2018, consolidated revenue stood at Rs 328 crore.

    Consolidated Q3 EBITDA (earnings before interests, taxes, depreciation and amortisation) stood at Rs 81 crore, 54 per cent higher than the Rs 53 crore reported a year ago but lower than the Rs 82 crore reported in the previous quarter. This EBITDA does not include the Rs 14 crore pertaining to entities that are not getting consolidated as per INDAS or else the overall consolidated EBITDA is Rs 95 crore.

    The MSO has been able to get higher subscriptions from phase III and IV markets with revenue growth from cable subscription 21 per cent higher than Q3 2017 and 6 per cent higher than Q2 2018. This was aided by 10 per cent higher average revenue per user (ARPU) collection from phase III areas on a quarter-on-quarter basis.

    Cable revenue stood at Rs 312 crore versus Rs 272 crore in the year ago quarter, up by 15 per cent. Cable EBITDA was Rs 82 crore, up from Rs 53 crore from Q3 2017, led by subscription growth and rationalisation of costs.

    Subscription revenue drove up consolidated PAT to Rs 2 crore from negative Rs 37 crore in Q3 FY2017 and Rs 1 crore in Q2 2018.

    The company stated that its broadband business was on track and that it managed to add 10,000 new subscribers during the quarter. Wired internet services will be rolled out to 10 new towns as part of its expansion. Cost optimisation initiatives have helped the broadband segment to break even which was negative Rs 1 crore in the previous quarter.

    Den Networks CEO SN Sharma said, “Den has been able to improve operational performance consistently every quarter with constant focus on increasing the subscription collections on the ground with a much controlled cost base. It is a time of pride and joy as we announce that as per the Trust Research Advisory research, Den has outshone all its competing brands and has emerged as the ‘Most attractive brand of 2017’ in the cable TV segment.”

    Also Read:

    Higher subscription & activation lead Den’s turnaround in Q2  

    DEN Networks tops as most attractive Cable TV brand: TRA Research

    Den Networks buys 51% in VBS Digital

  • TRAI landing page norms stayed till 22 December 2017

    TRAI landing page norms stayed till 22 December 2017

    NEW DELHI: The direction on landing page norms issued by the Telecom Regulatory Authority (TRAI) of India has been stayed till 22 December 2017 following an appeal in the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).

    Even as the tribunal admitted the petitions for hearing, it said: “Since there is a prayer for stay of the impugned direction dated 8 November 2017 issued by TRAI, let the matter be listed on 22 December 2017 under the head “for orders” to consider that prayer in light of the reply of the respondent.”

    “Till then, the impugned direction shall not be given effect to,” it added further.

    Chairman Shiva Keerti Singh and members B B Srivastava and A K Bhargava gave TRAI two weeks’ time for filing the reply. Further time of two weeks is granted to the appellants to file the rejoinder.

    On November 8, TRAI had issued a direction to all broadcasters and distributors of television channels to not place any registered satellite television channel. TRAI had said the orders would be implemented within 15 days.

    The direction was challenged in TDSAT by Bennett Coleman and Company Limited (BCCL), Den Networks Limited (Den), All India Digital Cable Federation (AIDCF), Fastway Transmission Private Limited, and Satellite Channels Private Limited.

    Den has appealed that the “impugned direction issued by the respondent, Telecom Regulatory Authority of India, are beyond the jurisdiction of the authority as given to it under TRAI Act.” It further said that the TRAI direction was curtailing the “freedom of the distributor of TV channels to position the channels over their network”.

    TRAI had said in its November 8 direction that it had been repeatedly brought to the authority’s attention by various stakeholders that satellite TV channels are placed on the landing page and this practise was influencing the television audience measurements/television ratings.

    TRAI in its direction had also concluded that “this practice may affect the orderly growth of the sector and is against the spirit of the policy guidelines for TV rating agencies.”

    Also read:

    TRAI tightens landing-page norms

  • Den receives Law Tribunal nod for restructuring

    Den receives Law Tribunal nod for restructuring

    BENGALURU: Indian multi system operator (MSO) Den Network Limited (Den) and wired broadband internet services provider has informed the bourses today (Friday) that the National Company Law Tribunal has approved a composite a composite scheme of arrangement for merger of 23 subsidiaries and demerger of one subsidiary.

    On 16 February 2017, the board of directors of Den had informed the stock exchanges that its board had mooted merger of 23 of its subsidiaries in the cable business into one wholly owned subsidiary. The merger would lead to the strengthening of the single brand leading to a stronger market presence, providing customers with a seamless on-board experience and remove any other brand perceptions/distinctions in the consumers’ minds. The merger would also result in economics of scale and reduce administrative and regulatory compliances; would help in more focused operational efforts, realizing synergies in terms of compliance, governance, administrative and cost synergies explained the company.

    Den said that the broadband demerger would enable a focused attention on the ISP business and achieve structural and operational efficiency, enhanced competitiveness and greater accountability besides accelerating value creation for shareholders. The company felt that the separation would allow the company to aggressively focus on significant growth potential for high speed data and related services in India; and that Den intended in taking the lead in driving wireline broadband penetration in India.

    This was followed up with further details about the merger / demerger that were submitted to the stock exchanges on 5 September 2016.

  • Dish TV, Hathway & Den amongst top 10 global Pay TV platforms

    MUMBAI: Indian companies — Dish TV, Hathway & Den Networks are amongst the top 10 global Pay TV platforms, according to the Global Pay TV Operator Databook from Digital TV Research. For the top 10 operators, the global TV revenue share was 55 per cent in 2016, with the leading 50 operators taking three-quarters of the total.

    Despite high number of subscribers but low ARPUs, Asia Pacific’s top operators are much less prominent in the PPV and subscription rankings with respect to revenue. This is where the US companies were leading – with six among the top 10 in 2016.

    Subscribers of Pay-TV for 522 operators reached a significant number — 839 million in 2016 (that is, 87 per cent of the 959 million global subscribers).

    In all, 50 leading operators accounted for two-thirds of the global Pay-TV subscribers by end-2016, Advanced Television reported. At that time, 10 million paying subscribers were using the services of 15 operators, according to the Databook.

    Globally, China Radio & TV is the largest pay-TV operator with a huge gap. Chinese government policy to consolidate cable TV translated as China Radio becoming the globe’s largest by 2016 — accumulating 227 million subs.

    Digital TV Research principal analyst Simon Murray said that India and China’s dominance of the top pay-TV operator rankings had been increasing, as US operators lost subs and the two nations subscriber bases swelled.

    PPV and subs revenues for the 522 operators were around Rs 11.9 trillion (US$185 billion) in 2016. Around 30 pay-TV operators earned more than Rs 64.5 billion (US$1 billion) revenue.

    MUMBAI: Indian companies — Dish TV, Hathway & Den Networks are amongst the top 10 global Pay TV platforms, according to the Global Pay TV Operator Databook from Digital TV Research. For the top 10 operators, the global TV revenue share was 55 per cent in 2016, with the leading 50 operators taking three-quarters of the total.

    Despite high number of subscribers but low ARPUs, Asia Pacific’s top operators are much less prominent in the PPV and subscription rankings with respect to revenue. This is where the US companies were leading – with six among the top 10 in 2016.

    Subscribers of Pay-TV for 522 operators reached a significant number — 839 million in 2016 (that is, 87 per cent of the 959 million global subscribers).

    In all, 50 leading operators accounted for two-thirds of the global Pay-TV subscribers by end-2016, Advanced Television reported. At that time, 10 million paying subscribers were using the services of 15 operators, according to the Databook.

    Globally, China Radio & TV is the largest pay-TV operator with a huge gap. Chinese government policy to consolidate cable TV translated as China Radio becoming the globe’s largest by 2016 — accumulating 227 million subs.

    Digital TV Research principal analyst Simon Murray said that India and China’s dominance of the top pay-TV operator rankings had been increasing, as US operators lost subs and the two nations subscriber bases swelled.

    PPV and subs revenues for the 522 operators were around Rs 11.9 trillion (US$185 billion) in 2016. Around 30 pay-TV operators earned more than Rs 64.5 billion (US$1 billion) revenue.

    Top 10 operators by subscribers (000)
    Ranking Operator Country 2016
    1 China Radio & TV (total) China 226,535
    2 China Telecom (IPTV) China 52,038
    3 BesTV (IPTV) China 26,019
    4 AT&T (total) USA 25,065
    5 Comcast (total) USA 22,508
    6 Charter merged (total cable) USA 16,836
    7 Dish TV (satellite) India 13,582
    8 Hathway (total) India 13,300
    9 Den Networks (total) India 13,000
    10 DISH Network (satellite) USA 12,521
    Source: Digital TV Research

  • Arnab’s Republic ready for news battle

    MUMBAI: It seems to be one of those rare media projects that is launching with a battery of advertisers and sponsors. Also, it is an exceptional new television channel that had little or no difficulty in reaching out to the right audience through myriad platforms — linear TV, through cable and MSOs, and OTT.

    Arnab Goswami’s Republic TV, which is being launched at 10am on 6 May as www.indiantelevision.com reported weeks ago, will have a strong digital presence through Reliance Jio‘s over-the-top (OTT) platform Jio TV and Star India’s video-on-demand (VoD) platform Hotstar.

    Star and Jio happen to be among the eight original sponsors of Republic TV. Others advertisers include Renault, Vivo, Hike Messenger, Ola, Yes Bank, Microsoft and Future Group. Vivo is also the presenting sponsor of the 9-pm show, while Microsoft is the technology partner. 

    It appears as if it is having a near-perfect launch. With a high decibel marketing campaign – online, outdoors, on ground – which has made almost everyone in the major metros sit up and take note.

    Republic TV will be available  on cable TV, direct-to-home (DTH) and OTT platforms, its digital avataar being republicworld.com. Amongst the DTH platforms which have given it carriage, according to reports,  include: Videocon2h, Tata Sky and some say even Airtel has hopped on board. The MSOs which have reportedly signed on the dotted line include: DEN, Hathway, Manthan, and Ortel. However, some cable and DTH operators may not offer the channel for free or it would be made a part of a bouquet.

    Goswami’s ‘pro-military and nationalistic’ and may be pro-establishment, will have the biggest OTT advantage with Hotstar 135 million downloads. The free-to-air (FTA) channel will bridge the Indian national news vacuum in Hotstar’s portfolio. Hotstar, which offers premium, free and original content across genres, live-streams Sky News and Fox News owned by 21st Century Fox, its parent company. Star earlier exited from the news business as regulation does not allow foreign holding of 51% in television news franchises.

    Goswami believes (being on Hotstar) was the first step as news produced in India goes digital, and then global, since the non-FTA paid VoD platform would take news to  90 million-plus viewers every month. 

    The former Times Now editor had teamed up with Kerala NDA vice-chairman and Rajya Sabha MP Rajeev Chandrasekhar in launching Republic TV. Other investors in ARG Outlier include DEN Networks promoter Sameer Manchanda, senior investment banker Hemendra Kothari, Aarin Capital’s Ranjan Ramdas Pai, Asian Heart Institute’s Ramakanta Panda and TVS Tyres’ R Naresh etc.

    Headed by an idealistic journalist and master-presenter, a near-perfect launch of a nationalistic channel in  times of nationalist dispensation notwithstanding, it remains to be seen how it performs in the jungle of warring news channels. As a senior executive  of a long standing English news broadcaster says: “Republic TV has made the right kind of noises at launch phase. Its key challenge will be sustainibility and that too over the long run. Rivals have deeper pockets and clout; they have not really reacted aggressively against it. When they do, it will have to put up its best, and that will determine its road ahead.”

    Also Read:

    Of Arnab’s Republic, nationalism, need for opinionated media & ‘outdated’ BBC

    Republic TV buzzing with pre-launch teasers featuring ‘soft’ targets, issues

  • DEN to vote on demerger of broadband biz

    MUMBAI: DEN Networks, on 11 March 2017, wrote to the National Stock Exchange and the Bombay Stock Exchange Limited about the conclusion of court-convened meeting.

    It stated thus: “This is to inform you that, pursuant to an Order by the Principal Bench of the National Company Law Tribunal (“NCLT”), New Delhi, a Meeting of the Equity Shareholders/Secured Creditors and Unsecured Creditors of DEN Networks Limited (“DEN”) has been conducted at PHD Chamber of Commerce, No. 4/2, Sin Institutional Area, August Kranti Marg, New Delhi- 110016 on Saturday, 11th March, 2017, for the purpose of considering and, if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement of DEN or Transferor Company and Skynet Cable Network Private Limited (“SYKNET” or “Resulting Company”), through which Internet Service Provider (ISP) Business / Broadband Undertaking of DEN will demerge into SKYNET, a wholly owned subsidiary of DEN.”

    In the communique signed by DEN Networks’ company secretary Jatin Mahajan, DEN added, “The NCLT has appointed Chairperson, Alternate Chairperson and Scrutinizer. The Scrutinizer shall submit results of voting/report to the Chairperson. Forthwith, the company shall submit the results to the Stock Exchanges and other applicable authorities.”