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Tag: Hathway Cable and Datacom

  • Hathway reports improved standalone Q3 results

    Hathway reports improved standalone Q3 results

    BENGALURU: The demerged Hathway Cable and Datacom (Hathway) reported standalone profit after tax (PAT) of Rs 23.87 crore (17.2 per cent of operating revenue) for the quarter ended 31 December 2017 (Q3 2018, quarter under review), 70.4 per cent higher as compared to PAT of Rs 14.01 crore (10.7 per cent of operating revenue) in the immediate trailing quarter Q2 2018 (q-o-q).  It may be noted that Hathway’s numbers for Q3 2017 included both cable television and broadband numbers and hence, cannot be compared with Q3 2018 revenues that include only broadband revenue. Hence, Hathways numbers for the current quarter have been compared to its numbers from the immediate trailing quarter Q2 2018 (quarter ended 30 September 2017). As a matter of fact, after the transfer of Hathway’s cable television business as a slump sale since Q1 2018, the company has reported PAT for each quarter.

    Hathway’s total revenue of Rs 144.53 crore for the quarter under review was 5.4 per cent more q-o-q than Rs 136.97 crore. Revenue from operations in Q3 2018 was 5.8 per cent higher q-o-q at Rs 138.61 crore than Rs 131.4 crore.

    Hathway’s total comprehensible income (TCI) for the current quarter was 71.9 per cent higher q-o-q at Rs 24.01 crore as compared to Rs 13.98 crore. Simple operating EBIDTA for Q3 2018 at Rs 60.2 crore (43.3 per cent of operating revenue) was 14.2 per cent higher q-o-q than Rs 52.55 crore (40.1 per cent of operating revenue).

    Hathway’s total expenditure in the quarter under review declined 1.9 per cent q-o-q to Rs 120.70 crore from Rs 123.07 crore. Finance costs in the current quarter declined 13.1 per cent q-o-q to Rs 17.54 crore from Rs 20.19 crore. Employee benefits expense in Q3 2018 increased 7.6 per cent q-o-q to Rs 11.33 crore from Rs 10.53 crore. Other expenses in the quarter declined 2.5 per cent q-o-q to Rs 34.20 crore from Rs 35.07 crore. Other operational expenses reduced 0.5 per cent in Q3 2018 to Rs 32.89 crore from Rs 33.06 crore.

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  • Hathway Cable & Datacom reports improved numbers for Q2-18

    Hathway Cable & Datacom reports improved numbers for Q2-18

    BENGALURU: The demerged Hathway Cable and Datacom Limited (Hathway) reported standalone profit before tax (PBT) of Rs 140.1 million for the quarter ended 30 September 2017 (Q2-18,current quarter) as compared PBT of Rs 100.3 million in the immediate trailing quarter Q1-18 (q-o-q). It may be noted that Hathway’s numbers for Q2-17 include both cable television and broadband numbers and hence cannot be compared with Q2-18 revenues that include only broadband revenue. Hence, Hathways numbers for the current quarter have been compared to its numbers from the immediate trailing quarter Q1-18 (quarter ended 30 June 2017)

    Hathway’s total revenue of Rs 1,370.8 million for the current quarter was 5.5 percent more q-o-q than Rs 1,299.4 million. Revenue from operations in Q2-18 was 1.7 percent higher q-o-q at Rs 1311.5 million than Rs 1290 million.

    Hathway’s total comprehensible income (TCI) for the current quarter was a little more than half (lower by 49.1 percent) q-o-q at Rs 139.8 million as compared to Rs 274.6 million on account of exceptional items that had increased TCI in Q1-18 by Rs 1713 million. Simple operating EBIDTA for Q2-18 at Rs 526.6 million was 7.6 percent higher q-o-q than Rs 489.4 million.

    Hathway’s total expenditure in the current quarter increased 2.6 percent q-o-q to Rs 1,230.7 million from Rs 1,199.1 million. Finance costs in the current quarter increased 17.1 percent q-o-q to Rs 201.9 million from Rs 172.4 million. Employee benefits expense in Q2-18 increased 18.3 percent q-o-q to Rs 105.3 million from Rs 89 million. Other operational expenses in the current quarter increased 6.8 percent q-o-q to Rs 328.9 million from Rs 307.9 million. Other expenses reduced 13.1 percent in Q2-18 to Rs 350.7 million from Rs 403.7 million.

  • Hathway goes mobile with Hathway Connect

    Hathway goes mobile with Hathway Connect

    MUMBAI: Hathway has taken its path breaking LCO portal- Hathway Connect to the next level by launching the Mobile APP version for its local cable operators (LCOs), which will further enhance and empower the operators in strengthening their business operations while “On The Move.”

    As the cable industry is paving its way through the digitization phase, technology is transcending to new platform avenues. Shifting from online to mobile gives the necessary, added tool to our LCOs to manage their business from anywhere and be more widely connected with their subscribers. They no longer need to be restricted to the confines of their offices and can easily manage their subscriber base from any location, thus, creating better efficiencies, communication and turnaround time.

    Commenting on the launch of the Mobile APP of Hathway Connect, Hathway Cable and Datacom video business president Tavinderjit Panesar said, The “Hathway Connect” online portal has been a huge success as operators have benefitted by an increase in their collections from customers. Further, there was a demand from our LCOs for a mobile version which would enable them to operate from anywhere, anytime. This transformational initiative needs to be beyond traditional platforms and this mobile APP will take customer experience to the next level and improve & speed up the operational process in our distribution chain and strengthen brand ‘Hathway.’

    Hathway Connects’ Mobile APP will be available for download on Android only and will provide all major functionalities of the online portal version required by the LCOs for conducting daily operations in an easy and convenient way. The mobile APP facilitates a series of features to LCOs such as Balance management including instant top-up of his online account with immediate credit, Pack management (renew pack, add new packs or change existing packs), bulk renewal and activation of packs in almost real-time, managing & monitoring of ground collections through field executives, thus, enhancing customer experience. The APP also sends SMS updates to customers for renewals done and the LCO can provide a printed payment receipt to customers via a Bluetooth-enabled printer.

  • Hathway goes mobile with Hathway Connect

    Hathway goes mobile with Hathway Connect

    MUMBAI: Hathway has taken its path breaking LCO portal- Hathway Connect to the next level by launching the Mobile APP version for its local cable operators (LCOs), which will further enhance and empower the operators in strengthening their business operations while “On The Move.”

    As the cable industry is paving its way through the digitization phase, technology is transcending to new platform avenues. Shifting from online to mobile gives the necessary, added tool to our LCOs to manage their business from anywhere and be more widely connected with their subscribers. They no longer need to be restricted to the confines of their offices and can easily manage their subscriber base from any location, thus, creating better efficiencies, communication and turnaround time.

    Commenting on the launch of the Mobile APP of Hathway Connect, Hathway Cable and Datacom video business president Tavinderjit Panesar said, The “Hathway Connect” online portal has been a huge success as operators have benefitted by an increase in their collections from customers. Further, there was a demand from our LCOs for a mobile version which would enable them to operate from anywhere, anytime. This transformational initiative needs to be beyond traditional platforms and this mobile APP will take customer experience to the next level and improve & speed up the operational process in our distribution chain and strengthen brand ‘Hathway.’

    Hathway Connects’ Mobile APP will be available for download on Android only and will provide all major functionalities of the online portal version required by the LCOs for conducting daily operations in an easy and convenient way. The mobile APP facilitates a series of features to LCOs such as Balance management including instant top-up of his online account with immediate credit, Pack management (renew pack, add new packs or change existing packs), bulk renewal and activation of packs in almost real-time, managing & monitoring of ground collections through field executives, thus, enhancing customer experience. The APP also sends SMS updates to customers for renewals done and the LCO can provide a printed payment receipt to customers via a Bluetooth-enabled printer.

  • Q2-2016: Hathway brodband revenues rise 58 per cent; overall revenues up 4 per cent Y-on-Yercen

    Q2-2016: Hathway brodband revenues rise 58 per cent; overall revenues up 4 per cent Y-on-Yercen

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) has reported a four per cent YoY growth in standalone Total Income from Operations (TIO) in Q2-2016 (quarter ended 30 September, 2015, current quarter) at Rs 270.03 crore as compared to Rs 263.51 crore and 3.6 per cent QoQ revenue growth from Rs 264.41 crore in Q1-2016.

     

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

     

    Its focus on broadband appears to be yielding dividends. Its  broadband revenues of Rs 71.9 crore in the current quarter were 58.4 percent higher YoY than the Rs 45.4 crore, and 10.4 percent more than the Rs 65.1 crore in the immediate trailing quarter.

     

    The company says that its  broadband subscription base crossed 515,000 subscribers with 200,000  DOCSIS  3.0 subscribers. The company said that it had added 50,000 broadband subscribers in Q1-2016, and claimed a broadband subscriber base of 4.6 lakh, of which 1.7 lakh were under Docsis 3.0 then. Hathway says that its broadband ARPU increased 6.8 percent QoQ to Rs 616 from Rs 577.

     

    The company’s EBIDTA (excluding other income) in Q2-2016 declined 13 per cent YoY to Rs 34.39 crore (12.5 per cent margin), from 39.52 crore (9.9 per cent margin) but increased 5.1 per cent from Rs 32.73 crore (12.8 per cent margin) in the immediate trailing quarter.

     

    Hathway’s loss in the current quarter widened to Rs 48.94 crore as compared to Rs 39.26 crore in Q2-2015 and a loss of Rs 43.91 crore in Q1-2016.

     

    Subscription numbers

     

    Hathway’s television subscription revenue in Q2-2016 declined 3.2 percent YoY to Rs 107.5 crore as compared Rs 111 crore, but grew 1.9 percent QoQ from Rs 105.5 crore. The company says that it has seeded 77,000 set top boxes in this quarter and its digital subscriber base is 87 lakh or 72.5 percent of its total cable TV subscriber base of 120 lakh.

     

    Hathway reported Phase I ARPU at Rs. 100 (net of tax) and Phase II ARPU at Rs 76 (net of tax) in the current quarter as compared to Rs 76 (net of tax) in Q1-2016.

     

    Placement revenue in the current quarter increased 2.9 percent YoY to Rs 84.8 crore from Rs 82.4 crore and increased 1.2 percent QoQ from Rs 83.8 crore.

     

    Activation Revenue in Q2-2016 reduced to a little more than a fifth (1/4.7 times) at Rs 4.7 crore as compared to the Rs 22.1 crore in Q2-2015 and declined 14.5 percent QoQ from Rs 5.5 crore.

     

    Let us look at the other numbers reported by Hathway

     

    Hathway’s standalone Total Expenditure in Q2-2016 increased 9.9 percent to Rs 301.40 crore (110 percent of TIO) as compared to Rs 274.27 crore (104 percent of TIO in Q2-2015) and rose 3.6 percent from Rs 290.87 crore (110 percent of TIO in Q1-2016).

     

    Standalone Pay Channel cost in Q2-2016 increased 1.5 percent to Rs 98.27 crore as compared to Rs 96.81 crore (36.7 percent of TIO) and was 5.3 percent more than the Rs 93.32 crore (35.3 percent of TIO) in Q1-2016.

     

    Employee Benefit Expense in Q2-2016 increased 11.2 percent YoY to Rs 17.83 crore as compared to Rs 16.03 crore and increased 5.3 percent from Rs 17.21 crore in Q1-2016.

  • Hathway gets RBI approval for upping FDI limit to 74%

    Hathway gets RBI approval for upping FDI limit to 74%

    MUMBAI: After receiving approval from the Foreign Investment Promotion Board (FIPB) for increasing the foreign investment limit from the current 49 per cent to 74 per cent, multi system operator (MSO) Hathway Cable and Datacom has received a nod from the Reserve Bank of India (RBI) as well.  

     

    The RBI granted its approval to the MSO for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs, through primary market and stock exchanges up to 74 per cent of the paid up capital of the company under Portfolio Investment Scheme post approval of the same by FIPB.

     

    “This would be subject to the Regulation 5(2) of FEMA Notification No.20/2000 RB dated May 03, 2000 (as amended from time to time) issued under FEMA, 1999,” the notice said.

     

    RBI has also advised all custodian banks that since the foreign share holding by FIIs/RFPIs in Hathway have gone below the revised threshold limit stipulated under the extant FDI policy, the restrictions placed on the purchase of shares vide its letter dated 20 February, 2015 are withdrawn with immediate effect and hence equity shares of Hathway can now be purchased through primary market and stock exchanges.

  • Hathway – MSM imbroglio: MSO to not renew deal

    Hathway – MSM imbroglio: MSO to not renew deal

    MUMBAI: In a move that would surprise many, multi system operator (MSO) Hathway Cable and Datacom has decided to not renew the contract with MSM Media Distribution (MSMMD) in DAS phase II areas.

     

    As reported first by Indiantelevision.com, the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on 14 August had directed Hathway to pay Rs 14.56 crore towards subscription dues to MSMMD for DAS Phase I till the expiry of the agreement i.e. 31 October, 2015 in three instalments.   

     

    In a statement issued today, Hathway said that it will not renew the contract with MSMMD for DAS phase II. It may be recalled that this contract between the two expired on 31 March, 2015 and was not renewed by Hathway then.

     

    “Dripping ratings and average content cannot be a base for a broadcaster to take distribution platforms for a ride by demanding hefty growth year on year. In fact, it requires major correction in the subscription fees that the broadcaster charges. The concern with Sony Entertainment Television, the flagship channel of Multi Screen Media (MSM), has been witnessed over the last year wherein their content lacks appeal and demand as compared to other leading networks and does not deserve a growth, which was raised by us to the broadcaster. All the other channels in the MSM bouquet are also irrelevant and don’t offer any compelling content,” said a Hathway spokesperson.

     

    Hathway has said that in DAS I markets, where the contract expires on 31 October, 2015, it will offer MSM channels on an a la carte basis to consumers and not as part of any of the packages till the expiry of the contract.

     

    Speaking on the dues that Hathway owes the company, MSMMD executive vice president sales and marketing Makarand Palekar said, “Hathway has a huge outstanding and they haven’t paid us for seven months. MSM as a network is very patient and does not switch off channels on any platform, but Hathway has tested our patience and even if it wants to put the channels on a la carte, it will have to clear the outstanding first, which is close to Rs 15 crore.”

     

    It now remains to be seen how this story between the two parties pans out.

  • Den Networks gets Govt nod for increasing FDI to 74%

    Den Networks gets Govt nod for increasing FDI to 74%

    MUMBAI: Multi system operator (MSO) Den Networks has received clearance from the Foreign Investment Promotion Board (FIPB) to increase its foreign investment limit from the existing 49 per cent to 74 per cent.

     

    As was reported by Indiantelevision.com, on 29 July MSO Hathway Cable and Datacom had received the FIPB approval to up its foreign investment to 74 per cent, whereas Den Networks’ proposal had been deferred. Pertinent to note here is that on 14 July there was buzz that the company had received FIBP nod for the same. However, that was not the case and the MSO finally received the nod only today (13 August, 2015).

     

    With this, Den Networks, which is currently building its broadband base and also working towards digitisation in phase III and IV areas, is looking at attracting overseas capital into the company.

     

    The MSO had sought to increase foreign investment limit beyond 49 per cent and up to 74 per cent by FIIs, NRIs, FPIs, and other eligible foreign investors through route of secondary market and / or open market purchase.

     

    Earlier in March this year, the Board of Directors of Den Networks had approved the proposal to increase foreign investment limit.

     

    The decision was subject to shareholder approval (through postal ballot), FIPB nod and adherence to all other statutory requirements.

     

    Currently, FIIs hold 20.27 per cent stake in Den Networks.

  • Q1-2016: Hathway YoY revenue up 6%; Broadband subscription revenue up 56%

    Q1-2016: Hathway YoY revenue up 6%; Broadband subscription revenue up 56%

    BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 5.7 per cent growth in standalone Total Income from Operations (TIO) in Q1-2016 (quarter ended 30 June, 2015, current quarter) to Rs 264,41 from Rs 250.11 crore in Q1-2015 and was 2.1 per cent lower than the Rs 270.03 crore in Q4-2015.

     

    The company’s EBIDTA in the current quarter declined 25.4 per cent to Rs 32.73 crore (12.8 per cent margin) as compared to the Rs 43.87 crore (17.5 per cent margin) in the corresponding year ago quarter but was 5.7 per cent more than the Rs 30.98 crore (11.5 per cent margin) in the immediate trailing quarter.

     

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

     

    Hathway’s loss in the current quarter widened to Rs 43.91 crore as compared to the Rs 0.93 crore in Q1-2015, but was considerably lower than the Rs 76.99 crore in Q4-2015.

     

    Subscription numbers

     

    Hathway’s television subscription revenue in Q1-2016 declined five per cent to Rs 105.5 crore as compared to the Rs 111 crore in Q1-2015 and declined 12.7 per cent as compared to the Rs 120.9 crore in Q4-2015. The company says that it has deployed one lakh set top boxes, taking its digital subscriber base to 86 lakh or 72.9 per cent of its total cable TV subscriber base of 118 lakh in the current quarter.

     

    Broadband subscription revenue in Q1-2016 at Rs 65.1 crore improved sharply by 56.5 per cent as compared to the Rs 41.6 crore in Q1-2015 and increased 12.8 per cent as compared to the Rs 57.7 crore in Q4-2015. The company says that it has added 50,000 broadband subscribers in Q1-2016, and claims a broadband subscriber base of 4.6 lakh, of which 1.7 lakh are under Docsis 3.0. Broadband ARPUs increased from Rs 530 to Rs 577 (exit Q1FY16) says Hathway.

     

    Hathway reported Phase I ARPU at Rs 100 (net of tax) and Phase II ARPU at Rs 76 (net of tax) in the current quarter as compared to Rs 67 (net of tax) in Q4 FY15.

     

    Let us look at the other numbers reported by Hathway

     

    Hathway’s standalone Total Expenditure in Q1-2016 increased 14.5 per cent to Rs 290.87 crore (110 per cent of TIO) as compared to the Rs 254.10 crore (101.6 per cent of TIO) in Q1-2015 but was 5.5 per cent lower than the Rs 307.66 crore (113.9 per cent of TIO) in Q4-2015.

     

    Standalone Pay Channel cost in Q1-2016 increased 8.8 per cent to Rs 93.32 crore (35.3 per cent of TIO) as compared to the Rs 85.81 crore (34.3 per cent of TIO) in Q1-2015 but was 13.1 per cent lower than the Rs 107.34 crore (39.8 per cent of TIO) in Q4-2015.

     

    Employee Benefit Expense in Q1-2016 increased 18.3 per cent at Rs 17.21 crore as compared to the Rs 14.55 crore in Q1-2015, and increased 1.2 per cent as compared to the Rs 17.01 crore in Q4-2015.

  • Star Utsav to go pay from 16 August

    Star Utsav to go pay from 16 August

    MUMBAI: More than a decade after its launch, Star Plus’ sibling free-to-air (FTA) channel, Star Utsav, is set to go pay from midnight of 16 August, 2015, on all cable and direct-to-home (DTH) platforms. 

    “The channel’s FTA contract is about to end on 15 August, 2015 and it does not plan to re-new or extend it further,” sources close to the development told Indiantelevision.com.

    The channel will be priced at Rs 5 on Tata Sky, at Rs 6 on Videocon d2h and at Rs 3 on Hathway Cable and Datacom. Through this development, the channel now aims to earn revenues from both ad and subscription based route. 

    It can be recalled that the channel witnessed a new logo and packaging in the month of January this year to tap and engage with the rural consumers, while keeping at pace with the urban audience. Moreover, it had changed its programming from six days a week to the entire week designed to mirror the daily routines of its viewers.

    According to a media expert, the purpose of launching Star Utsav was to reach out to its desired TG in smaller cities and towns where audiences were not exposed to Star Plus. However with the channel going pay, the expert doubts whether the channel will get the desired visibility. “The logic to me is unclear, why would consumers want to pay for a repeat content? The move makes sense when the channel experiments by bringing in original content for the same audiences,” he said.