March 2018



The MIB's outlay in budget 2018-19 has dropped 7.25% to ₹ 4,089 crore from ₹ 4,409 crore in the current fiscal.

Broadcasting has received ₹ 3090.27 crore (₹ 3374.7 crore last year), Information & publicity: ₹ 827.57 crore (₹ 831.25 crore last year).

Prasar Bharati, (DD & AIR), have received 5.87% lower outlay of ₹ 2,820.56 crore. The grant-in-aid for 'Kisan' and 'Arun Prabha' channels is ₹ 55.7 crore.

For strengthening of broadcasting activities, the government has allocated ₹ 735.05 crore compared to ₹ 840 crore. They include strengthening of Electronic Media Centre, Supporting Community Radio Movement in India, Mission Digitization, and Automation of Broadcasting Wing.

The total outlay for films division is ₹ 165.85 crore compared to ₹ 207 crore.


Poor rural sales led to less t h a n expected performance by India's largest DTH platform DishTV, for the quarter ended 31 December 2017 (Q3 2018), compared to last year.

Though DishTV added net 250,000 subscribers in Q3, lower ARPU reduced EBITDA by 15.5%.

DishTV reported a net subscriber base of 1.61 crore at the end of Q3.

ARPU of ₹ 144 in Q3 2018 was the lowest in the current fiscal as against ₹ 148 in Q2 2018 and ₹ 149 in Q1 2018.

Dish TV's ARPU before demonetisation in November 2016 was ₹ 162.

Now, DishTV has reported a net loss after taxes of ₹ 3.58 crore in Q3 2018 as against profit of ₹ 8.39 crore in Q3 2017.


Hathway Cable & Datacom's standalone net profit comprising the cable broadband business has jumped 71% to ₹ 23.9 crore during Q3 against ₹ 14 crore in the previous quarter.

EBITDA jumped 13% to ₹ 66 crore. Broadband subscription revenue grew 6% to ₹ 138.7 crore.

The company added 50,000 net subscribers to take the total broadband subscriber base to 7.5 lakh. Homes Passes reached 5 million.

New customer ARPU was ₹ 770 (excluding taxes). ARPU for the quarter remained flat at ₹ 717.

Average GB /consumer/ month has increased to 100 GB in the month of December indicating a strong demand side potential of high-speed wireline broadband.


Singapore Telecommunications will invest ₹ 2649 crore in Bharti T e l e c o m , t h r o u g h preferential allotment of shares. The funds raised will be used towards debt reduction.

With this investment, Singtel's total stake in Bharti Telecom will increase from 47.17% to 48.90%.

Singtel had invested ₹ 2,500 Cr in Bharti Telecom's Right Issue in February 2016


Z e e M e d i a Corporation L t d (ZMCL), the news channel arm of Zee will acquire the balance 40% stake in subsidiary Zee Akaash News for a cash consideration of ₹ 49 crore. The company held 60% stake in Zee Akaash News, which owns and operates Bengali news channel 24 Ghanta.

The balance 40% stake was held by Sky B Bangla. The sale is expected to conclude in 120 days, if approved by the I&B ministry.

Zee Akaash News had posted a profit before tax of ₹ 14.25 crore in FY17 on revenue of ₹ 53.97 crore.

In 2015, ZMCL had acquired Maurya TV for ₹ 7.79 crore. The channel was rebranded Zee Bihar/ Jharkhand.

ZMCL owns and operates 14 channels including four national and 10 regional news channels including Zee News, Zee Business, WION, Zee Hindustan, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee 24 Taas, 24 Ghanta, Zee Kalinga News, Zee Bihar Jharkhand, Zee Rajasthan, Zee Salaam, and Zee 24 Kalak.


Sun TV Network plans to double its subscription revenue to ₹ 2000 crore within 3 years. Much of this will come post DAS in Tamil Nadu & the rise of DTH subscriptions.

Sun TV is also e x p l o r i n g Bengali and Marathi markets as part of its plans to expand its footprint beyond the South.

It may also launch a second Tamil GEC channel. Sun TV has a 60 to 65% market share in the Tamil market.

Sun TV's ad & broadcast revenue grew 7% to ₹ 353 crore in Q3 compared to a year ago. Subscription revenue from DTH platforms jumped 14% to ₹ 184 crore. Digital/Analogue cable TV revenue increased to ₹ 94 crore from ₹ 82 crore.


A Reliance I n d u s t r i e s s u b s i d i a r y c o m p a n y plans to buy a 5% equity stake in Eros International at $15 per share, which is an 18% premium on the stock market price. It will cost Reliance Industries $ 48.75 million (approx. ₹ 3,000 Crores).

Further, Jyoti D e s h p a n d e , Group CEO & MD of Eros International, will be stepping down from her executive role and move on to head the Media & Entertainment business at Reliance Industries as President of the Chairman's office. She will take charge of Broadcasting, Films, Sports, Music, Digital, Gaming, Animation etc., as well as integrate RIL's existing media investments in Viacom and Balaji Telefilms with a view to build, scale and consolidate the business.

RIL chairman and MD Mukesh Ambani said, "We are pleased to join hands with Eros, as it will bring further synergies into our plans, making for a win-win partnership. We are delighted to welcome Ms Jyoti Deshpande into the Reliance family and believe that she will not only give wings to our plans but also play a pivotal role in transforming the sector."


Private equity firms TA Associates and True North controlled fibre broadband ISP, Atria Convergence Technologies (ACT) has planned a ₹ 1,500 to 2,000 Crore IPO.

The proposed IPO will be a mix of fresh fundraising and stake sales by both the existing private equity investors TA Associates and True North.

The IPO is likely to see a dilution of 25% stake at a $1 billion.

In 2015, TA Associates and True North had acquired a majority stake in Atria for $500 million from India Value Fund III. TA and True North holds 93% stake in ACT.

ACT offers high-speed Internet over fibre optic cables. It has around 1.5 million subscribers across Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and Delhi.

The company's FY16 revenues were ₹ 828.65 with an operating margin of 41.96%.

ACT is separating its cable and broadband business. Its AP &Telangana cable business is being taken over by Janaki Ram Raju (a JV partner) from 1st April 2018. n