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June 2018



SITI Networks Ltd released good results for Q4 & full FY 2017-18.

Subscription Revenue spurted 41% in FY18 to ₹ 800 Cr, yielding a revenue growth of 19% YoY to ₹ 1426 Cr.

EBITDA jumped 2.6x from ₹ 58.6 Cr to ₹ 151 Cr.

Collection efficiency surpassed 95%.

Siti added 3.1 Mn Digital Cable households in FY18 taking active digital subscriber base to 11.5 Million, delivered by 15 DAS Headends.

The Company's broadband operations with a total footprint to 16.8 lakh homes, has a base of 2.5 lakh customers.


Zee Entertainment Enterprises Ltd (ZEEL), w h i c h o p e r a t e s c h a n n e l s such as Zee TV and Zee Cinema, reported an 84.8% decline in net profit for Q4 2018. Last year it posted a net profit of ₹ 1,515.2 Crore due to sale of TEN Sports to Sony Pictures.

Net profit fell to ₹ 231 crore during January-March quarter, which fell short of ₹ 247 crore expected by Dalal Street.

Operating revenue rose to ₹ 1,725.3 crore from ₹ 1,528 crore. Overall expenditure rose 15.08% to ₹ 1,219.1 crore from ₹ 1,059.3 crore.

In Q4, ad revenue rose 23.9% to ₹ 1,049.6 crore.

Subscription revenue declined 2% to ₹ 546.5 crore, mainly due to a drop in international revenues.


Den Networks reported reduced consolidated loss of ₹ 10 crore in Q4 2017-18, compared to ₹ 59.87 in Q4 last year.

Cable subscription revenue increased 22% driven 30% growth in DAS Phase III ARPU. Cable EBITDA increased to ₹ 284 crore compared to ₹ 194 crore.

Broadband EBITDA loss has reduced to ₹ 1 crore compared to ₹ 9 crore in the previous fiscal.

The company intends to rollout hi-speed broadband to 100 cities. The first phase of expansion has begun in 15 cities.

In FY 2017-18 loss narrowed to ₹ 17.11 crore from ₹ 187.76 crore. Net debt was ₹ 157 crore.

Consolidated income increased 9.7% to ₹ 1,314.98 crore at the end of FY 2017-18.


Subsequent to Videocon d2h's merger with Dish TV, the company is required by law to offer its shareholders a buy-back of 26% equity stake from public shareholders, amounting to ₹ 3,701 crore.

Accordingly, Dish TV promoter entities World Crest Advisors LLP, together with Veena Investments Pvt. Ltd and Direct Media Distribution Venture Pvt. Ltd, have made an offer to acquire 50.02 crore (50,02,24,477) shares of Dish TV at ₹ 74 per share.

The open offer will commence on 5 June and close on 15 June.


TataSky said it has paid ₹ 561 crore as licence fee to the government for FY 2017-18. 10% of Adjusted Gross revenue (AGR) is payable as DTH licenses fee.

The company has paid a total of ₹ 2,200 crore to the government for the fiscal ended on March 31, 2018. This includes GST, state entertainment taxes and some other taxes.

Tata Sky is a joint venture between the Tata Sons and Rupert Murdoch's 21st Century Fox. It claims approximately 18 million subs.


GTPL Hathway will acquire an additional 13% stake i n subsidiary company GTPL Space City, increasing its stake to 74.5%.

GTPL Hathway will also acquire the remaining 49% stake in GTPL Junagadh making it a wholly owned subsidiary of the company.

The company will also buy all 51.08% shareholding & 11,80,840, 10% Cumulative Convertible Preference Shares in GTPL Chelikam Network India aggregating to ₹ 1.18 crore.

Last year GTPL Hathway had bought out the entire stakes that it did not own in GTPL Vidarbha Tele Link, GTPL Sharda Cable Network & GTPL Blue Bell.

As of 31 December, GTPL says it seeded 8.46 million STBs. It has 7.2 million active digital subscribers of which 6.75 million are paying digital subs.


Agra based MSO Sea TV Network's Q4 2017-18 loss has doubled to ₹ 7.32 crore compared to ₹ 3.26 crore in Q3.

Expenses jumped to ₹ 11.32 crore compared to ₹ 6.9 crore. Net loss for FY18 jumped to ₹ 20.4 crore compared to ₹ 14.7 crore. Revenue remained flat at ₹ 16.3 crore as against ₹ 16.6 crore.

Sea TV Network provides cable TV services in Agra & Uttar Pradesh.

It also runs news satellite channel Sean News UP/UK through its subsidiary Sea News Network.

It also owns a spiritual channel Jinvani through Jain Telemedia Services.


O r t e l Communications' standalone net loss for the quarter ended 31 March has increased to ₹ 80.1 crore from ₹ 6.56 crore in Q-3

The company posted an operating loss of ₹ 56.34 crore from the cable TV business compared to a profit of ₹ 13 crore in Q3.

The broadband segment saw an operating loss of ₹ 2.11 crore compared to a profit of ₹ 1.1 crore. Revenue was down at ₹ 4.91 crore compared to ₹ 5.2 crore.

For the full fiscal, the company posted a net loss of ₹ 95.27 crore compared to a net profit of ₹ 5.42 crore in FY17.

Commenting on the performance, Ortel Communications president and CEO Bibhu Prasad Rath said, "The management took a firm step by creating provision of ₹ 679.4 million against doubtful receivables.

This amount is primarily on account of disruption of services during the process of digitization and acquisition of local operators . This significantly impacted our P&L in FY18. We want to start afresh in FY19 and restore our business momentum. We have also taken many steps for increasing the net growth of our Broadband business."

Ortel is a leading CATV & ISP in Odisha, Chhattisgarh, Madhya Pradesh, Andhra Pradesh, Telangana and West Bengal.


ACT Fibernet plans to raise ₹ 800 Crore via an IPO. The funds will be used to expand its operations.

Atria Convergence Technologies (ACT), the third-largest ISP, is present mainly in southern India. It has now expanded to Delhi.

"We have 6.9% market share with a presence in just 12 cities. We have 7 data centres and are building 2 more," Bala Malladi, chief executive officer of Atria, told the press.

ACT revenues grew 39% in 2017. The company has about 1.28 million internet subscribers and 0.71 million cable TV subscribers. ACT's market share in Hyderabad, Chennai and Bengaluru as on December 2017 was about 60%, 27%, and 28%, respectively.

The company is likely to face severe competition when JIO Fibre launches later this year. n