Cable TV

Den Networks consolidated cable, broadband numbers up in Q1-17

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/09/21/BROADBAND-2.jpg?itok=K7WizWAT

BENGALURU: Indian multi system operator (MSO) Den Networks Ltd (Den) Cable business segment consolidated total revenue post activation increased 9 percent in in the quarter ended 30 June 2016 (Q1-17, current quarter) to Rs 251 crore from Rs 230 crore in Q1-16. Pre-activation revenue in the current quarter increased 3 percent to Rs 215 crore from Rs 209 crore in the corresponding year ago quarter.

Two segments contribute to Den’s revenue: Cable distribution network segment (Cable, Cable business) and Broadband segment (Boomband).

Den’s Broadband segment revenue more than tripled (3.55 times) in Q1-17 to Rs 18 crore from Rs 5 crore in Q1-16.

Cable segment

Cable subscription revenue increased 13.3 percent y-o-y to Rs 111 crore in Q1-17 from Rs 98 crore in Q1-16. Cable activation revenue increased 69 percent y-o-y to Rs 36 crore from Rs 21 crore. Placement revenue declined 15 percent y-o-y to Rs 87 crore from Rs 102 crore.

Cable segment reported EBIDTA of Rs 53 crore in Q1-17 as against and EBIDTA of Rs 14 crore in the corresponding quarter of the previous year. Please refer to the figure below for Den’s revenue break-up for Q1-7 and Q1-16.

The company reported 98 lakh DAS subscribers for Q1-17, as compared to 72 lakh in the corresponding year ago quarter and 94 lakh in the immediate trailing quarter (Q4-16). Den has a cable subscriber base of 1.3 crore.

Broadband segment

Den reported 329 percent growth in broadband customers in Q1-17 as compared to the corresponding year ago quarter Q1-16. Den reported 1,15,000 broadband customers in the current quarter as compared to 35,000 in Q1-16.

In Q4-16 Den had a broadband subscriber base of about 95,000, hence quarter-over-quarter (q-o-q) broadband subscriber base growth in Q1-17 was 21 percent. Q-o-q broadband revenue increased 20 percent in the current quarter from Rs 15 crore in Q4-16.

Broadband segment’s operating loss (EBIDTA) in Q1-17 was lower at Rs 9 crore as compared to an operating loss of Rs 18 crore in Q1-16.

Consolidated numbers

Den’s consolidated revenue increased 14 percent year-over-year (y-o-y) in the current quarter to Rs 269 crore from Rs 236 crore in Q1-16.

Consolidated loss before tax in Q1-17 was lower at Rs 35 crore as compared to a loss of Rs 48 crore in Q1-16. Net loss in Q1-17 was slightly higher at Rs 52 crore as compared to a net loss of Rs 50 crore in Q1-16.

The company reported positive post activation consolidated EBIDTA of Rs 44 crore for the current quarter as against a negative (operating loss) of Rs 4 crore in Q1-16.

Den’s consolidated total expenditure in the current quarter declined 6.3 percent to Rs 225 crore from Rs 240 crore in Q1-16. 

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/large/public/image.png?itok=r5-KoOw4

Content costs are a major component of Den’s expenditure - Content costs in the current quarter declined 7.4 percent in the current quarter to Rs 112 crore from Rs 121 crore in the corresponding year ago quarter.

Employee (Personnel) costs declined 19.4 percent in the current quarter to Rs 25 crore from Rs 31 crore in Q1-16. Other operating expenses in Q1-17 increased 2.5 percent to Rs 81 crore from Rs 79 crore.

Goldman Sachs to pick up 1.58 crore Den equity shares

As reported, the company’s existing shareholder Goldman Sachs is picking up 1.58 crore equity shares at a price of Rs 90 per share via a preferential allotment. This will take Goldman Sachs’ equity stake in DEN up from 17.79 per cent to 24.49 per cent and involve an injection of much needed capital to the tune of Rs 142.43 crore.

Note: (1) All numbers mentioned are consolidated unless stated otherwise.

(1.1)     The figures mentioned above have been rounded off and based on the numbers presented by Den in the public domain.

(2) The numbers in this paper are as per Indian Accounting System. (Ind AS)

(3) 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.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/21/Rajan%20Gupta.jpg?itok=t-0YhKfi
Hathway launches GPON in Chennai, to invest Rs 500 cr in south

MUMBAI: Internet service-provider (ISP) and cable multi-system operator (MSO) Hathway, over the next three years, plans to invest to the tune of Rs 500 crore in south India as part of its strategy to launch highspeed broadband service. It will be establishing data centres and other infrastructure...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/19/Arasu%20DAS-Story%20%281%29.jpg?itok=jcEo1FzJ
Arasu DAS licence: Stakeholders fear flurry of similar requests & permissions

NEW DELHI: Even as Tamil Nadu state government-backed MSO Tamil Nadu Arasu Cable TV Corp (TACTV) expressed satisfaction at getting the DAS license after “five years of struggle”, some other stakeholders felt this move by the Ministry of Information and Broadcasting may go against a policy...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/18/Tact-TV-Story.jpg?itok=Wkw57iZ5
Arasu gets provisional MSO licence subject to analogue switch-off in three months

The Tamil Nadu-Government run Arasu Cable TV Corporation (TACTV) has been granted provisional licence to operate as a multi-system operator in the state on condition that it switches off analogue signals in the entire state within three months.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/12/DAS_0.jpg?itok=dbpGVD50
DAS: Even official figures show cable TV digitisation is incomplete

NEW DELHI: Almost two weeks after the formal switch-off of analogue in all parts of the country except Tamil Nadu, a majority of multi-system (MSOs) and local cable operators (LCOs) claimed that the seeding of set-top boxes in Phase III is just over 40 per cent, and likely to be less in Phase IV...

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/11/Bibhu%20Rath.jpg?itok=ISBnooKO
Ortel MSO offers 1 TB plan at 100 Mbps with free digital TV

MUMBAI: Ortel Communications has unveiled its one terabyte at a mega speed of 100 Mbps priced at Rs. 4,999. Ortel has also announced the withdrawal of all its data plans below 1 Mbps speed. The new plans are available from Rs. 299 onwards and the choice of speeds can range upto 100 Mbps for homes...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/08/mso%20%281%29_0.jpg?itok=SAz4Gutk
Can a MSO block a channel airing unfavourable poll survey?

It's a classic case of how politicking could intrude the media space. It's not just about garnering eyeballs, buying advertising slots, publishing advertorials or simply influencing the electorate potentially through favourable exit or etc poll outcomes.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/07/optical_fiber-800x800.jpg?itok=GKpNc3Qq
Fiber optics market worth US$ 5 bn by '21, A-Pac largest

MUMBAI: Fiber optics global market by cable type is estimated to be valued at USD 3.13 billion in 2016, and is projected to reach US$ 5 billion by 2021 expanding at a CAGR of 9.8%.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/05/VD-Wadhwa_Rajyavardhan_Pramod_Anuj%20%281%29.jpg?itok=Sf07vztO
DAS: MSOs, LCOs give low figure of STB seeding, official sources admit it's under 80%

NEW DELHI / MUMBAI: Even as the nation has stepped into an era of full cable television digitisation, there are mixed reports coming in from around the country about the situation on the ground.

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/31/N-Chandrababu-Naidu-800x800.jpg?itok=CZKooarD
DAS: Andhra seeks extension even as MIB warns

MUMBAI: As cable digitisation deadline gets over today, the Andhra Pradesh chief minister N Chandrababu Naidu has written to the central government seeking extension of cable TV digitisation deadline up to December 2017. However, on 30 March, reiterating the switch-off of analogue signals of cable...

Cable TV DAS

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories