Dish TV plans to invest Rs 700 mn in Sri Lankan subsidiary

MUMBAI: Dish TV, India‘s largest direct-to-home (DTH) company, is eyeing expansion in neighbourhood countries and is preparing to capitalise its Sri Lanka subsidiary.

Dish TV is planning to invest Rs 700 million in Dish TV Lanka, a joint venture company in which it holds 70 per cent stake while local partner Satnet Private Limited has the other 30 per cent.

Dish TV has got the shareholders’ approval to invest Rs 700 million in the venture. The Sri Lanka operations is, however, not in the immediate agenda as India will take all the attention with digitisation in the four metros of Delhi, Mumbai, Kolkata and Chennai nearing deadline.

Dish TV has not created a broadcasting centre or satellite link facility yet. The company, however, plans to enter into the Sri Lanka DTH market at some stage as the ARPUs (average revenue per user) are much higher.
"The DTH market in Sri Lanka is much smaller than India.But while the ARPUs in India are in the range between $3 and $4, in Sri Lanka it is close to $9. Dish TV is attracted by those ARPUs and Sri Lanka is a neighbouring territory," said an industry source.

Dish TV Lanka was oncorporated on 25 April. The minority partner Satnet has a DTH Licence in Sri Lanka.

Dish TV said its shareholders have approved a “Special resolution under Section 372A of the Companies Act, 1956 to make loans/investments or give guarantee or provide any security to provide up to Rs 700 million in Dish TV Lanka (Private) Limited, over and above the limits prescribed under the said section.”

In Sri Lanka, the DTH market is dominated by Dialog TV, a subsidiary of telecom major Dialog Axiata. Dialog TV has an estimated 200,000 subscribers and its revenue grew 18 per cent to Rs 2.4 billion in the calendar year.

Shares of Dish TV rose 4.68 per cent on the Bombay Stock Exchange to Rs 80.35 at close on Wednesday.

Dish TV will announce its fiscal second-quarter financial results tomorrow. Meanwhile, the shareholders of Dish TV have approved the re-appointment of Jawahar Goel as the managing director of the company for a period of three years effective 6 January.

Latest Reads
Highly-beneficial interactions take place at Broadcast India '16

The 26th Broadcast India Show concluded over the weekend in Mumbai, and was easily the most exciting Broadcast India Show yet. With thousands of eager, high-quality trade visitors swarming the show floor, a sentiment signalling highly-beneficial exchanges and interactions echoed through the halls...

Technology Software Applications
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories