Hathway Cable eyes Rs 10 bn revenue in FY’11

MUMBAI: Hathway Cable & Datacom is gearing up to take its consolidated revenues to Rs 10 billion this fiscal as it steps up its digitisation, broadband and last mile acquisition drive.

India’s leading multi-system operator expects to lift its Ebitda from Rs 1.38 billion to Rs 3 billion in FY’11, hoping to benefit from an improved business model.
“We are looking at a turnover of Rs 10 billion and an Ebitda of Rs 2.75-3 billion this fiscal,” says Hathway Cable & Datacom managing director and chief executive officer K Jayaraman.

Hathway had posted a revenue of Rs 7.35 billion for the fiscal ended 31 March 2010.

The company hopes to seed one million digital set-top boxes during the current fiscal. The MSO will start charging an extra amount of Rs 15 as monthly subscription fee in markets where it can, augmenting its revenues from digitisation. 
“We will be charging Rs 15 from the operators. We will leave it open for the operator to fix the monthly subscription price that a digital customer will have to pay,” says Jayaraman.

Speeding up its acquisition drive, the MSO expects to have direct primary points touching half a million. The last mile access directly to the customer homes will allow it to offer value-added services.

On the broadband front, Hathway will reach half a million subscribers while holding on to its ARPU (average revenue per subscriber) of Rs 330.

Analogue cable ARPU can also go up by 10-15 per cent in certain markets, Jayaraman says.

Hathway will expand its reach from eight to nine million in FY’11.

"Hathway is planning to cure the business model of digitisation by charging an extra Rs 15 as subscription fee. The ebitda target of Rs 3 billion looks ambitious at this stage but could be achievable," says a media analyst who tracks the company.

Latest Reads
Pune Times joins hands with the Pune Police to launch the 'City Safe' app, as part of #MakeMyCitySafe initiative

Pune Times, city supplement of leading media house, The Times of India, has joined hands with Pune Police to support an initiative for women’s safety in the city. Pune Times has launched its campaign #MakeMyCitySafe as a big shout out to the youth of Pune to come together to make the city safer...

Technology Software Applications
HAL Robotics ropes in Navanit Samaiyar as board member and advisor

MUMBAI: HAL Robotics has roped in Navanit Samaiyar as its board member and advisor. Samaiyar has a record of setting up, scaling and transforming businesses across a very wide cross section of industries spanning from IT/ ITeS to steel, telecom, engineering goods, earthmoving machinery, logistics...

Technology Hardware Components
Republic TV launches Android app

MUMBAI: Republic TV is on a roll. From rocking the ratings chart in launch week itself to going international, the channel has added one more accomplishment to its kitty. The Republic TV Android app is now live.

Technology Software Applications
STB cos in India, China enhancing features, providing customised solutions, Technavio enlists top vendors

MUMBAI: The global STB market is characterised by intense competition as the market is saturated in developed countries. The market share of these players is declining because of the entry of new players. The STB companies are enhancing the features of STBs and providing customised solutions to...

Technology Hardware Set-top Boxes
India's PFT Clear Media ERP suite to help US' PBS content delivery

MUMBAI: Prime Focus Technologies (PFT), the technology arm of Prime Focus, announced that its CLEAR™ Media ERP Suite has been selected by Public Broadcasting Service (PBS) to enhance their Network Operations Center (NOC) ecosystem efficiencies and sustainability, with the objective of reducing...

Technology Software Applications
Broadcasters, OTTs to gain as Via adds xHE-AAC at special rate

MUMBAI: Via Licensing Corporation, a intellectual property solutions provider, has announced the upcoming availability of Extended High Efficiency AAC (xHE-AAC) as part of the Advanced Audio Coding (AAC) patent pool. The expanded patent pool licence will be available at no additional cost to...

Technology Software Applications
Tata Comm to deliver Motorsport videos on global devices

MUMBAI: Tata Communications will now deliver video content for viewers' all devices over its global network. The two have partnered to power the growth of the network’s internet television platforms.

Technology Software Applications
How to create live video content sans pros, convert radio broadcast into visual show

MUMBAI: ChyronHego will be showcasing its live production, automation solutions at Broadcast India show in Mumbai in mid-October.

Technology Software Applications
Sony renews IP licence deal with TiVo

MUMBAI: TiVo Corporation, a leader in entertainment technology and audience insights, has announced that Sony Corporation, a leader in consumer electronics, has renewed its multi-year intellectual property (IP) licence agreement. The license to TiVo’s patent portfolios covers all of Sony’s...

Technology Software Applications

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories