WWIL writes off Rs 562 million

MUMBAI: Wire & Wireless India Ltd (WWIL), Zee‘s demerged cable TV distribution company, has written off Rs 562.7 million as one time provisioning against cable TV assets.

"WWIL decided to write the amount off even as it focusses on its digital rollout plans. The assets include old analogue headends and cable TV equipment," says a source.


The net loss has mounted to Rs 1.07 billion for the FY‘07 fiscal. High subsidies in the Cas (conditional access system) markets of Delhi, Mumbai and Kolkata has led to operating loss of Rs 233 million for the year.

Revenue, however, has grown 35 per cent to Rs 2.1 billion on the back of new customer acquisition and first phase of Cas implementation.

The company is expected to continue bleeding due to pressure of seeding the market with subsidised digital set-top boxes. The cost of acquiring subscribers is estimated at Rs 1500 and could go up with intense rivalry from direct-to-home (DTH) operators.

As a result, the shares of WWIL have taken a beating and from a high of Rs 139.90 in January it has plunged continuously to close today at Rs 59.40 on the BSE.

WWIL will require to raise funding to support its aggressive ramp-up plan, analysts say. "But there is a strong growth opportunity in the cable business, though it would be negative in bottomline for a few years and would require capital infusion," they add.

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