Cable TV

GTPL Hathway eyes 20-25% growth in broadband subscribers in FY20

The company is also strengthening its FTTH infrastructure.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/05/06/GTPL.jpg?itok=Y2-hsMbq

MUMBAI: Cable TV service providers are envisioning a future where broadband plays a major role and GTPL Hathway is also one of them. After a mild setback received from the new TRAI tariff order (NTO) implementation, the company is back on track to focus on the broadband sector in FY20. GTPL Hathway is working towards creating more home passes and better infrastructure based on a target of achieving 20-25 per cent increase in subscriber base.

“From the last six months, as the NTO implementation was going on, the focus was not totally on broadband. We still added a good number of customers and reached 325K. We are back on our strategy now and our focus is full on broadband, CAPEX side, infrastructure building, customer acquisition and geography and we are expecting that whatever we were not able to achieve in last 6 months, which we had planned, we are going to achieve that,” GTPL Hathway business head Piyush Pankaj said in an earnings call after Q4 results.

He noted later that the company is also highly focussed on building FTTX infrastructure while it currently has 1.2 million FTTX home passes out of 2.42 million. Out of the total 325,000 broadband subscribers, GTPL Hathway now has around 54,000 FTTX subscribers.

About 250,000 broadband subscribers are in the low-speed pack, where there is stiff pressure from wireless players. To retain these subscribers, the company will have to give discounts leading to a decline in the ARPU. However, this is being balanced by increasing FTTX subscribers through aggressive marketing. The main churn in broadband customers is also happening in the lower end as people are shifting to wireless. Overall churn rate is between 20-25 per cent but the same stands at 1 per cent in FTTH. So, the company is seeing high retention rate in the case of FTTH subscribers.

“In FTTH if we talk about 40 Mbps, we are charging around Rs 500 for 40 Mbps and for 100 Mbps it varies from Rs 650-750. For non-FTTH, according to the market, prices are different. Like for Surat market, prices are as low as Rs 150 and in Ahmedabad, market prices are as high as Rs 450. But average ARPU is somewhere around Rs 440,” Pankaj said.

In FY19, the company had Rs 155 crore CAPEX out of which Rs 51 crore was used for broadband. Pankaj mentioned that the total CAPEX would remain around Rs 160 crore with a focus on broadband.

“In the last 6 months, you will see that from 1.6 million home passes we have grown to 2.42 million home passes where the focus was more on infrastructure creation. The whole focus of management was on the new tariff order. So, we have created the infrastructure, but we have not taken the advantage of that for creating the customer or home connect. We are hoping that net 100K customers will come into the picture and mainly FTTH customers,” Pankaj commented.

“If you see Q4 net addition is almost 15K customers. So, earlier it was because we were completely upgrading our network and creating home passes. Last quarter was encouraging because 11K out of 15K was FTTH subscribers. Around 66-70 per cent is FTTH subscriber addition,” added GTPL Hathway promoter and managing director Anirudhsinhji Jadeja.

Pankaj also highlighted that the company launched Giga HD in the third quarter of FY19 but it did not progress due to NTO implementation. So, the product will be re-launched and pushed on the back of cash flow capability. According to him, the strategy is to provide multiple services by fusing cable and broadband businesses.

Notably, while Jio recently acquired stakes in GTPL Hathway, the latter will see what benefits can be taken on the synergies including in areas like vendor negotiation, infrastructure sharing. The company thinks the partnership will help it to propel and accelerate the business overall, especially on the broadband side.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/hindujasnxtdigital.jpg?itok=yrkn05T9
NXT Digital does a financial turnaround in FY 2020

MUMBAI: Among the early movers in the cable TV industry, the Hinduja group run - NXT Digital has turned out impressive financials for the financial year 2020. The topline has shown significant growth, it has turned EBIDTA positive and how; the red ink on its bottomline has been replaced by fat...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/23/Hathway.jpg?itok=amHhFgAF
Hathway reports higher profits despite lower revenue

The Mukesh Dhirubhai Ambani-controlled MSO and broadband internet services provider Hathway Cable and Datacom Ltd (Hathway) reported consolidated profit after tax (PAT) at Rs 66.06 crore for the quarter ended 30 June 2020.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/22/tv.jpg?itok=i1ZFo0dm
APOS 2020: Why Indian pay TV still holds a lot of potential

Even as the doomsayers have been predicting impending doom for India’s television business and tomtomming the growth of streaming services, Tata Sky CEO Harit Nagpal and IndiaCast Media Distribution Group CEO Anuj Gandhi believe that there’s tremendous scope to grow pay-TV in India.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/21/den.jpg?itok=_zxnxEWE
Den Networks reports higher profits despite lower revenue in Q1-2021

Indian cable TV and broadband services provider Den Networks Ltd (Den) reported 3.8 percent lower consolidated revenue for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the corresponding year ago quarter (Q1 2020).

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/17/hatway.jpg?itok=2j3huN60
GTPL Hathway reports higher subscription revenue, improved numbers for Q1-2021

GTPL Hathway Ltd (GTPL) reported 19.3 percent growth in revenue for the quarter ended 30 June 2020 (Q1-2021, quarter or period under review) and 8.9 percent growth in the operating profit for its cable TV business (CATV business) as compared to the corresponding year ago quarter Q1 2020.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/09/dth.jpg?itok=bH0T2W1m
DPOs, consumer data and the art of upselling content

In the age of online content platforms, knowing what consumers want has become the key to customer acquisition and retention. While these platforms have tons of data to woo the target audience, it is tough for traditional players in cable distribution ecosystem, especially multi-system operators,...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/02/Siti-Network-Limited.jpg?itok=5umQ1mPg
Siti Networks reports improved numbers for FY 2020

The Essel group’s MSO major Siti Networks Limited reported 5.3 percent higher consolidated simple EBIDTA for the year ended 31 March 2020 (FY 2020, year or period under review) as compared to the previous year FY 2019.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/30/Siti-Network-Limited.jpg?itok=IdvZ5lLL
SITI Networks' FY20 Operating EBITDA surges 1.2X Y-o-Y to Rs.3,538 Mn

SITI Networks Limited (BSE: 532795, NSE: SITINET), an Essel Group Company, one of India’s largest Multi-System Operators (MSO), has released its Consolidated Audited Financial Results for Q4 and full year FY20, ending March 31, 2020.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/30/mpa.jpg?itok=JhoQk6yC
MPA announces launch of APOS 2020 Virtual Series

APOS, the defining voice and global platform for the Asia Pacific media, telecoms and entertainment industry, is shifting online in 2020 with two virtual editions on 21-23 July and 1-3 September 2020.

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required