Cable TV

Restructuring brings Hathway to black in first quarter

BENGALURU: Restructuring at Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) has brought for it a positive bottomline. The pared company reported a profit of Rs 27.16 million (including an exceptional item –gain from the sale of shares of Rs 17.13 million) or 21 per cent of total income for the quarter ended 30 June 2017 (Q1-18, current quarter).  Even if one were to neglect the exceptional income during the quarter, profit of Rs 101.3 million works out to about eight per cent of total income. The numbers above basically represent the numbers that Hathway has reported from its broadband business.

The Hathway group structure can be divided into three – Broadband business, CATV business which includes joint ventures, associates and subsidiaries and GTPL Hathway in which it has 37 per cent shareholding. The broadband business is managed by the parent company while the CATV business is managed by wholly owned subsidiary Hathway Digital Private Limited (HDPL).

Hathway has reported higher y-o-y average revenue per broadband user (ARPU) at Rs 730 as compared to Rs 724 in Q1-17, but lower than the Rs 740 reported for the immediate trailing quarter (Q4-17). The company says that it has added 30,000 broadband subscribers in Q1-17, bringing its broadband subscriber base to 0.66 million.

For its CATV business, the company says that it has seeded about 0.25 million set top boxes (STB) in Q1-18, bringing its digital CATV subscriber base to 7.2 million, or approximately 96 per cent of its overall subscriber base. It says that it has seeded 1.6 million, 2.3 million and 3.3 million in DAS phases I, II and III & IV respectively. ARPUs’ in Q1-18 were Rs 105, Rs 95 and Rs 55 for DAS phases I, II and III, respectively.

Broadband business

Hathway has reported standalone total income of Rs 1,295.7 million for Q1-18 (from its broadband business). Total expenditure in Q1-18 was Rs 1,195.4 million or 92.3 per cent of total income. Employee benefits expense for the quarter was Rs 89 million (6.9 per cent of total income), other operating expenses was Rs 307.9 million (23.8 per cent of total income) and other expenses was Rs 401.7 million (31 per cent of total income). EBIDTA for broadband business was Rs 497.1 million (38.4 per cent of total income).

CATV business excluding GTPL Hathway business

For HDPL, Hathway has mentioned total income of Rs 2,365 million for Q1-18 in investor presentation. The breakup of total income is Rs 1,325 million from cable TV subscription, Rs 702 million from placement, Rs 242 million from activation and other operating income of Rs 96 million. Total expenditure in Q1-18 has been reported at Rs 2,093 million (88.5 per cent of DHPL total revenue). Major expense heads include pay channel cost (57.2 percent of HDPL total revenue), employee cost Rs 214 million (9 per cent of HDPL total revenue), other expense Rs 527 million (22.3 per cent of HDPL total revenue). Finance costs for Q1-18 for HDPL was Rs 162 million (6.8 per cent of HDPL total revenue). The company has reported HDPL EBIDTA of Rs 272 million (11.5 per cent of HDPL total revenue).

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/21/ashok_manshukani.jpg?itok=GH7Yg4f4
Ashok Mansukhani bids adieu to NXTDigital

KOLKATA: Ashok Mansukhani is departing from NXTDigital putting an end to a 24 year long association with the Hinduja group.The industry veteran will retire on 30 September.  According to a BSE filing, his term as managing director and key managerial personnel was extended on 29 April 2020  until...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/14/tt.jpg?itok=0RbWQvQ0
TRAI’s Arvind Kumar prescribes broadband medicine for MSOs & LCOs

Digital is it. Across the country, and age groups, Indians are getting online, and consuming more high speed broadband data than ever before, whether it is for entertainment, education, commerce or banking.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/13/arnab800x800.jpg?itok=q6_TWq17
Arnab Goswami on counteroffensive after Sena ban threat; implores viewers

Mumbai: Arnab Goswami is fighting back. Like he probably has never done before. Yesterday, he reached out Republic TV and Republic Bharat viewers imploring them to not allow the Shv Cable Sena’s order to cable TV operators to stop  carrying both the channels on their networks.

Cable TV People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/12/r.jpg?itok=sPLITby8
Shiv Cable Sena asks cable operators to ban Republic channels in Maharashtra

Amid rising political tension in Maharashtra,  the Shiv Cable Sena, an affiliate to Shiv Sena, has asked the cable TV operators to ban Republic Media Network in the state. 

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/08/nxt.jpg?itok=Ptny8Dvj
NXTDIGITAL’s revenue grows by 3.4% to Rs.234.82 crore in Q1

KOLKATA: NXTDIGITAL announced its results for the first quarter of the current financial year – a quarter that was significantly impacted by the Covid2019 pandemic. Against this challenging backdrop, the company continued its growth story, with revenues for Q1 standing at Rs. 234.82 crores.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/03/meghbela_broadband.jpg?itok=ElSDj5iE
Meghbela Broadband partners with MyBox to bring Android TV experience

KOLKATA: Meghbela Broadband, one of eastern India’s largest multi system operators (MSOs) and internet service providers (ISPs), has launched Android TV services to its customers through MyBox Android TV box. Customers with six-twelve months commitment plans will get an offer on Android Box. The...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/03/trai-story.jpg?itok=XWhK54bO
MCOF raises questions on Hathway, Den pushing existing STBs under Jio brand

Maharashtra Cable Operators’ Foundation (MCOF) has flagged off several unethical practices in the television distribution segment. In a letter written to the Telecom regulatory authority of India (TRAI), it has alleged that some multi system operators (MSOs) are violating rules and taking the...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/20/nxt.jpg?itok=z25kFJ_P
NXTDIGITAL reaches out to new consumers

KOLKATA: As the country gears up to welcome Lord Ganesha, NXTDIGITAL, the media arm of the Hinduja Group, has launched a consumer connect program – ‘Ganpati Bappa Morya’ to spread the message of joy and safety amidst the global pandemic. 

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/14/cable.jpg?itok=StlSffMZ
MSOs see recovery in subscription collection post lockdown

At the beginning of the Covid2019 crisis, distribution platform operators (DPOs) witnessed a sharp drop in collections from subscribers. After months of lockdown and controlled movements, major multi-system operators (MSOs) are seeing stability in their collections from June end.

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required