Cable TV
Report on Shemaroo

Siti Cable Network renamed as Siti Networks

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/16/SITI%20network.jpg?itok=66LIiFmJ

MUMBAI: A new name brings in new vibes and possibly a new direction. At least that ‘s what the Essel group is aiming for if one goes by the name change it has resorted to at its national cable TV MSO Siti Cable. Last week, It informed the Bombay stock exchange, that it will be called Siti Networks as it has got shareholders (earlier) and the Registrars’ approval on 5 August for the renaming. The company was originally incorporated as Wire and Wireless (India) Ltd.

As reported by Indiantelevision.com earlier, Siti Networks reported 29.4 per cent growth in revenue for the fiscal ended 31 March 2016 (FY-16, current fiscal). The company reported revenue of Rs 1213 crore in FY-16 as compared to Rs 937 crore in the previous year. Operating profit (EBIDTA) in the current year increased to Rs 323 crore as compared to Rs 168.4 crore in FY-15.

The company has reported a profitable turnaround for the first time in its history. Neglecting the impact of minority interest, Siti profit after tax in the current year was Rs 6.84 crore as compared to a loss (without factoring in minority interest) of Rs 101.88 crore in FY-15.The company’s loss in the current year declined to Rs 1.71 crore from a loss of Rs 109.10 crore in FY-15. Siti reported profit before tax (PBT) at Rs 22 crore in FY16 as compared to a negative PBT of Rs 85.2 crore.

Siti’s cable subscribers in FY-16 grew to 1.22 crore from 1.05 crore reported at the end of FY-15. The growth happened in Q3-16.

On the other hand the digital subscribers in FY-16 increased to 79 lakh (64.8 percent of cable subscribers) as compared to 53.8 lakh in FY-15 (51.2 percent of cable subscribers). Digital subscribers in the quarter ended 31 March 2016 (Q4-16, current quarter) increased by 11 lakh to 79 lakh as compared to 68 lakh in Q3-16.

Whereas, the broadband subscribers in FY-16 grew 93.3 percent to1.355 lakh from 0.701 lakh in FY-15. Broadband subscribers in Q3-16 were 1.07 lakh.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/02/25/gtpl.jpg?itok=TTFaHJQS
GTPL Hathway looks to expand cable TV subs by over 50% in 3 years

The debate surrounding the future of cable operators in India has become more pressing in the wake of the Covid2019 crisis, which spurred the growth of over-the-top platforms and emergence of deep-pocket content aggregators.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/02/19/mix.jpg?itok=Eyc9zQ_o
Cable TV subscription revenue stays mostly flat in Q3, broadband biz grows faster

Distribution platform operators (DPOs) played a crucial role during lockdown, keeping the reach of television content intact to millions of households in India. Although viewership went up at that time, the balance sheets reflected something entirely different both for TV channels as well as DPOs,...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/02/05/img_05022021_194432_800_x_800_pixel.jpg?itok=kgAAtB3O
Siti Networks posts Rs 390.6 crore total revenue for Q3

KOLKATA: Multi System Operator Siti Networks Ltd has posted Rs 390.6 crore total revenue for the third quarter. Subscription revenue stood at Rs 270.6 crore for the quarter. The MSO’s operating EBITDA surged to Rs 63.8 crore. This was achieved through strict control over expenses and operating...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/29/comcast.jpg?itok=dfPR9sIQ
Comcast sees high growth in broadband, streaming biz in Q4

US-based telecom conglomerate Comcast has posted strong quarterly results on the back of rapid growth in its broadband business. The company has posted a 6.9 per cent rise in fourth quarter net profit.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/29/nxt_0.jpg?itok=dvXo2r0h
NXTDigital posts Rs 259.9 crore consolidated revenue in Q3

NXTDigital reported consolidated revenue of Rs 259.9 crore for the third quarter (Q3), 10.24 per cent up quarter-on-quarter basis. The EBIDTA for the quarter stood at Rs 62.48 crore, recording a growth of 20.85 per cent.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/28/gtpl.jpg?itok=y7mzTVSC
GTPL Hathway sells stake in two subsidiaries

GTPL Hathway has sold its entire 51 per cent equity stake in Vaji Communications and Vizinagar. Post the transaction, both the companies are no longer subsidiaries of the cable company.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/14/den.jpg?itok=fLv-q-bm
Den Networks posts strong profit in Q3’21

NEW DELHI: Den Networks has reported total revenue of Rs 342 crore for the quarter ended 31 December 2020, up eight per cent on a year-on-year basis. During the same quarter last year, it clocked Rs 318 crore in revenue. Net profit rose 238.69 per cent to Rs 65.57 crore, as against Rs 19.36 crore...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/01/14/gtpl.jpg?itok=5lw-ph2o
GTPL Hathway posts Rs 553 crore consolidated revenue for Q3

Cable TV and broadband service provider GTPL Hathway reported its net profit rose 36.81 per cent to Rs 45.23 crore in the quarter ended 31 December 2020, as against Rs 33.06 crore for the same quarter in December 2019.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/12/17/all.jpg?itok=qVE-Bc_q
What will it take to make Indian CAS acceptable to MSOs?

Despite the overwhelming importance of Conditional Access System (CAS) in the overall content distribution network, there have been few discussions on CAS.

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required