Cable TV

Siti Networks posts Rs 509 million operating EBITDA in Q2 FY22

The company announced the launch of SITI Mitra mobile app for LCOs.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/11/10/img_10112021_184707_800_x_800_pixel.jpg?itok=zl4ccZXq

Mumbai: Multi-system operator (MSO) Siti Networks has released its consolidated audited financial results for Q2 FY22 ended on 30 September. The company has maintained operating EBITDA at Rs 509 million and its operating EBITDA margin expanded to 13.9 per cent.

The company announced the launch of Siti Mitra mobile app for its 25000+ local cable operator partners. The app has a fully functional 'Own Your Customer' subscriber management system, allowing partners to have control of their business on their palms. The app is available on the Google Play store.

Total revenue (excluding activation) increased to Rs 3672 million from Rs 3615 million in the previous quarter. The company’s subscription revenue remained essentially flat at Rs 2350 million. Siti Broadband, too, observed a base jump of 20 per cent year on year and seven per cent quarter on quarter to 2.19 lakh. Siti Broadband’s revenue increased 4.1 per cent over the previous quarter and 11 per cent YoY to Rs 288 million.

"Siti's continued focus on operational efficiencies and strict control over expenses has ensured that our operating EBITDA is Rs.509 million with 13.9 per cent operating EBITDA margins. Our total revenue also increased to Rs.3,672 million. Our push for SITI Broadband has ensured that our customer base and revenues are up 20 per cent and 11 per cent y-o-y, respectively,” said Siti Networks chief executive officer Anil Malhotra.

He added, “We have always had our ears to the ground, and the launch of the Siti Mitra mobile app for our 25,000+ partners is a testament to that. The app has our fully functional ‘Own Your Customers’ subscriber management system, and now our partners will be able to manage their business from their mobile phones. The app is available on the Google Play Store."

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/25/chrome.jpg?itok=r8ngu_pL
Free Dish grows by 11 per cent across rural, urban households: Chrome DM

Mumbai: Chrome Data Analytics & Media has announced the results for its bi-annual subscriber establishment survey (SES) and released a November report based on a Pan India ground survey conducted between April to June, 2021.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/11/nxt-digital.jpg?itok=mBMRHgPA
Nxtdigital clocks 15.48% revenue growth in H1

Integrated digital platforms company Nxtdigital, the media vertical of the Hinduja Group has reported a 15.48 per cent growth in its consolidated revenues for the half year ending 30 September. The revenue reached Rs 543.42 crore, up from Rs 470.58 crores for the corresponding period of the...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/28/img_28102021_171407_800_x_800_pixel.png?itok=tI4H31qu
Nxtdigital launches 40 new Nxthubs across India

Mumbai: Integrated digital distribution company Nxtdigital Ltd (NDL) has launched 40 Nxthubs across India and unveiled a value-added app for its last-mile owner (LMO) on Thursday. Following the launch of its pilot in Ranchi, these Nxthubs were electronically launched at an event in Hyderabad across...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/26/trai.jpg?itok=kVPg3ELk
Trai issues new consultation paper to regulate monopoly in Cable TV services

The Telecom Regulatory Authority of India (Trai) has released a new consultation paper to regulate the market structure/ competition in Cable TV services across the country.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/19/tv.jpg?itok=i9uSA8U0
NTO 2.0: MSOs asks Trai to reject new RIOs published by broadcasters

The Tamil Nadu Digital Cable TV Operators Association has written to the Telecom Regulatory Authority of India (Trai) asking it to reject the new reference interconnection offers (RIO) published by broadcasters. The Association has also sought Trai’s intervention in asking broadcasters to reduce...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/18/img_18102021_123906_800_x_800_pixel.jpg?itok=e06oZPQZ
GTPL Hathway ISP business grew by 50% YoY in Q2 FY22

Mumbai: Digital cable TV and broadband service provider GTPL Hathway’s internet service provider (ISP) business grew by 50 per cent YoY, according to its financial results for Q2 FY2022. The company reported consolidated revenues of Rs 605.2 crore up by four per cent YoY. The company’s paying...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/09/20/photogrid_plus_1632126383186.jpg?itok=2mIRANuk
MCOF demands TRAI resolve pending grievances by 2 October

Mumbai: The Maharashtra Cable Operators' Foundation (MCOF) has written to the chairman of the Telecom Regulatory Authority of India (TRAI) and minister of information and broadcasting (I&B) Anurag Thakur to resolve pending grievances of local cable operators (LCOs) before 2 October. According...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/08/13/siti.jpg?itok=QI2WD536
SITI Networks' Q1FY22 Operating EBITDA jumps 33.1% to Rs 537 Mn

SITI Networks, an Essel Group company and multi-system operator (MSO), has released its consolidated audited financial results for Q1FY22 ending June 30.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/08/13/nxtdigital.jpg?itok=vLkBT_mo
NXTDigital revenue up 13.5% in Q1FY22

NXTDigital Ltd, the media vertical of the global Hinduja Group and an integrated digital distribution platform delivering services through digital cable television, HITS (Headend-In-The-Sky) and broadband, continued to leverage innovation and strategy to combat the challenges of the second wave to...

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required