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The direct to home (DTH) sector in India heading for a consolidation phase. After Dish TV-Videocon d2h merger, Tata Group and Bharti Enterprises are exploring merger of their DTH businesses.
The ministry of information and broadcasting’s (MIB) earnings from the licence fee paid by the private direct to home (DTH) operators has fallen 17.71% to Rs 879.38 crore in FY17.
Dish TV’s share of total active DTH subscriber base fell by a percentage point to 24% while Sun Direct’s share increased by the same percentage to end quarter at 10%. The share of other four DTH operators remained unchanged.
Dishum will have 150 hours of original content a month. It will have a mix of fiction, non-fiction and movie content. There will also be a dedicated slot for kids.
Videocon d2h has reported Q1 net profit of Rs 1.2 cr while net subscriber additions and ARPU have remained almost flat. Content cost was 42% of revenue compared to 42.5% in the trailing quarter.
Dish TV-Videocon d2h merger gets company law tribunal nod; GDR portion of merged entity to list on LSE
After getting the nod from National Company Law Tribunal for the merger, Dish TV will now seek approval from MIB. The appointed date for the scheme of arrangement is 1 Oct. GDR portion of the merged entity will be listed on the London Stock Exchange. The earlier plan was to list on the Luxembourg Stock Exchange in the form of GDRs.
Tata Sky’s dependence on equity infusion from the promoters has reduced significantly with capital expenditure intensity moderating, cash accruals improving and the company turning profitable at the net level.
Airtel Digital TV has seen strong subscription additions in Q1 after demonetisation slowed down growth. ARPU at Rs 228 continues to be under pressure. EBITDA up 4.66% and net subscribers stand at 13.31 mn.
Delhi HC has allowed All India Digital Cable Federation to implead in the case filed Tata Sky and Airtel Digital TV challenging TRAI’s tariff order and interconnection regulation.