Hathway displaces Vodafone’s You Broadband to become fifth largest broadband player

MUMBAI: Cable TV and broadband service provider Hathway Cable & Datacom has become the fifth largest wired broadband service provider for the month ending 30 September. The company has displaced You Broadband, which has been acquired by telecom major Vodafone. As per Telecom Regulatory Authority of India’s (TRAI) telecom subscription data report for September, Hathway has entered the top 5 wired broadband service providers list with 0.67 million subscribers.

You Broadband had 0.66 million in August. Hathway has been betting big on its broadband business so much so that the broadband business was brought under the parent company while cable TV business was moved to a wholly owned subsidiary. The company has every reason to be bullish on the broadband business.

In Q2 Fy17, Hathway’s subscription revenue from broadband business raced ahead of its cable TV subscription revenue for the first. The trend continued in Q3 FY17 with broadband beating cable TV subscription revenue for second consecutive. This was a landmark moment for the company as cable TV has been its mainstay for a long time.

For the quarter ended 30 September, Hathway’s standalone revenue comprising the broadband business was Rs 131.1 crore showing a 2% jump over the previous quarter’s Rs 129 crore. Net profit had fallen 44% to Rs 15.3 crore from Rs 27.3 crore in the previous quarter. EBITDA, however, jumped 20% to Rs 59.8 crore from Rs 50 crore.

Meanwhile, the top 4 broadband players remained unchanged in September. BSNL with 9.54 million subscribers continued to lead the table followed by Bharti Airtel (2.12 million), Atria Convergence Technologies (1.24 million), and MTNL (0.95 million). Compared to August, BSNL and MTNL have lost 60,000 and 10,000 subscribers respectively while Airtel has added 10,000 subscribers.

Atria’s subscriber additions remained flat at 1.24 million. The total wired broadband subscriber base dropped 0.40% to 18.11 million from 18.04 million. As per the reports received by the TRAI from the service providers, the number of broadband subscribers increased 2.66% to 324.89 million at the end of September from 316.48 million at the end of August.

The top five service providers constituted 91.64% market share of the total broadband subscribers. These service providers were Reliance Jio Infocom (138.62 million), Bharti Airtel (62.29 million), Vodafone (45.98 million), Idea Cellular (29.61 million) and BSNL (21.24 million).

Hathway displaces Vodafone’s You Broadband to become fifth largest broadband player

The top five Wireless Broadband Service providers were Reliance Jio Infocomm (138.62 million), Bharti Airtel (60.17 million), Vodafone (45.97 million), Idea Cellular (29.61 million) and Reliance Communications (8.98 million).

Hathway displaces Vodafone’s You Broadband to become fifth largest broadband player

MUMBAI: Cable TV and broadband service provider Hathway Cable & Datacom has become the fifth largest wired broadband service provider for the month ending 30 September. The company has displaced You Broadband, which has been acquired by telecom major Vodafone. As per Telecom Regulatory Authority of India’s (TRAI) telecom subscription data report for September, Hathway has entered the top 5 wired broadband service providers list with 0.67 million subscribers.

You Broadband had 0.66 million in August. Hathway has been betting big on its broadband business so much so that the broadband business was brought under the parent company while cable TV business was moved to a wholly owned subsidiary. The company has every reason to be bullish on the broadband business.

In Q2 Fy17, Hathway’s subscription revenue from broadband business raced ahead of its cable TV subscription revenue for the first. The trend continued in Q3 FY17 with broadband beating cable TV subscription revenue for second consecutive. This was a landmark moment for the company as cable TV has been its mainstay for a long time.

For the quarter ended 30 September, Hathway’s standalone revenue comprising the broadband business was Rs 131.1 crore showing a 2% jump over the previous quarter’s Rs 129 crore. Net profit had fallen 44% to Rs 15.3 crore from Rs 27.3 crore in the previous quarter. EBITDA, however, jumped 20% to Rs 59.8 crore from Rs 50 crore.

Meanwhile, the top 4 broadband players remained unchanged in September. BSNL with 9.54 million subscribers continued to lead the table followed by Bharti Airtel (2.12 million), Atria Convergence Technologies (1.24 million), and MTNL (0.95 million). Compared to August, BSNL and MTNL have lost 60,000 and 10,000 subscribers respectively while Airtel has added 10,000 subscribers.

Atria’s subscriber additions remained flat at 1.24 million. The total wired broadband subscriber base dropped 0.40% to 18.11 million from 18.04 million. As per the reports received by the TRAI from the service providers, the number of broadband subscribers increased 2.66% to 324.89 million at the end of September from 316.48 million at the end of August.

The top five service providers constituted 91.64% market share of the total broadband subscribers. These service providers were Reliance Jio Infocom (138.62 million), Bharti Airtel (62.29 million), Vodafone (45.98 million), Idea Cellular (29.61 million) and BSNL (21.24 million).

Hathway displaces Vodafone’s You Broadband to become fifth largest broadband player

The top five Wireless Broadband Service providers were Reliance Jio Infocomm (138.62 million), Bharti Airtel (60.17 million), Vodafone (45.97 million), Idea Cellular (29.61 million) and Reliance Communications (8.98 million).

Digital minister: We're still talking to BT about sorting crap broadband

Matt Hancock blissfully unaware that deal is on brink of collapse

UK digital minister Matt Hancock has denied that talks with BT to improve poor internet speeds in 1.4 million rural areas have fallen through. The former British state monopoly has controversially volunteered to connect 98.5 per cent of premises to at least 10Mbps by 2020, as an alternative to the government’s plans for a mandatory 100 per cent by 2020. The business has said it will cost around GBP600m, which it will recoup by further hiking everyone’s broadband bill.

If the government takes BT’s route, it will be accused of propping up a monopoly. Some alternative network providers have expressed concern that such a move could damage their roll-out plans[1]. However, insiders have said the plans for a legislative approach are in such disarray it could take years for rural communities to get decent speeds.

According to The Sunday Telegraph[2], a deal between the government and BT is on the brink of collapse. Sources told the paper that the talks will fail partly because of fears of legal challenges from BT rivals, who said the new technology would disadvantage them. An announcement is expected in days, the paper said.

When grilled at the Parliament and Internet conference, Hancock said: “We have taken a twin-track approach. We have a statutory universal service obligation (USO), which we have consulted on and are considering our response… and we are talking to BT. We’ve made progress on both fronts.

“I didn’t recognise the description in the papers… but part of being a minister is sometimes seeing things that are close to the truth and some that aren’t.”

Openreach boss Clive Selley said BT’s voluntary USO would be an “important” measure in addressing poor connectivity in rural areas.[3] His comments followed a Devon village’s decision to burn an effigy of an Openreach van on bonfire night in protest over slow broadband speeds.

Hancock declined to comment on whether we’re likely to see more burning effigies of Openreach vans if the government fails to decide on a route soon. (R)

Sponsored: Ensuring end to end performance of a cloud phone system[4]

References

  1. ^ their roll-out plans (www.theregister.co.uk)
  2. ^ The Sunday Telegraph (www.telegraph.co.uk)
  3. ^ poor connectivity in rural areas. (www.theregister.co.uk)
  4. ^ Ensuring end to end performance of a cloud phone system (go.theregister.com)