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).
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).