SITI Networks added 18K broadband subscribers during Q3FY17

SITI Networks Added 18K Broadband Subscribers During Q3FY17

Essel Group owned Multi System Operator SITI Networks added 18,000 new broadband subscribers for the quarter ended December 31th 2016 (Q3 FY17), taking its total broadband subscriber base to 213,000. The company reported 12.2 million cable TV subscribers for the quarter which remained flat from the previous quarter. It also reported million digital TV subscribers for the same quarter, up 5.7% quarter-on-quarter.

On the digital TV segment, SITI Networks added 540,000 new subscribers out of which 120,000 subscribers were subscribed to High Definition (HD) services. Currently, the operator claims to have laid down 32,500 Kms of optical fiber and coaxial cables across the country for broadband and cable TV services. Its services are live in 450 locations across the country. The company offers Digital TV services via set-top-boxes, Analog Cable TV services, and fiber Internet services in these locations. The company posted overall revenues of Rs 306 crore for Q3 FY17, up 5% from Rs 291 crore in the previous quarter.

Revenues from broadband service were Rs 26 crore for the quarter, up 4% quarter-on-quarter (QoQ) and 79% YoY. Revenues from subscription based services were at Rs 147 crore for the quarter, up 9% QoQ, and up 35% YoY.

Other Financials and numbers

– Net loss for the quarter was Rs 33.4 crore, a drop from Rs 37.6 crore in the previous quarter.

– EBITDA at Rs 62 crores, up 25% QoQ


– Operating EBITDA at Rs 15 crores, up 35% QoQ

– Broadband income stood at Rs 70 crores, up 115% YoY, while subscription income stood at Rs 408 crores, up 40% YoY.

SITI networks fund raise and deals

– In August, SITI Networks was looking to raise $100 million1 by issuing fresh equity shares via public, private placement or qualified institutional placement route. The fundraise is yet to receive shareholders’ approval.

– In the same month, DEN Networks owned Snapdeal TV (Snapdeal’s home shopping TV channel) tied up2 with SITI Cable to offer the channel across Delhi NCR, Haryana, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, West Bengal, Bihar and parts of Rajasthan.

– In July, Dish TV formed3 an equal joint venture named ‘Comnet’ with SITI cable.

Download: Investor Release4


  1. ^ looking to raise $100 million (
  2. ^ tied up (
  3. ^ formed (
  4. ^ Investor Release (

DEN Networks Broadband biz at EBITDA break even in Q3-FY17

DEN Networks Broadband Biz At EBITDA Break Even In Q3-FY17
Cable and broadband operator DEN Networks has said that its broadband business has broken even at an EBITDA level for the quarter ended 31st December 2016, “despite telecom freebies”. That might not last long, though, since it has said that it intends to expand its broadband footprint to 15-20 new towns in the next 6-9 months.

The company reported “pre activation” broadband revenues of Rs 21 crore for the quarter, the same as the previous quarter1, but showed a decline in operational expenditure, down to Rs 21 crore from Rs 22 crore the previous quarter. Year on year, revenue has increased 82% from Rs 12 crore to Rs 21 crore, and losses have declined from Rs 16 crore to break-even. Cable, though, remains a majority of DEN’s business, at Rs 276 for the quarter, significantly profitable at an EBITDA level with an operational expenditure of Rs 104 crore. The company reported a post-tax loss for the quarter of Rs 7.4 crores, down from Rs 8.1 crore last quarter, and Rs 20.2 crore for Q3 FY16.

Over a nine month period, DEN has reported broadband revenues of Rs 60 crores, at an operational expenditure of Rs 70 crore.

DEN Networks Broadband Biz At EBITDA Break Even In Q3-FY17

Operational metrics

– Added close to 20,000 broadband subscribers during the quarter, slower growth than last quarter, when it added 25,000 subscribers.
– total subscription of 159,000, up from around 140,000 last quarter
– ARPU for the quarter was Rs 752, down significantly from Rs 775 in the last quarter, and Rs 780 in Q1
– Average GB consumption per household: 59 gb, up from 51 gb in the previous quarter and 45 gb in Q1.


Download: results | presentation | press release234


  1. ^ previous quarter (
  2. ^ results (
  3. ^ presentation (
  4. ^ press release (

Tikona Digital secures $171M from Overseas Private Investment Corporation: report

Tikona Digital Secures 1M From Overseas Private Investment Corporation: Report

Internet Service Provider Tikona Digital has raised $171 million from Overseas Private Investment Corporation, an independent US government investment agency, reports Economic Times1. MediaNama has written to the company for confirmation and will update the story once they respond. Tikona plans to use the fresh funds for rolling our 4G-based broadband services across the country, added the report. The company had earlier secured $45 million2 in November 2014 from International Finance Corporation, Goldman Sachs, Oak Investment Partners, Everstone Capital Advisors and L&T Infrastructure Finance Co Ltd. Note that Tikona had announced3 in October 2015 that it would launch 4G broadband plans in 30 cities by first half of 2016 but currently runs a pilot project in Varanasi4 for home and enterprise users.

The company has 20 MHz of broadband spectrum in 5 telecom circles including Gujarat, UP-East, UP-West, Rajasthan and Himachal Pradesh, for which it had paid Rs 1,058 crore during the 2010 Broadband Wireless Auction5s. The broadband provider currently has operations in 23 cities and had earlier phased out operations in 13 cities in December 2012. It offers home-based broadband services up to a maximum speed of 10 Mbps as well enterprise broadband and managed bandwidth services through the acquisition of HCL Infinet6 in 2011.


There is no data about the number of users currently using Tikona’s services. The company however plans to compete with smaller broadband providers such as Hathway, Tata Teleservices, according to officials who spoke to ET. Note that Airtel is currently in the process of rolling out7 its fiber Internet services, while new entrant Reliance Jio has also been reportedly piloting8 fiber Internet services in Mumbai, gearing up for full-fledged launch.


According to TRAI’s recent telecom subscription numbers9 , the top five Wired Broadband Service providers incudes BSNL (9.94 million), Airtel (1.95 million), ACT Fibernet (1.12 million), MTNL (1.06 million) and YOU Broadband (0.59 million) as of October 2016.


  1. ^ Economic Times (
  2. ^ $45 million (
  3. ^ announced (
  4. ^ runs a pilot project in Varanasi (
  5. ^ paid Rs 1,058 crore during the 2010 Broadband Wireless Auction (
  6. ^ HCL Infinet (
  7. ^ rolling out (
  8. ^ reportedly piloting (
  9. ^ recent telecom subscription numbers (