Advertisement


Advertisement

Thread Rating:
  • 6 Vote(s) - 2.67 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Dish TV hopeful of reducing losses in coming quarters
Advertisement
#1
NEW DELHI: Direct-to-home (DTH) service provider Dish TV on Tuesday said it will continue to reduce its losses in the coming quarters without disclosing a time frame by when it would start making net profit. The company reduced its net loss by two thirds to Rs 56.13 crore during the quarter ended September, over the year ago period, due to reduction in distribution and content costs besides adding new subscribers.

Its total revenues grew 48.5 % to Rs 257.49 crore compared to Rs 173.29 crore in the same period last year as it added 4.07 lakh new subscribers in the quarter to take the gross subscriber numbers to 59.19 lakh.

"We are planning to increase our channel capacity and add new channels to raise subscription revenues," said Jawahar Goyal managing director Dish TV.

Dish TV, that claims to have a market share of 38% in the DTH market which has around half a dozen new players over the last 2-3 years, said that the total DTH subscriber base will increase to 20-21 million by the end of this fiscal and it expects to gain a large share of the growing subscriber base.

Talking about the fund raising plans, Mr Goyal said the company has received the approval of foreign investment promotion board(FIPB) to raise upto $200 million through Global Depository Receipt (GDRs) or Foreign Currency Convertible Bonds (FCCBs), but is yet to decide when and how to raise the funds. FIPB is the nodal body that clears foreign investments in India.

Reply
Thanks given by:
Advertisement
#2
then it is another good news . As per mr Jawahar Goyal, new channel will be added on dishtv.
try to findout ur own destiny
Reply
Thanks given by:
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  DTH News: Dish TV shifts manufacturing of Set-top boxes to India nairrk 0 119 09-16-2020, 01:55 PM
Last Post: nairrk
  DTH Updates: ABP News Static Plate (Data) channel added on Dish TV India Sathish 0 137 08-10-2020, 11:43 AM
Last Post: Sathish
  DTH Updates: FOX life HD- Rs 1 (TV) channel shifted frequency on Dish TV India Sathish 0 106 08-10-2020, 11:42 AM
Last Post: Sathish
  DTH Updates: LIVE LIFE SHATAYUPATHY channel removed from 3 slots on Dish TV India Sathish 0 120 08-10-2020, 11:40 AM
Last Post: Sathish
  DTH Updates: Korean Drama Active- Rs 40 channel added on Dish TV India on 04-08-2020 Sathish 0 154 08-04-2020, 07:40 AM
Last Post: Sathish
  DTH Updates: 16 channels added on Dish TV India on SES 8 Sathish 0 201 08-01-2020, 06:16 PM
Last Post: Sathish
  DTH Updates: 12 New channels namely Non ST2 to ST2 added on Dish TV India Sathish 0 185 07-30-2020, 11:28 PM
Last Post: Sathish
  DTH Updates: 11 channels removed from Dish TV India on NSS6/SES8 as on 27-07-2020 Sathish 0 198 07-27-2020, 10:34 AM
Last Post: Sathish
  Breaking News: 12 channels removed from Dish TV India on NSS6/SES8 as on 25-07-2020 Sathish 0 206 07-25-2020, 10:50 PM
Last Post: Sathish
  DTH Updates: Sun TV HD, Gemini TV HD & Bhojpuri Active Channels removed on Dish TV India Sathish 0 183 07-24-2020, 10:05 PM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement