Dish TV's losses continue to fall
Times may be tough for Indian channels (see separate story), but results seem to be looking up in the DTH sector, with Zee-backed market leader Dish TV reporting losses down two-thirds.
With subscribers rising 407,000 in the three months to end-September to 5.9 million, growth continues apace. But the competitive environment seems now to be helping, not harming, the bottom line, despite a fall in averAge revenue per subscriber to Rs139 a month from Rs142 last quarter and Rs150 a year ago. The operatoor is planning new channels to increase subscription revenues, but did not give details.
For the three months to end-September, DTH operator Dish TV reported net losses of Rs561 million (US$12 million), down from Rs1.54 billion for the same period a year ago. The operator said it expects losses to continue to fall.
Revenues were up 49% to Rs2.57 billion from Rs1.73 billion. Costs stayed mostly static, at Rs3.07 billion compared with 3.10 billion a year ago.
Dish TV plas to raise up to US$200 million through global depository receipts or foreign currency convertible bonds but has no timeframe for the raising.