Dish TV's losses continue to fall
Rose Major

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.