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Hathway reports net loss of Rs 10.3 crore in Q2

Leading MSO expects digitisation schedule commencing FY12 through FY14 to dramatically improve its economic fortune

BestMediaInfo Bureau | Delhi | November 15, 2011

For the quarter ended September 30, 2011, Hathway Cable and Datacom has reported standalone operating revenues of Rs 128.5 crore, a sequentially q-o-q growth of 4.8 per cent. Standalone EBITDA at Rs 21.8 crore has shown a sequential growth of 14 per cent. It reported a net loss after tax of Rs 10.3 crore for the quarter.

The ordinance for digitisation schedule commencing FY12 through FY14 is expected to dramatically improve the economic fortunes of MSOs including Hathway. This will be particularly beneficial for the company as it has a substantial proportion of primary subscribers compared with its peers in the industry as also a significant rollout of digital set-top boxes.

In anticipation of digitisation, the company has modernised its headends in Mumbai, Delhi, Bangalore and Hyderabad by installing state-of-the-art technologies from Ericsson. This implementation provides the company with enhanced capacities to carry additional channels at higher levels of quality.

Hathway will position itself as India’s most advanced and fastest growing digital cable TV MSO with the launch of its HD services. K Jayaraman, Managing Director & CEO, Hathway Cable & Datacom, said, “Being the pioneers in the digital cable service industry, we are committed to offering premium services to our subscribers.”

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