WWIL reports higher revenue, profit

The company expects digitisation of existing cable infrastructure to augment the channel carrying capacity, and provide greater monetizing opportunities like value added services

BestMediaInfo Bureau | Delhi | January 23, 2012

For the third quarter of fiscal 2012 (ended December 31, 2011), Wire and Wireless (India) Limited (WWIL) has reported operating revenue of Rs 871.7 million against Rs 744.4 million during the corresponding quarter last fiscal, a y-o-y growth of 17.1 per cent. Operating revenue is primarily generated from subscriber related income, income from bandwidth charges, income from advertisements and other operating revenues.

The operating profit (EBITDA) for the quarter was Rs 46 million against Rs 43.7 million during the corresponding quarter last fiscal.

Subhash Chandra, Chairman, said, “The Indian economy has been facing headwinds of increased inflation, interest rate hikes and policy stand-offs, forcing a cut in the GDP growth forecast to around 7 per cent. However, my faith in the Indian economy for the long term remains intact. With the passage of cable Digitisation Bill, the cable industry has got much required boost that will help create a more sustainable business model. With WWIL showing consistently improved operational performance quarter-on-quarter, and with all its infrastructure and systems in place, the company is set to benefit immensely from digitisation.”

Anil Malhotra, COO of WWIL, said, “Amid a stressed economic environment, WWIL maintained its momentum in the third quarter. We will continue to work towards making the existing business self-sustainable as well as expand our footprint to new strategically important geographies. Digitisation of existing cable infrastructure will augment the channel carrying capacity, offer better quality and will provide opportunities to monetise through different value added services like movies-on-demand, broadband, gaming, etc.”

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