Hathway Cable reports Q2FY13 revenues of Rs 1,325 mn

The MSO has successfully completed the rollout of DAS in the Phase I cities of Mumbai, Delhi and Kolkata

BestMediaInfo Bureau | Mumbai | November 14, 2012

Hathway Cable & Datacom has reported standalone operating revenues of Rs 1,325 million for the quarter ended September 30, 2012. EBITDA was at Rs 208 million. On y-o-y basis revenue growth for the quarter was 3 per cent.

Standalone Operating Revenues for the half-year ended September 30, 2012 was at Rs 2,687 million, a sequential growth of 7 per cent, and EBITDA at Rs 446 million grew by more than 9 per cent y-o-y basis.

As per management estimates, Hathway's economic interest in the EBITDA of its several subsidiaries/JVs/associate companies for the quarter under review would aggregate to Rs 113 million. Therefore, total economic interest of EBITDA is estimated at Rs 321 million.

Hathway has successfully completed the rollout of DAS in the Phase I cities of Mumbai, Delhi and Kolkata. As of October end 2012, the company along with its JV partners had cumulatively deployed 1.7 million (1.3 million as on September 30, 2012) set-top boxes (STBs) in these cities. While this is the highest deployment among the Cable MSOs as on date, the company continues to aggressively deploy additional STBs in the territories it serves. The company has access to an inventory of around 0.6 million (excluding STBs in transit) in hand. This gives an opportunity to seed STBs in excess of 2 million in total in Phase 1 cities. On a consolidated all-India basis, Hathway, its subsidiaries and JV partners have reached approximately 2.7 million digital (3 million as on date) subscribers as of end-September 2012.

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