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Geodesic Inks Mundu TV Deal With Tata Comm; Content Costs? Q2-11 Results

Geodesic, a digital messaging and content solutions company, has reported consolidated revenue of Rs 212.76 crore for the quarter ended September 30th 2010, up 37.67% from Rs. 154.54 crore for the same quarter last year, and a net profit of Rs 85.25 crore, but 49.48% year on year. The company reported Earnings per share of Rs. 9.28, up from Rs. 6.16. Quarter on quarter, Geodesic reported a 34.51% growth in software development costs, up to Rs. 85.25 crore from Rs. 63.38 crore. They added 27 new employees to their product management team, the software engineering department and the marketing department during the quarter. What's noticeable, though, is the absence of disclosure of content costs, the way OnMobile Global discloses. Remember that Geodesic is rolling out its Mundu TV product, and has inked a joint venture with Zee, which should give it access to Zee TV content for digital distribution across broadband and mobile. This is an important partnership, given the context of the 3G rollout. Geodesic's Mundu TV competes with Qualcomm Ventures funded Apalya Technologies, which has partnerships across telecom operators. During this quarter, Geodesic inked a deal for Mundu TV on broadband networks - with Tata Communications. Tata Communications will provide Mundu TV to their broadband subscribers in India, as well as to subscribers of TrueRoots, their international calling service in the US, UK and Canada. According to its website, Mundu TV has Zee group channels, TV Today channels, Network18's financial channels, the NDTV Channels, Times Now, ETC and…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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