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Sify Consumer Business Revenue Down 7% To $7.5 M; Drops Broadband Rates To Stem Decline

I wonder how long Sify will continue to hang on their consumer business - finding a buyer in the current financial crisis won't be easy. Not that the company has disclosed any plans to sell the business - but the decline in the consumer business, the longer they take to get rid of it, the less it will be valued at. What's telling is that the only question on the earnings conference call, was about how much of an impact on its bottom-line does Sify expect, if they reach a settlement with Yahoo. Sify declined to comment since the matter is subjudice. Consumer Business The quarter ending September 30th was yet another poor quarter for Sify - revenues for the consumer business declined 7.46% quarter on quarter - down to $7.50 million, from $8.06 million last quarter. Broadband Rates Reduced, ARPU Decline: In what appears to be an effort to stem the decline of their broadband subscriber base, Sify has dropped Broadband access prices to Rs. 95. Consequently, Sify's ARPU has further declined to Rs. 305, from Rs. 316 at the end of the last quarter, and Rs. 336 at the end of Q4 of last year. At the same time, the Sify has reported a decline of 10,000 in their broadband subscriber base, despite an increase in their Cable Operator network. VoIP Service - SifyTalk: the service was expanded from Hyderabad to Chennai, Bangalore, Vizag, Mumbai, Pune, Delhi, Chandigarh and Ludhiana, allowing customers to make VoIP calls to the…

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