wordpress blog stats
Connect with us

Hi, what are you looking for?

Update: Sify Consumer Biz Revenue Down 42% YoY; Merges Portals & Access Biz Teams

The slide in Sify Technologies' consumer business continued, as the company reported a 42% year on year decline in its broadband consumer base, and a 66% decline in active subscribers for its e-Ports (cybercafe / kiosk) business. Sify now has around 79,000 broadband subscribers, compared with around 137,000, and 104,000 active e-port subscribers, compared with almost thrice as many at the end of September 2009. The number of CTO's (Cable operators), is down 17.9% year on year to 1645. Update: according to a clarification we've received from Sify, there was a typo in their earnings announcement: Broadband ARPU is up 12% QoQ, and flat year on year at Rs. 306 (and not Rs. 36). We've corrected the table below. But its consumer business is dying, even as its enterprise business is strengthening. Revenues for the consumer business declined 42.18% year on year to $3.03 million, and 5.31% quarter on quarter. MP Vijay Kumar, CFO at Sify, said on the earnings conference call that margins have gone down in the consumer business, pulling overall results down, despite improvements in margins on the enteprise business front. Sify has $7.9 million cash on hand, which explains its promoter plans to invest $86 million in the company. Merges Portals & Access Business Teams CVS Suri, COO at Sify, said on the call that they're now viewing the consumer business play as an added service on top of the enterprise infrastructure. Suri said that even as the company has delinked VAS services from connectivity (access),…

Please subscribe/login to read the full story.
Written By

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

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ