Dish T V Lanka (Private) Limited, the Sri Lankan subsidiary of the Direct to Home television services operator Dish TV has received a DTH license from the Government of Sri Lanka to launch operations in the country, Dish TV has informed BSE.
Dish TV had earlier partnered with Sri Lanka-based Satnet to form a joint venture called Dish TV Lanka in April 2012. Dish TV owns 70% stake in the joint venture while Satnet owns the remaining 30% stake. The company had also received board approval to invest up to Rs 100 crore in the joint venture in February this year.
Earlier this year, Dish TV had mentioned (pdf) that it had received DTH license from Telecom Regulatory Commission of Sri Lanka and was awaiting a license from Sri Lanka’s Media Ministry, following which the company will commercially launch its operations in the country. Dish TV had also launched test signals in Sri Lanka in May this year.
In India, Dish TV currently has a net subscriber base of 12.1 million as of September 2014, adding 0.38 million net subscribers in the previous quarter. The company had also noted that HD subscriber additions accounted for 15% of the company’s incremental additions for the quarter.
It reported an operating revenue of Rs 672.3 crore for the quarter ended September 30, 2014, a 4.9% increase from Rs 640.7 crore in the previous quarter and up 11.9% from Rs 600.9 crore in the same quarter last year. The net loss was at Rs 15.1 crore for the quarter, an improvement from Rs 16 crore loss in the previous quarter and Rs 16 crore loss in the same quarter last year. More on that here.