wordpress blog stats
Connect with us

Hi, what are you looking for?

Ortel had over 7 lakh subscribers across biz at the end of Q4 FY16

We missed this earlier. Multi System Operator Ortel Communications has reported broadband revenues of Rs 8.94 crore in the quarter ended March 2016 (Q4 FY16), an increase of 20.16% in the same quarter last year. On a sequential basis, broadband revenues increased 7.97% from Rs 8.28 crore. The broadband segment reported a profit of Rs 5.08 crore, down 3.96% from Rs 5.29 crore in Q4 FY15 and up 6.27 from Rs 4.78 crore in the preceding quarter. Revenue contribution from broadband was at 17% of total revenues. Ortel's broadband business added  13,963 subscribers in FY2016 compared to 4,092 subscribers in FY2015. Its total Broadband RGUs stand at 72,482. It added that 10% of its total subscribers are broadband subscribers. Data usage per customer increased 56.19% to 4,653 MB from 2,979 MB in the same quarter last year. Ortel has also announced its new broadband plans ranging from 2 Mbps to 100 Mbps. Ortel is the first Multiple System Operator (MSO) to offer 100 Mbps Broadband in the state of Odisha using the DOCSIS 3.0 technology. The company said that it is being initially deployed in the city of Bhubaneswar and will be launched in other markets soon, without mentioning the timeline. Quarterly Financials Ortel reported a 51.1% year-on-year (YoY) decline in its net profit to Rs 2.76 crore in the quarter ended 31 March 2016. This was against a net profit of Rs 5.65 crore which the firm had reported for the corresponding quarter of last year. - Total Income increased by 18.6% to Rs 53.3 crore…

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

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