wordpress blog stats
Connect with us

Hi, what are you looking for?

Ortel added 5,127 broadband subscribers in Q1FY17

Multi System Operator Ortel Communications reported broadband revenues of Rs 9.5 crore for the quarter ended June 30 (Q1 FY17), up 6.25% sequentially and up 25.99% on a year-on-year basis. The broadband segment reported an operating profit of Rs 5.71 crore, an increase of 21.62% from Rs 4.7 crore in the same quarter last year. On a quarter-on-quarter basis, broadband operating profit increased 12.37% from Rs 5.08 crore. Ortel added broadband  5,127  subscribers in Q1, nearly double the additions of 2,381 in the same quarter last year. Total broadband subscribers stood at 77,609 at the end of the quarter. Broadband users were 10.1% of Ortel's subscribers. This number was 10.3% in the preceding quarter and 11.2% in the same quarter last year, although it did have a smaller total number of subscribers. Broadband ARPU has been steadily increasing  over the quarters. In Q1 it stood at Rs 401 per month and was Rs 398 in the preceding quarter and Rs 393 in the same quarter last year. Data usage per customer increased 79.6% to 5,329 MB from 2,967 MB in the same quarter last year. Quarterly financials Ortel reported a 64.8% year-on-year (YoY) decline in its net profit to Rs 80 lakh for Q1 FY17 and a decline of 68.9% from Rs 2.8 crore in the preceding quarter. The company's profitability was impacted due to lower execution in the  infrastructure leasing business, Bibhu Prasad Rath, president and CEO said. – Total Income increased by 22.9% to Rs 52.93 crore from Rs 43.1 crore in Q1…

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

Free Reads

News

The Bill allows the Attorney General or any district/ city attorney to seek injunctive or other equitable relief against a large online platform

News

The tech giant made it clear it doesn't share data from organizations using Azure OpenAI and Copilot to third-parties or use it to train...

Google

Among the selected organizations are Quill.org and the World Bank, both known for their work in AI-powered tools.

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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