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…
- India’s competition regulator proposes new rules for mergers and acquisitions September 22, 2023
- The Authors Guild, George RR Martin, John Grisham, and others files lawsuit against OpenAI for copyright infringement September 22, 2023
- After John Doe, non-users of Meta file class action lawsuit against tech giant September 22, 2023
- MediaNama Daily September 22, 2023
- Delhi High Court puts a stop to fraudulent Burger King websites September 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
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?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...