Internet service and cable TV provider Hathway Cable added 1 lakh broadband subscribers during the quarter ended September 30th 2016 (Q2 FY17), taking the total broadband subscriber base to 8.2 lakh users. Broadband subscriber base grew by 57% Year-on-Year (YoY) from 5.2 lakh subscribers in Q2 FY16. The company has a multi-system operator (MSO) license and operates under the Hathway Cable brand. It runs broadband business under Hathway Broadband, a wholly owned subsidiary of Hathway Cable. For Q2 FY17, Hathway posted overall revenue of Rs 321.1 crore, up 6% QoQ from Rs 302.1 crore, and up 19% YoY from Rs 270.14 in the same quarter last year. The company posted a net loss of Rs 41.1 crore for the period, which widened from Rs 33.8 crore in the same quarter last year. Revenue from broadband services stood at Rs 110.4 crore for the quarter, which is up 15% QoQ from Rs 104.6 crore. On a YoY basis, broadband revenues were up 67% from Rs 71.9 crore. Revenue from Cable TV operations were Rs 110.4 crore for the quarter, up 2% QoQ from Rs 107.7 crore, and up 18% YoY from Rs 93.8 crore. Financials -Broadband ARPU was Rs 740, up 9/% year-on-year -Cable TV ARPU was at Rs 216, up 20% year-on-year -21% of the 3.86 connections were subscribed to broadband. - EBITDA margin was Rs 54. 9 crore, up 12% YoY, and up 11% QoQ Other developments from Hathway -Demerging broadband business: In September Hathway Cable said that its…
- Madras HC extends interim relief from Google Play Billing to more Indian startups June 9, 2023
- UK to Host “First Major Global Summit on AI Safety” this Autumn, Has “Global Duty” to Ensure Safe AI June 9, 2023
- Another defamation case against OpenAI in US, complainant claims to be victim of AI hallucination June 9, 2023
- Adobe claims Firefly application can avoid copyright infringement, offers to pay IP indemnity to businesses June 9, 2023
- RBI allows default loss guarantee agreements in digital lending June 9, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
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...
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...